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Author Archives: Top News Editor

Russia Slashes Rate By 50 Bps; Signals More Reduction

Russia’s central bank slashed the benchmark rate by half a percentage point on Friday amid expectations for a quarter point reduction. Policymakers signaled further easing in the first half of 2018. The Board of Directors trimmed the key rate to ...

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Japanese Large Manufacturers’ Sentiment At 11-Year High

Confidence among large manufacturers increased for the fifth straight quarter to an 11-year high at the end of 2017, as strong exports and rising corporate profits underpin growth, a closely watched survey showed Friday. The large manufacturers’ sentiment index rose ...

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U.S. Weekly Jobless Claims Unexpectedly Drop To 225,000

First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended December 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dropped to 225,000, a decrease of 11,000 from the ...

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Bank Of England Unanimous On Rate, QE

The Bank of England policymakers unanimously decided to leave its key interest rate unchanged on Thursday after tightening it for the first time in a decade in November. The Monetary Policy Committee, headed by Governor Mark Carney, voted to maintain ...

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China Raises Short-Term Rates Unexpectedly

China’s central bank unexpectedly lifted its rates on open market operation on Thursday after the Federal Reserve tightened its policy rates. Elsewhere, statistical data released on Thursday showed that industrial production growth weakened in November as measures taken to control ...

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