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Author Archives: Top News Editor

ADB Lifts Developing Asia’s Growth Outlook

The Asian Development Bank raised its developing Asia’s growth outlook citing stronger-than-expected export demand. In its Asian Development Outlook, released Thursday, the bank upgraded developing Asia’s growth outlook for 2017 to 5.9 percent from 5.7 percent. Read Full Story

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BoJ Keeps Stimulus Unchanged; Cuts Inflation Forecast

The Bank of Japan left its massive monetary stimulus unchanged on Thursday and pushed back the timeframe to achieve its 2 percent inflation target. The bank has upgraded its growth forecasts as private consumption and exports are expected to continue ...

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Draghi To Walk A Tightrope To Avoid Taper Tantrum

European Central Bank President Mario Draghi and his fellow policymakers are set to face a dilemma during the July rate-setting session as the bank seeks to chart its exit from its massive stimulus amid a lack of inflationary pressure. Read ...

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U.S. Housing Starts Rebound More Than Expected In June

After reporting an unexpected decline in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing housing starts rebounded by more than expected in the month of June. Read Full Story

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German Economic Confidence At 4-Month Low

German economic sentiment deteriorated more-than-expected to a four-month low in July, survey data from the Mannheim-based Centre for European Economic Research/ZEW revealed Tuesday. The ZEW Indicator of Economic Sentiment fell to 17.5 in July from 18.6 in June. The score ...

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