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Author Archives: Top News Editor

ECB Sees More Delay In Raising Rates

The European Central Bank now expects its interest rates to remain unchanged for a longer period than forecast earlier as downside risks to the euro area outlook intensify amid escalating global trade tensions. The Governing Council, led by ECB President ...

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German Factory Order Growth Exceeds Expectations

Germany’s factory orders grew more-than-expected in April, driven by demand from non-euro area economies despite heightened trade tensions. Data published by Destatis showed that factory orders grew 0.3 percent month-on-month in April, weaker than the revised 0.8 percent increase seen ...

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India Cuts Rate By 25 Bps For Third Time

India’s central bank resorted to a quarter-point reduction in interest rate on Thursday, the third in a row, that took it to the lowest level since 2010, and tweaked its stance of monetary policy to accommodative from neutral. Citing weak ...

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