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Author Archives: Top News Editor

ECB Rate-setters Raise Concern Over Euro Strength

European Central Bank policymakers raised concern over the appreciation of the euro in July, pointing out the risk of the exchange rate overshooting in the future, and stressed that the favorable financing conditions are still supported by the massive stimulus. ...

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U.S. Weekly Jobless Claims Drop To Nearly Six-Month Low

First-time claims for U.S. unemployment benefits fell by more than anticipated in the week ended August 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dropped to 232,000. Read Full Story

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UK Retail Sales Growth Exceeds Expectations

UK retail sales grew more-than-expected in July as food store sales increased the most in nearly two years. The retail sales volume grew 0.3 percent month-on-month in July, the same rate as logged in June, data from the Office for ...

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Philippine Economy Expands At Faster Pace In Q2

The Philippine economy grew at a faster pace in the second quarter largely driven by government spending, official data showed Thursday. Gross domestic product advanced 6.5 percent year-on-year in the second quarter, slightly faster than the 6.4 percent expansion seen ...

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