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Author Archives: Top News Editor

German Ifo Business Confidence Drops For Second Month

German business sentiment dropped for the second straight month in September as companies were less satisfied with their current business situation and their short-term outlook, survey data from the Ifo Institute showed Monday. The business confidence index fell to 115.2 ...

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Eurozone Private Sector Growth At 4-Month High

Eurozone’s private sector expanded at the fastest pace in four months in September signaling that the economy ended the third quarter on a strong note. The headline composite output index rose unexpectedly to 56.7 in September from 55.7 in August, ...

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U.S. Weekly Jobless Claims Unexpectedly Drop To 259,000

First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended September 16th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 259,000, a decrease of 23,000 from the ...

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UK Budget Logs Lowest Deficit For August In 10 Years

The UK budget deficit decreased to its lowest August level since 2007 on higher sales tax, official data revealed Thursday. Public sector net borrowing excluding interventions decreased by GBP 1.3 billion from the previous year to GBP 5.7 billion in ...

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S&P Downgrades China Rating On Higher Risks

S&P Global Ratings downgraded China’s sovereign ratings citing higher economic and financial risks after a prolonged period of strong credit growth. The sovereign rating was lowered to A+ from AA-, S&P said in a statement on Thursday. The outlook on ...

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Bank Of Japan Voted 8-1 To Maintain Monetary Stimulus

The Bank of Japan maintained its monetary stimulus but a new member voted against the decision, as he demanded more easing, on Thursday. The BoJ policy board, led by Governor Haruhiko Kuroda, voted 8-1 to hold the central bank’s target ...

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