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Author Archives: Top News Editor

U.S. Weekly Jobless Claims Drop To Two-Month Low

A report released by the Labor Department on Thursday showed a much bigger than expected decrease in first-time claims for U.S. unemployment benefits in the week ended July 15th. The report said initial jobless claims fell to 233,000, a decrease ...

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ECB Keeps Markets Guessing On Tapering

There was no surprises from the European Central Bank on Thursday as it left its key interest rates and massive stimulus unchanged for an eleventh straight session, and also kept the forward guidance intact, thus retaining the downward bias on ...

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UK Retail Sales Recover On Warm Weather

UK retail sales recovered at a faster-than-expected pace in June as warm weather boosted clothing demand. Retail sales grew 0.6 percent month-on-month in June, reversing a 1.1 percent fall in May, data from the Office for National Statistics showed Thursday. ...

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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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