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Updated: 3 hours 26 min ago

Weaker Economic Data May Continue Dovish Outlook

Sun, 02/07/2016 - 06:16

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Turmoil hit the global markets at the very beginning of the year. Drop in commodity prices, slipping stocks, worn down inflation all in combinations made central banks adapt a more dovish outlook. That's a trend which might carry on in the near future with weaker economic data.

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Average U.S. Unemployment Rate Drops and Wages Rise

Sat, 02/06/2016 - 07:59

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Last month wage gains in the U.S picked up significantly. That hints at a tightening job market after years of sparse gains in wages, prompting employers to pay more for hiring new employees and retaining the old ones.

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More Than Expected Number of People Sign up for Obamacare

Fri, 02/05/2016 - 09:12

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On Thursday, figures released by the administration showed that this year President Obama's health care law surpassed expectations by gaining big number of sign ups.

Sylvia M. Burwell, Health and Human Services Secretary said that approximately 12.7 million people opted to sign up for either individual private insurance policies or renew their coverage for 2016.

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Dollar Takes a Hit as Growth Rate Slows in the U.S

Thu, 02/04/2016 - 08:28

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The dollar fell considerable as the US economy signaled at a slow growth. It dropped the most since the time when seven years back, the Federal Reserve made an announcement of staring its Treasury bond buying program.

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China’s official PMI in January Slides Further Compared to December

Mon, 02/01/2016 - 08:05

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In January, official factory activity in China slipped to its three year lowest level and that surely adds to the worries of the already gloomy economic situation in the second-largest economy of the world.

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Christine Lagarde has Support from Key Economies for a Second Term in IMF’s Top Job

Mon, 01/25/2016 - 07:39

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Christine Lagarde, the Managing Director of the International Monetary Fund used the last day of the World Economic Forum in Davos to announce her candidacy for another term in office and secured quick support from all directions. The news that she might be facing possible trial in France did not stop the leaders from rendering support to her for a second term.

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Unemployment Rate in Ohio Climbed Slightly in December 2015

Sat, 01/23/2016 - 09:18

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In December, Ohio's unemployment rate climbed upward for the second consecutive month. In the last month of the year, jobless rate increased 4.7 percent. The average unemployment rate in the state was 4.4 in October climbing to 4.5 in November.

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Dollar Grips a Firmer Ground Against a Basket of Key Currencies

Fri, 01/22/2016 - 07:58

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On Friday, the dollar somewhat firmed versus a basket of key currencies as traders could not decide whether there will be any action according to expectations that there will be monetary easing by some of the major central banks. The hopes for any further rate hike by the Federal Reserve also appear to fade, as jobless claims increased this week.

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Optimism Reaches a Rock Bottom as Puerto Rico Revises its Plan to Fill Debt Financing Gap

Tue, 01/19/2016 - 07:21

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In September, the government of Puerto Rico released its five-year plan that would work to reduce the huge debt of the island and revive the economy. But, that plan seems to be too optimistic and on Monday, top economic officials of Puerto Rico said they had been too confident about the plan and is revising the plan to face the worse.

 

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Fourth-Quarter Growth in China Weakest Since 2009 at 6.8 Percent

Tue, 01/19/2016 - 07:15

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In the recent past years China has been the growth engine for the global economy. But the cooling in economic activities noted of late has brought in worries that conditions in the second-largest economy of the world may be deteriorating fast.

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A World Divided Over Wealth and Trust

Mon, 01/18/2016 - 07:42

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The wealth gap between the rich and the poor is growing worldwide and this is especially true for some of countries more than the others including The U.S, U.K, France and India.

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U.S. Import Prices Marked Sixth Consecutive Monthly Drop in December

Fri, 01/15/2016 - 07:07

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The drop in imports prices is likely to create a downward pressure on U. S inflation levels this year.

On Thursday, the Labour Department said, in December 2015, the import prices dipped 1.2 percent compared to the previous month. That was a drop for the sixth consecutive month. Compared to 2014 December the import price in December was 8.2 percent down.

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China Guides its Yuan Strongly for the Second Consecutive Session

Mon, 01/11/2016 - 08:21

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On Monday, China guided its yuan strongly for the second consecutive session. The move might bring some respite over the issue of competitive devaluation. However, the market was still confused regarding Beijing's final intention in policymaking.

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Global Economic Growth Sluggish; US Moves Ahead

Sun, 01/10/2016 - 06:56

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Even in the slowing global economy, the growth in the US is trotting along. The sluggish global economic growth caused notable upheavals in this week world around in the financial markets.

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December inflation in China Grows in Line with Expectations

Sat, 01/09/2016 - 08:31

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According to the official data on Saturday, in December, the consumer inflation in China gathered momentum. However, it remains below the comfort zone defined by the government. That offers continual scope for the central bank of Chain to ease its monetary policy.

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The U.S Job Market Hints a Steady Growth Although the Economy Loses Pace

Fri, 01/08/2016 - 07:40

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The job market is getting better in the United States.

Last week, the number of people filing for jobless benefits in the US dropped and there were less number of layoffs in the last month of the year.

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World Bank Trims Growth Outlook for Global Economy

Thu, 01/07/2016 - 08:38

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The World Bank said that the global economy will splutter all along this year with a slowdown in factory activity in China which leads to a commodity slump and with Brazil and Russia facing contractions.

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Internal Revenue Service Gets All New Powers to Revoke Passports in Case of $50,000 or More Tax Debts

Wed, 01/06/2016 - 08:37

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At the end of last year, the U. S. Congress and the Obama Administration in the transportation bill gave the IRS powers to revoke passports for collecting federal taxes.

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China’s Factory Activity Shrinks for the Tenth Straight Month

Mon, 01/04/2016 - 09:05

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In December, the factory activity in China contracted for the tenth consecutive month. That was at a greater pace compared to November according to a private survey. With the data, spirits were dampened regarding a quick recovery in the second-largest economy of the world. Eyes will eagerly watch how things shape up in 2016.

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Stronger U.S Job Market Cuts Down Applications for Jobless Benefits

Fri, 12/25/2015 - 08:25

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The labour market in the U. S seems to be getting stronger. The number of U. S filings claiming unemployment benefits dropped to its four-week low. That signals a solid labour market in the beginning of the year ahead.

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