Don't be fooled by a day of gains. Michael Pento thinks this is the beginning of a bear market. Here are six reasons why.» Read More
ROSEAU, Dominica— A preliminary assessment of the effects of Tropical Storm Erika on the island of Dominica has found damage to basic infrastructure alone that amounts to nearly half of the small country's GDP, the prime minister said Thursday. Repairs to roads and bridges across the eastern Caribbean island will total more than $226 million, Prime Minister...
Michael Na, Korea Strategist at Nomura, says the Middle East Respiratory Syndrome (MERS) outbreak is a "transitory issue" and the South Korean economy will recover in the second half of year.
SEOUL, Sept 3- South Korea's economy grew a seasonally adjusted 0.3 percent during the April-June quarter from the previous three-month period, revised central bank data showed on Thursday, unchanged from its earlier estimate. Over a year earlier, South Korea's gross domestic product expanded by 2.2 percent in the second quarter, the Bank of Korea data showed,...
Australia experienced the slowest economic growth in two years over the second quarter due in part to a sharp fall in export volumes.
Paul Bloxham, chief economist, Australia & New Zealand at HSBC, says Australia's growth remains below-trend as the country attempts an economic rebalancing act.
SYDNEY, Sept 2- Australia experienced the slowest economic growth in two years over the second quarter due in part to a sharp fall in export volumes, official data showed on Wednesday, knocking the Australian dollar to its lowest in over six years. The Australian Bureau of Statistics said gross domestic product expanded by 0.2 percent in the second quarter, down...
Gerry Harvey, chairman of Harvey Norman, says its businesses have been doing "better than they've been for a long time" and explains why the recent market turmoil is beyond his comprehension.
Joe Magyer, senior analyst at The Motley Fool, explains why he describes Beijing's recent policy support moves as "trying to fight off a hangover by taking more drinks."
Michael Blythe, chief economist at Commonwealth Bank, says Australia's economy still faces several challenges including the downturn in mining activities and its large exposure to China.
OTTAWA, Sept 1- The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices taking a toll as business investment fell and inventory accumulation slowed. Gross domestic product contracted at an annualized 0.5 percent rate in the second quarter, Statistics...
Scott Shellady, senior vice president of derivatives for TJM Investments, discusses markets, U.S. GDP data and whether the Federal Reserve will decide to raise rates this month.
SYDNEY, Sept 1- Australia's central bank kept interest rates at a record low on Tuesday in a widely expected decision ahead of GDP data that is likely to show economic growth shifted a gear lower in the second quarter. The Reserve Bank of Australia left the cash rate at 2.0 percent, where it has been since May. "In Australia, most of the available information suggests...
Pranjul Bhandari, chief India economist at HSBC, expects lower oil prices to replace government spending as the key driver of growth in India in the second-half of the year.
Radhika Rao, economist at DBS, discusses veteran fund manager Mark Mobius' comments that an interest rate divergence between the U.S. and India will benefit the latter.
Sandy Lincoln, chief market strategist at BMO Asset Management, remains modestly overweight on equities due to factors such as a "pretty solid" U.S economic recovery.
Aleh Tsyvinski, professor at the department of economics at Yale University, explains why he's optimistic that China can achieve 7-8 percent growth in the next 10-15 years.
Goldman Sachs slashed its China's growth forecast over the next three years amid broadening pessimism over the health of the country's economy.
While India's new GDP methodology remains confusing, Vishnu Varathan, senior economist at Mizuho Bank, explains why GDP has still eased from the first three months of the year.
India should offer hope to the world as it remains the fastest growing major economy for the second quarter running.
China's troubles are more akin to the abrupt end of Japan's boom in the 1990s than the global financial crisis.