CAIRO— Egypt is aiming for 5.5 percent economic growth in the next fiscal year, which ends in June 2017, an increase on its 5 percent target this year. In its budget proposal on Monday, the Finance Ministry said it plans to reduce the deficit to 9.5 percent of gross domestic product, compared to 10 percent this year. Egypt has been struggling to revive its economy since...» Read More
Sean Darby, global head of equity strategy at Jefferies, explains that China's real income growth. amid a low inflation environment, had given consumption a boost.
BUENOS AIRES, Nov 20- Argentina's economic activity grew 2.8 percent on the year in September, the government said on Friday, coming in above market expectations for an increase of 2.5 percent. The monthly EMAE economic activity index, which is a close proxy for gross domestic product, showed economic activity was unchanged against the previous month.
The following economic reports will be issued in Washington, unless otherwise noted:. TUESDAY: Commerce Department releases third-quarter gross domestic product, 8:30 a.m.; Standard& Poor's releases S&P/Case-Shiller index of home prices for September and the third quarter, 9 a.m.; The Conference Board releases the Consumer Confidence Index for November, 10...
Gita Wirjawan, founder and chairman of Ancora Group and former Indonesian trade minister, says Southeast Asia has to be ready for the Fed's path of normalization over the next few years.
WASHINGTON— National Association of Realtors releases existing home sales for October, 10 a.m.. WASHINGTON— Commerce Department releases third-quarter gross domestic product, 8:30 a.m.; Standard& Poor's releases S&P/Case-Shiller index of home prices for September and the third quarter, 9 a.m.; The Conference Board releases the Consumer Confidence Index...
Loretta Mester, Cleveland Federal Reserve president, shares her thoughts on whether the Fed is 'behind the curve' on rates
We are going to be looking at all the data, says Loretta Mester, Cleveland Federal Reserve president, talking with CNBC's Steve Liesman, about the Federal Reserve's criteria for hiking interest rates.
The Bank of Japan kept monetary policy steady on Thursday, expecting that a tight job market pushing up wages and underpinning consumption.
NEW DELHI, Nov 17- The Indian government would prefer to use buoyant tax receipts to fund extra infrastructure spending than to slash its borrowing target for the current fiscal year, Finance Minister Arun Jaitley told Reuters in an interview on Tuesday. Jaitley said he would prefer to stick to the fiscal deficit target of 3.9 percent of gross domestic product...
Japan's economy has slipped into recession, but demand for cup noodles and pricy chocolates suggests some hope for 'Abenomics'.
Japanese exports to China have dropped sharply, worsening the falloff in activity and contributing to the general unease, the New York Times reports.
Japan will respond to China's slowdown with fiscal and structural policy, but not monetary policy, says Robert Feldman, chief Japan economist at Morgan Stanley.
India's economic growth is expected to exceed 7.3 percent in the current fiscal year, Finance Minister Arun Jaitley said.
Vishnu Varathan, senior economist at Mizuho Bank, identifies a number of factors, such as a lack of corporate spending, that are hampering Japan's economic recovery.
David Mann, chief economist for Asia at Standard Chartered, says that although Japan's consumer spending has improved, the weak external environment will weigh on the economy.
*Paris attacks hit airline and travel agency stocks. TOKYO, Nov 16- Japan's Nikkei share average fell to the lowest in more than a week on Monday morning after Friday night's attacks in Paris curbed risk appetite, dragging down exporters as well as airline and travel agency stocks. "The Japanese market was overbought, so anything could trigger a correction, and the...
Japan's economy slipped back into recession in the September quarter, contracting at a 0.8 percent annualized rate on weak domestic demand.
Izumi Devalier, Japan economist at HSBC, identifies the strengths and weaknesses in Japan's Q3 GDP data.
TOKYO, Nov 16- Japan's economy slipped back into recession in the July-September quarter, contracting at a 0.8 percent annualised rate on weak domestic demand, government data showed on Monday. The preliminary figure for gross domestic product compared with the median estimate of a 0.2 percent contraction in a Reuters poll of economists.
Q3 is likely to be another quarter of negative economic growth for Japan, Tim Quinlan, VP and economist at Wells Fargo, forecasts.