Robert Medd, partner at GMT Research, says the commodity market could see a "genuine bottom" next year as producers cut back on production.» Read More
WASHINGTON, Sept 25- The U.S. economy expanded more than previously estimated in the second quarter on stronger consumer spending and construction, the second upward revision in a row. The Commerce Department said on Friday gross domestic product rose at a 3.9 percent annual pace in the April-June quarter, up from the 3.7 percent pace reported last month.
CNBC's Rick Santelli breaks down the latest numbers on the economy. And CNBC's Steve Liesman provides insight.
The U.S. economy expanded more than previously estimated in the second quarter on stronger consumer spending and construction.
Alexander Treves, head of equities, Japan at Fidelity Worldwide Investment, says Prime Minister Shinzo Abe needs to provide more details about his plans to revive Japan's economy.
TOKYO, Sept 24- Japanese Prime Minister Shinzo Abe vowed on Thursday to raise gross domestic product by nearly a quarter to 600 trillion Japanese yen, pledging to refocus on the economy after the passage of controversial security bills that eroded his popularity. Abe unveiled the plan at a news conference marking his election to a second three-year term as...
TOKYO, Sept 24- Japanese Prime Minister Shinzo Abe will announce a plan on Thursday to raise gross domestic product by around 22 percent to 600 trillion Japanese yen as he refocuses on the economy after the passage of controversial security bills that eroded his popularity. Abe will reveal the plan at a news conference marking his election to a second...
*Abe trying to pivot focus to economic policy. TOKYO, Sept 24- Japan's Prime Minister Shinzo Abe will announce a plan to raise gross domestic product to 600 trillion Japanese yen as he shifts his focus back to economic policy, national broadcaster NHK reported on Thursday. "We can expect some measures to stimulate consumer spending because capital expenditure...
TOKYO, Sept 24- Japan's Prime Minister Shinzo Abe will announce a plan to raise gross domestic product to 600 trillion Japanese yen as he shifts his focus back to economic policy, national broadcaster NHK reported on Thursday. In fiscal 2014, nominal GDP was 491 trillion yen, so the economy would have to expand by 22 percent to reach the 600 trillion yen mark.
Simon Cox, MD & investment strategist for Asia Pacific at BNY Mellon Investment Management, says "humanizing" news from the state visit have helped to soften the image of Chinese President Xi Jinping.
Tim Seymour, CIO of Triogem Asset Management, explains why the state of China's economy isn't as dire as media reports suggest.
Leland Miller, president of China Beige Book International, describes the third quarter as a "traditional slowdown quarter" and says the services sector has been a bright spot in China's economy.
*Capping gross financing needs would help Greece return to markets. Greece had been pushing for a reduction of the principal on the almost 197 billion euros that it now owes the euro zone, but euro zone finance ministers explicitly ruled out any such nominal "haircut" on Aug. 14th. Instead, if a review of Greek reforms over the next two months shows that Athens is...
JERUSALEM, Sept 17- Israel's economy grew at its slowest rate for six years in the second quarter as exports slid and consumers took a breather from shopping, revised data showed on Thursday. Gross domestic product grew an annualized 0.1 percent in the April-June period, according to the Central Bureau of Statistics' second estimate. The numbers are more bleak...
After the Fed's rate decision, investors will shift their focus back to fundamentals, says Goldman Sachs, highlighting emerging markets currencies.
The RBI ought to push ahead with a rate cut, even if the Fed decides to embark on a rate hiking cycle, says former deputy governor Subir Gokarn.
CNBC's Michelle Caruso-Cabrera takes a look at China's GDP numbers to get a read on the country's economic growth.
Barron's released an article saying Alibaba's stock could fall another 50 percent, and Alibaba questioned the facts in the piece. Jeff Reeves, Investorplace.com, and Henry Guo, Summit Research, discuss.
Barron's is out with an article saying Alibaba's stock could fall another 50 percent. Scott Kessler, S&P Capital IQ, and Rob Sanderson, MKM Partners, discuss slowing China growth.
China's reforms will proceed in the way the Chinese have brought their economy from virtually nothing to the powerhouse it is today.
Jason Furman, Council of Economic Advisers, discusses economic growth in the U.S.