Effective demand is extraordinarily weak, probably tantamount to the later stages of the Great Depression, Alan Greenspan said.» Read More
JAKARTA, Feb 5- Indonesia's economy in 2014 grew at its slowest pace in five years, as expected, the statistics bureau said on Thursday. Gross domestic product expanded 5.02 percent in 2014 compared with 5.58 percent in 2013, using the statistics office's new 2010 base year. In the last quarter, Southeast Asia's largest economy grew 5.01 percent year-on-year,...
Indonesian growth likely slowed last year but going forward, Jokowi's economic measures are expected to boost growth, says Wellian Wiranto, Economist at OCBC Bank.
Charlie Diebel, head of macro strategy at Aviva Investors, says that despite data underlining China's slowdown, the country is doing a "good job" at controlling it.
BOGOTA, Feb 2- Colombia's economy will probably grow slightly more in 2016 than the 3.6 percent predicted for this year, the central bank chief said on Monday. "The technical team is projecting 2016 growth figures a bit above those for 2015," Jose Dario Uribe told reporters after his quarterly presentation in Bogota. A nearly 60 percent drop since June in prices for...
There was good news for U.K. businesses on Monday, after an influential economic group said a long-awaited uptick in lending would start this year.
OBAMA ADMINISTRATION SEES 3.1 PCT GDP GROWTH IN 2015, JOBLESS RATE AT 5.4 PCT, INFLATION OF 1.4 PCT- OFFICIALS.
OBAMA BUDGET PROJECTS DEBT AS SHARE OF GDP AT 75 PCT IN 2016, FALLING TO 73.3 PCT IN 2025- OFFICIALS.
OBAMA BUDGET PROJECTS 2016 DEFICIT OF $474 BILLION, 2.5 PCT OF GDP; DEFICITS STABILIZE AROUND 2.5 PCT OF GDP OVER 10 YEARS- ADMINISTRATION OFFICIALS.
Alan Knuckman, chief options strategist at Bulls-Eye Options, discusses U.S. markets, including Shake Shack's IPO, global GDP data, China PMI data and the upcoming jobs report.
Monday's PMI data is in line with the ongoing narrative of slowing growth in China so authorities will stick to the script of targeted easing, says Clive McDonnell, Head of Equity Strategy at Standard Chartered.
Robert Rennie, Global Head of FX Strategy at Westpac Bank, discusses how data over the weekend, namely lower-than-expected U.S. GDP and Chinese factory activity, are impacting global currencies.
Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop.
MOSCOW, Jan 31- Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop. The economy has been hit by a sharp fall in oil prices and by sanctions imposed on Moscow for its role in the Ukraine crisis, leaving Russia facing its first year of recession...
MOSCOW, Jan 31- Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop. The economy has been hit by a sharp fall in oil prices and sanctions imposed on Moscow for its role in the Ukraine crisis, leaving Russia facing its first year of recession...
RUSSIAN ECONOMY MINISTER ULYUKAYEV SEES SEES GDP CONTRACTING BY 3 PCT IN 2015- INTERFAX.
*Euro short positions consolidating, keeps steady vs. dollar. NEW YORK, Jan 30- The dollar traded mixed on Friday after weaker-than-expected headline U.S. fourth-quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectations of long-term greenback gains. The fundamental case for...
*Long bond, 10- year yields touch record lows. NEW YORK, Jan 30- U.S. That would be the long bond's best total return performance since September 2011, according to Bank of America Merrill Lynch data.
Two market strategists stick to Fed rate hike this year.
U.S. GDP was up 2.6 percent in Q4. CNBC's Steve Liesman reports on the weak results.
NEW YORK, Jan 30- The dollar edged higher on Friday and was on track to end January with gains of more than 5 percent, while stock indexes around the world fell as data showed U.S. growth slowed sharply in the fourth quarter. The headline number was "well below consensus expectations and that is definitely one of the data points that many bulls were looking for to...