Jan 9, 2015

Economy likely to log 0.5% contraction in real terms

In a reversal, the government now expects the economy to shrink around 0.5 percent in real terms for fiscal 2014, downgrading its July forecast of 1.2 percent growth, sources said Friday. If Japan worsens as projected, its inflation-adjusted gross domestic product will shrink for ...

Jan 9, 2015

U.S. jobless claims dip; 2014 layoffs lowest in 17 years

The number of Americans filing new claims for unemployment benefits fell last week and job cuts declined sharply in December, suggesting the labor market is tightening. Thursday’s reports support views of faster growth this year, driven by consumer spending, despite a faltering global economy. ...

Dec 19, 2014

BOJ resumes upbeat spin, nixes need for more easing

The Bank of Japan on Friday struck a more upbeat view of the world’s number three economy, saying exports were showing signs of picking up while factory output has started to bottom out. The comments came after policymakers wrapped up a two-day meeting where ...

Russia hikes rates in risky effort to halt ruble's fall

Dec 16, 2014

Russia hikes rates in risky effort to halt ruble's fall

The Bank of Russia raised its key interest rate to 17 percent from 10.5 percent in a desperate move to boost the ruble, which has sunk roughly 50 percent since January amid Western sanctions and plunging worldwide oil prices. The aggressive move reflected fears ...

Dec 15, 2014

Tankan' shows manufacturers' confidence is waning

Confidence among large manufacturers declined in the fourth quarter as the recession offset a boost from the weaker yen, the Bank of Japan’s “tankan” survey showed Monday, underlining the economic challenges for Prime Minister Shinzo Abe after his electoral victory. The tankan index of ...