The News / Hottest

Retail credit card spending in New Zealand jumped a seasonally adjusted 1.1 percent on month in June, Statistics New Zealand said on Tuesday.

More...

Slovakia's trade surplus for May increased from a year ago as exports grew in contrast to a decline in imports, data released by the Statistical Office of the Slovak Republic showed on Tuesday.

More...

Eurozone finance ministers on Monday approved the payment of EUR 3 billion of aid package to Greece in two tranches, but on strict conditions to restructure the economy. The first tranche of EUR 2.5 billion will be paid this month and the remaining EUR 0.5 billion in October. Athens has to fulfill its agreed commitments in July itself.

More...

The International Monetary Fund on Tuesday slashed its growth forecast for a fifth consecutive time citing slowing growth in the emerging markets and lingering risks, mainly from the Eurozone crisis.

More...

Stagnant industrial production as well as a widening trade deficit have raised concerns over the expected strength of the U.K. economic recovery. Industrial production remained flat in May from April, when it fell 0.1 percent, data from the Office for National Statistics showed Tuesday. Economists had forecast industrial output to grow 0.2 percent in May.

More...

The International Monetary Fund on Tuesday lowered the global growth projections for the fifth consecutive time, citing weaker domestic demand in the emerging market economies and a more protracted recession in the euro area. In an update to its World Economic Outlook, the lender forecast the global economic growth at 3.1 percent this year, which was less than its April projection of 3.3 percent.

More...

China posted a merchandise trade surplus of $27.1 billion in June, the government said on Wednesday.

More...

An index measuring the prices of domestic corporate goods was up 0.1 percent on month in June, the Bank of Japan said on Wednesday, standing at 101.6.

More...

Consumer confidence in Japan eased to a seasonally adjusted 44.3 in June from 45.7 in May, the Cabinet Office revealed in its a monthly survey on Wednesday.

More...

Wholesale inventories in the U.S. unexpectedly decreased in the month of May, according to a report released by the Commerce Department on Wednesday, although the report also showed a significant increase in wholesale sales for the month. The Commerce Department said wholesale inventories fell by 0.5 percent in May following a revised 0.1 percent decrease in April.

More...