Next Week News

Growth in developing economies in East Asia is set to ease moderately in 2016-18 as the region still faces elevated risks stemming from easing China's expansion, the World Bank said Monday. In the latest East Asia and Pacific Economic Update, the lender urged the authorities to prioritize monetary and fiscal policies that help to reduce vulnerabilities.

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Fitch Ratings on Tuesday downgraded Saudi Arabia's credit rating to 'AA-' from 'AA', while retaining the outlook as 'negative'.

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The global economy is set to continue its expansion, but at a slower pace as financial and geopolitical risks increase, the International Monetary Fund said Tuesday.

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India's Prime Minister Narendra Modi on Thursday launched the National Agriculture Market (NAM) - the online trading portal for farm produce, connecting 21 wholesale markets (mandis) from eight states.

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Let’s call the coming week “the potpourri of earnings,” because investors are going to be slammed with quarterly reports from some big guns starting on Monday and not letting up after that.

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After unveiling a bouquet of stimulus measures last month, the European Central Bank is set to maintain status quo on Thursday and focus on defending its independence as it faces intense criticism from Germany over its ultra loose policy stance. The 25-member Governing Council, led by ECB President Mario Draghi, is expected to leave its benchmark interest rate - the refi, unchanged at record low.

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A stronger euro is not a concern for the European Central Bank, ECB Executive Board member Benoit Coeure said in an interview published Wednesday.

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Economic growth in the U.S. slowed by even more than economists had anticipated in the first quarter, the Commerce Department revealed in a report on Thursday. The report said gross domestic product rose by 0.5 percent in the first quarter compared to the 1.4 percent increase in the fourth quarter.

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Low interest rates are not a problem themselves, but they mirror the underlying problem of weak investment demand, European Central Bank President Mario Draghi said Monday.

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Brazil's private sector activity declined at the fastest pace in the survey history during April, amid steep falls in output in both manufacturing and services that led to a record drop in employment as recession deepens, Markit Economics said Wednesday.

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