Next Week News

Theresa May is formally appointed as the 13th Prime Minister of U.K., replacing David Cameron. Theresa visited the Queen at the Buckingham Palace and accepted the invitation to form a new government. She is the second female of U.K. after Margaret Thatcher.

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The International Monetary Fund on Tuesday trimmed its global economic growth outlook for this year and the next, warning that the surprise vote on Brexit has triggered a wave of uncertainty amid already-fragile business and consumer confidence.

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Hong Kong's retail sales decreased at a faster-than-expected rate in June, preliminary figures from the Census and Statistics Department showed Tuesday.

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Members of the Reserve Bank of Australia's monetary policy board said that additional stimulus likely would aid the prospects for the country's economic, minutes from the central bank's August 2 revealed on Tuesday.

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Brazil's unemployment rate rose for a second consecutive month in July to its highest level in more than five years as the economy goes through a severe recession in decades, figures from the statistical office IBGE showed Tuesday.

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Forceful policy actions are required to avoid a low-growth trap in the global economy, the International Monetary Fund said Thursday, while indicating that world growth projections may be lowered further.

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Australia's gross domestic product climbed a seasonally adjusted 0.5 percent on quarter in the second quarter of 2016, the Australian Bureau of Statistics said on Wednesday.

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India's consumer price inflation slowed more-than-expected in August to just above the central bank's target of 5 percent, figures from the Central Statistics Office showed Monday.

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Weaker conditions in advanced economies, including the effects of "Brexit", have offset a gradual improvement in emerging market commodity producers as the world economy entered a low-growth trap amid weak trade and financial distortions, the Organisation for Economic Co-operation and Development said Wednesday, while trimming the global growth projections.

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The Spanish economic growth this year is set to be better than expected earlier, though the pace of expansion is likely to ease in the next two years, as the impact of supporting factors weaken, the Bank of Spain said Thursday.

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