German Industry Orders Fall More Than Forecast In April
Foreign orders outside of the euro zone were the biggest contributor to the drop. German factory orders for April declined by 2 per cent during the month, a drop that was higher than expected with expectations of a 0.5 per cent contraction, making April the biggest monthly fall in nine months. New orders in manufacturing decreased by 2 per cent in April More...
Fed Indicates Interest Rate Hike Likely; US Dollar Surges
Janet Yellen said the fed would “probably” raise rates in the coming months. Federal Reserve Chair Janet Yellen made it clear that an interest rate hike in months ahead is likely, according to a conversation More...
Japan Sees Consumer Prices Fall Pressuring Bank Of Japan
Prime Minister Shinzō Abe may now put off a schedule sales tax increase. Japan saw its main consumer prices fall during April, the second month straight the country has seen a drop as weaker consumer demand caused More...
UK Economic Growth Rises Whilst Current Account Deficit Hits Record High
George Osborne said the UK should not be considering leaving the EU as the numbers expose the danger of economic uncertainty. According to statistics released by the Office for National Statistics (ONS), Britain’s More...
OPEC Countries Call For Emergency Meeting
Nigerian oil minister Emmanuel Ibe Kachikwu.According to Nigeria’s oil minister, Emmanuel Kachikwu, two OPEC members have requested an emergency meeting prior to the next scheduled meeting in June as the slump More...
Third Quarter UK Exports Drop To 6 Year Lows
Export growth during the three months prior of September dropped to their lowest since the financial crisis. According to new data from The British Chambers of Commerce, UK exporters have seen the weakest growth More...