Global News

RBS admits error in stress test data

Bank overstated its top-quality equity in figures submitted to European regulators.

ECB stands ready to boost stimulus

Mario Draghi hints central bank will expand asset-purchase programs to raise inflation.

China cuts rates as growth slows

China's central bank makes first rates reduction in over two years amid growth fears.

European stocks boosted by Draghi's stimulus comments

European stocks and bonds surge after ECB's Draghi says bank stands ready to expand stimulus.

The Week Ahead

Quarterly business investment figures will be a focus locally, while the US will release significant economic data including economic growth figures ahead of Thursday’s Thanksgiving Day holiday.

Australia can play a role in India's economic rise

Australian businesses have an opportunity to forge enduring ties with India, but they will need to remember that their economic engagement will be a marathon, not a sprint.

Aust miners accused of polluting Alaskan river

by AAP
Australian heads of a platinum mine indicted for conspiring to dump waste in Alaskan river.

US Fed to review of bank supervision

Fed launches sweeping review of its practices for supervising big banks in response to criticism.

Why Europe is not Japan

Europe's problems are tiny in comparison to those of Japan. The region is not about to enter a 'lost decade'.

Commerzbank to charge big depositers

by AFP
Germany's second-biggest lender says fees to apply for high level of deposits.

US factory activity growth weakens

Flash purchasing managers' index at lowest level since polar vortex-hit January.

US home sales jump in October

by AP
Americans bought homes in October at the briskest pace this year.

US homebuilder confidence lifts in November

NAHB index jumps four points, provides a hopeful signal for housing recovery.

US producer prices lift in October

Upward price pressures surprise expectations, driven by trade services.

US consumer prices steady in October

Print reflects impact of soft energy prices, sluggish global growth.

US jobless claims fall to 291,000

Decrease slightly lower than expected, now below 300,000 for ten consecutive weeks.

Eurozone private activity hits 16-month low

Survey shows businesses again cutting prices again in face of weak demand.

EU banker bonus cap valid: court adviser

Opinion a blow to UK efforts to overturn EU regulations.

UK retail sales surge in October

Sales boosted by steepest fall in store prices since December 2002.

German producer prices fall in October

Monthly print declines more than expected as energy costs weigh.