Global News

EU launches new trade dispute with US

by AFP
Subsidies for Boeing's new 777X jet program at centre of dispute.

IMF praises Ukrainian government's economic reform efforts

Embattled country waiting for part of assistance package held up by elections.

US home value rebound slows

Property prices still rising, but not at the same rate of knots, says research.

HK finds no evidence of forex rigging

Hong Kong arm of global investigation says two attempts to manipulate the benchmark failed.

Europe faces export losses as Russia sanctions bite

France, Denmark raise questions over whether Russia is feeling too much pain.

Europe's current account surplus narrows in October

ECB figures show falls in goods, services surpluses.

Picks of the Week

In this week's essential reading guide, Kohler looks for a lesson in Russia, Bartholomeusz weighs Woodside's gamble on gas and Gottliebsen warns of a looming economic storm.

The Week Ahead

Data on domestic private sector credit will drop on New Year’s Eve, while US consumer spending, confidence and housing market figures will be released before Christmas.

Beware the EU periphery's brainless recovery

As growth in the eurozone remains subdued and unemployment stabilises at high levels, spending cuts in R&D might leave some countries exposed to human capital flight.

A rising economic tide will lift most boats

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Global growth is likely to surprise on the upside next year, although there may be large differences in growth dynamics among countries.

The markets are bracing for the Fed's moment of truth

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The prospect that the US dollar might overshoot could complicate the normalisation of US interest rates, which could spark more volatility and a fresh bout of unintended consequences.

Cameron’s push for EU reconciliation

The British Prime Minister is working to mend economic fences with the European Union, but fundamental policy differences remain in place.

The Fed’s rates feint will spur stocks in 2015

The money is on at least one US rate rise next year, but low inflation should price out a rate hike and spur a surge in equity markets.

UK retail sales see highest lift in 10 years

Retail sales in the UK grew at the fastest annual pace in November in a decade.

US jobless claims fall to 289,000

Labor Department data shows claims remain near 14-year lows.

EU approves new Crimea sanctions

by AFP
Measures ban all investment, cruise ships as part of Russian non-recognition policy.

Putin seeks to reassure on Russian economy

President's annual address says economic troubles could remain for up to two years.

Switzerland to introduce negative benchmark rate

by AFP
Central bank seeks to stop Swiss franc appreciating, eyes further measures.

Rouble firms ahead of Putin conference

Unit lifts further from Tuesday's record low following oil price rise, central bank measures.

NAB says global outlook subdued

Bank says 2015 will be a year of moderate growth, with poor outlook in Japan and Europe.