Global News

UK repays Churchill war bonds

by AFP
Britain pays back bonds used to fund WWI, Napoleonic and Crimean campaigns.

Bank of Italy calls for sustained public investment in eurozone

Visco says more flexibility needed on EU interpretation of fiscal rules.

German, French retail sales slump in September

Data points to anemic eurozone growth in the third quarter.

The Week Ahead

A busy week locally as key economic data is released and the Reserve Bank Board meet. In the US, employment figures will be the focus of attention.

Picks of the Week

In this week's essential reading guide, Kohler notes the importance of a bullish Fed and Gottliebsen eyes the potential for a retail surge.

Are the Swiss going back to the gold standard?

In a bid to reduce the risks of financial instability, the Swiss are weighing up the possibility of reintroducing a limited version of the ‘gold standard’.

Eurozone inflation lifts slightly in October

by Dow
Annual rate marks thirteenth straight month at less than half of ECB's target rate.

French consumer spending falls in September

Data shows weak end to third quarter for critical household sector.

Fed's Williams warns on zero lower bound

Speech says issue likely to be recurring for central banks that target low levels of inflation.

BoJ announces massive stimulus move

Japanese policy makers stun markets with dramatic plan to shore up national economy.

China’s shadow banking third largest in the world: FSB

Shadow banking grows to $US75 trillion industry, nears pre-crisis peak.

What a rising dollar means for US growth

The US economy continues to grow at a healthy pace, but renewed strength in the US dollar poses a risk.

ECB plans asset purchase program

by AAP
Central bank will start buying asset-backed securities in November to help free up credit.

Yellen wants diversity in economics

Fed chair says economics profession would benefit from broader range of views.

German inflation stuck at 0.8%

by AAP
Inflation in Europe's biggest economy remains at ultra-low levels.

US GDP lifts steadily in Q3

Commerce Department print shows 3.5 per cent annual growth as trade balance, government spending turn up.

US jobless claims edge up to 287,000

by AFP
Labour Department data follows optimistic Fed comments on employment outlook.

Greek stocks fall on bank stress test worries

by AFP
Banking index plunges 7.3 per cent, broader market loses 3.6 per cent as capitalisation fears weigh.

Eurozone confidence revives in October

Business, consumer sentiment lifts unexpectedly; rise spread across all sectors.

German jobless rate falls sharply in October

Print surprises expectations for a rise as economic uncertainty fails to weigh.