Global News

EU gives France and Italy until March

by AFP
European Commission gives France, Italy and Belgium until March to fix budgets.

Italy October jobless rate hits record high

Italy's unemployment rate rose in October, reaching a new high.

German October retail sales rebound

by AFP
German retail sales bounced in October after a bit drop the previous month.

Japanese data paints gloomy picture

by AFP
Inflation hits its lowest level for more than a year.

Picks of the Week

In this week's reading guide, Kohler warns against fighting deflation, Bartholomeusz sizes up Glencore's tilt for Rio and Gottliebsen rings the alarm for manufacturers.

The Fed needs more than an audit

The central bank’s expansive regulatory powers should be subject to congressional and executive branch oversight.

The Week Ahead

Data on home prices, government spending and economic growth will dominate local headlines, while US employment will be watched closely abroad.

Trade minister backs WTO deal

by AAP
Aust govt to accept deal, global commerce could grow by $1 trillion a year.

The commodity slump is just the start of Australia's rude awakening

5 comments
Persistent declines in commodity prices will see a global reversal of fortunes, and the consequences for Australia will be profound and far-reaching.

How to read the US bond market's mixed signals

2 comments
Falling US bond yields have sparked talk of a slowdown in US growth, but there are several reasons why this view is misguided.

WTO to implement key trade pact

by AFP
Members of WTO agree to implement a landmark global deal reached last December.

German inflation hits five-year low

by AFP
Latest data has investors nervous about prospect of deflation in eurozone.

German unemployment falls in November

by AFP
German unemployment numbers fall in November as labour market shrugs off weak growth.

Eurozone bonds surge on stimulus bet

European government bonds soar to record highs on expectations the ECB will buy to stimulate the economy.

Crucial OPEC meeting underway

There's a nervous wait as crucial OPEC meeting gets underway.

Spanish consumer prices continue to fall

Weak Spanish consumer prices add to pressure on the ECB for stimulus while German jobless fall.

A consumer-led US recovery is just around the corner

2 comments
US household spending remains at odds with a steadily improving labour market, but a higher dollar should drive stronger consumption growth in the year ahead.

Why abolishing cash is not on the money

Cash might not be needed for the majority of business transactions, but it remains the most effective way to keep central bankers honest.

EU investors eye ECB stimulus talk

by AFP
European markets close flat despite new hints of central bank bond-buying.

Greece fails to strike budget deal

Agreement with creditors on austerity plan remains out of reach, talks to continue.

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