IBTimes.com : GDP Topic

Graff upbeat on $1 billion IPO despite market slump

Sun, 27 May 2012 11:42:02 EDT

London luxury jeweler Graff Diamonds has seen "tremendous interest" for its Hong Kong IPO of up to $1 billion, which is entering its final stretch in the shadow of a global stock market rout.

US Stocks - Time To 'Sell In May And Go Away'?

Fri, 25 May 2012 17:37:15 EDT

You can't blame investors for feeling a bit squeamish regarding deploying new money in the U.S. stock market these days, with the Dow Jones Industrial Average’s (DJIA) recent slide from 13,300 to 12,450 unnerving even the most experienced institutional investors. Where’s the market headed in the next six months?.

Investors Love Rio: Why Foreign Companies Are Buying Into Brazil's Real Economy

Fri, 25 May 2012 17:28:23 EDT

Investing in Brazil's booming economy has turned another page as foreign companies, especially Japanese firms, move from putting money into the nation's financial industry to putting it into the real economy of South America's largest nation.

Daily Summary on USD, Euro, GBP, JPY, CAD, AUD and NZD

Fri, 25 May 2012 14:50:04 EDT

The dollar is headed into the long weekend near the top of its recent ranges against the majority of its peers. Risk aversion has continued to support the USD in its role as "safe-haven" asset with the ongoing fears that the Eurozone remains on shaky ground. Meanwhile, the outlook for the US economy continues to improve with consumer confidence far surpassing expectations. U.

What Would An Independent Scotland Look Like?

Fri, 25 May 2012 13:53:46 EDT

However, it remains far from certain that the Scottish public even wants independence.

Bankia, Catalonia pile on Spanish debt worries

Fri, 25 May 2012 13:49:04 EDT

Financial troubles at a big Spanish bank and one of the country's richest regions, Catalonia, piled on problems on Friday for the Madrid government and for investors who question whether it can pay its debts without help from euro zone allies.

BoE's Weale says case for more QE remains

Fri, 25 May 2012 13:00:06 EDT

Weak British gross domestic product data this week strengthens the case for more Bank of England stimulus, but this has to be weighed against above-target inflation, BoE policymaker Martin Weale said on Friday.

US Consumer Sentiment Rises To Highest Level In More Than 4 Years

Fri, 25 May 2012 12:39:39 EDT

Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases, a survey released on Friday showed.

Hong Kong shares suffer 3rd weekly loss, China weak too

Fri, 25 May 2012 10:12:23 EDT

Hong Kong shares rose 0.3 percent in lackluster Friday trade, but slumped to a third-straight weekly loss that pared 2012 gains to 1.5 percent, with the European debt crisis and slowing Chinese economy unnerving investors.

Bankia set to ask Spain for more than $19 billion

Fri, 25 May 2012 08:21:02 EDT

Spain's Bankia SA is set to ask the state for a more than 15 billion euros ($19 billion) bailout on Friday, marking another rise in the cost of a drawn-out rescue of the country's fourth-biggest bank.

Interview-New Romania PM eyes tax cuts to boost growth

Fri, 25 May 2012 07:21:02 EDT

Romania's new government will stick to this year's budget plan but aim to combine growth with austerity in 2013 by cutting personal income and sales taxes should it win an election in November, the prime minister said.

John Lewis Sales Defy Dismal UK High Street Mood

Fri, 25 May 2012 04:59:57 EDT

John Lewis online performed particularly well as the department store seen another consecutive week of double-digit sales growth.

Europe slowdown adds more tension to Greek drama

Thu, 24 May 2012 22:21:03 EDT

Europe's economic slowdown has hit the engine-room of the euro zone, including Germany, gloomy new indicators have revealed, adding urgency to the region's struggle to keep Greece's debt crisis from tearing the single currency apart.

Angola: The Bloody 'Democracy' Of An Oil Republic

Thu, 24 May 2012 19:56:15 EDT

As soon as the door opened, 15 men -- armed with pistols, machetes and iron rods -- burst into the house and began beating the young Angolan musicians and activists who were known for protesting against government corruption and the use of violent tactics to suppress political dissent.

Why Silver is a Buy

Thu, 24 May 2012 15:53:05 EDT

Why is Silver so important in today's industrial world? The Fundamentals Today, Silver is used for industrial purposes, decorations photography, and medicine. Its combination of strength, malleability and conductivity makes it a major element, in the commodity market.

Tokyo, Madrid, Istanbul Vie For Olympic (Pot Of) Gold

Thu, 24 May 2012 14:13:03 EDT

Do host cities make money?

Call My Bluff: Greece Dares EU As It Edges Closer To 'Drachmageddon'

Thu, 24 May 2012 12:56:25 EDT

Greece, a country that accounts for less than 2 percent of the union's GDP, continues to wreak havoc among EU leaders as they plead and threaten the Mediterranean basket case to abide by a harsh medicine of tax rises, welfare cuts and liberalization.

UK Falls Into Double-Dip Recession: Report

Thu, 24 May 2012 12:24:53 EDT

The U.K. economy fell into a double-dip recession in the first quarter when GDP shrank 0.3 percent and contracted for the first time since 2009 on an annual basis, according to by the government's Office for National Statistics.

Data Disappoints in Europe, US

Thu, 24 May 2012 10:52:56 EDT

In economic news, the euro data was overwhelmingly negative, which interestingly enough did not propel the euro lower.

Currencies and Commodities Creep Lower

Thu, 24 May 2012 10:50:23 EDT

In 2008, when the financial crisis was taking form, it was the US who sneezed and the world who caught a cold.

BoE's Miles says gilt purchases still effective

Thu, 24 May 2012 10:28:03 EDT

Bank of England policymaker David Miles said on Thursday that he believed that conducting quantitative easing via gilt purchases was still the best way for the central bank to stimulate the economy, rejecting calls to buy other assets.

Euro Struggles As EU Summit Disappoints, Sterling Carving Higher Low?

Thu, 24 May 2012 10:02:12 EDT

The EU Summit failed to prop up the Euro amid the ongoing rift within the group, and we may see European officials continue to act in their own interest as the anti-austerity movement gathers pace. As French President Francois Hollande and Italian Prime Minister Mario Monti press for increased integ...

EU Leaders Warn Greece: Stick To Austerity Or Leave Euro

Thu, 24 May 2012 09:38:53 EDT

Speaking at a summit in Brussels, the heads of Germany and several EU institutions all urged the debt-stricken country to stick to the deeply unpopular tax hikes, labor reforms and welfare cuts that have divided Greece and pushed it to the brink of exiting the currency union.

British recession deepens as euro zone woes mount

Thu, 24 May 2012 09:07:03 EDT

A slump in construction output drove Britain even deeper into recession than initially thought in the first quarter of this year, raising the chance the Bank of England will inject more cash to prop up the faltering economy.

Weaker Euro Zone Economy Sends dollar Higher

Thu, 24 May 2012 08:36:36 EDT

The U.S. dollar climbed to a 20-month high and safe-haven German bonds set record low yields, after data showed Europe's economic woes intensifying as business confidence is undercut by talk of a Greek exit and slow progress in tackling the debt crisis.

UK recession deepens as euro zone woes mount

Thu, 24 May 2012 05:28:02 EDT

Britain fell deeper into recession than first thought in the first quarter of this year after a sharp drop in construction output, raising the likelihood the Bank will need to inject more stimulus to protect the economy from the raging euro zone debt crisis.

UK economy contracted more than expected in Q1

Thu, 24 May 2012 04:49:02 EDT

Economy shrank more than first thought between January and March, after the deepest fall in construction output in three years, while government spending made the biggest contribution to growth, official data showed on Thursday.

Outrage Over Steep Petrol Price Hike: Hilarious Tweets Of Fuming Commoners a.k.a 'Aam Aadmi' (TWEETS)

Thu, 24 May 2012 04:38:38 EDT

Massive outrage flared all over India as the sharpest hike in petrol prices took effect on Thursday.

Majors Daily Forecast 24 May 2012

Thu, 24 May 2012 03:14:03 EDT

EUR/USD Sell at 1.2595 SL 1.2627 TP 1.2518 USD/JPY Sell at 79.56 SL 79.88 TP 78.84 GBP/USD Sell at 1.5699 SL 1.5731 TP 1.5611 USD/CHF Buy at 0.9535 SL 0.9503 TP 0.9619 today so far +56, total yesterday +178 pips.

European Crisis Live: No Deal From Brussels Leaves Investors Guessing on 'Grexit'

Thu, 24 May 2012 02:51:29 EDT

Grexit talk gets real as EU Leaders meet the low expectations set at Brussels dinner summit

EUR/USD Continues Downtrend, Breaking Down 1.26

Thu, 24 May 2012 00:49:02 EDT

On Wednesday Euro/Dollar continued decreasing significantly with 140 pips. The European currency depreciated from 1.2687 to 1.2544 yesterday, matching the negative money flow sentiment at bellow -21%, closing the day at 1.2580. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now.

Australian Dollar Outlook - 05/24/2012

Wed, 23 May 2012 20:26:41 EDT

Bell FX Currency Outlook: The Australian dollar has opened this morning around USD.9760, after trading down to a low of USD0.9690 overnight as European equities followed Asia's lead falling around 2.5%.

Daily Forex Foracast 05/25/2012

Wed, 23 May 2012 19:08:37 EDT

Fears of an impending Greek exit from the euro sent markets into a tail spin yesterday, the euro breaking critical support levels and taking the Australian Dollar down with it.

China To Top US As No. 1 Business Travel Destination: Report

Wed, 23 May 2012 14:04:55 EDT

According to a new report from the Global Business Travel Association, 12- to 15-hour flights to China may soon become the norm for U.S. and European business travelers.

Strong May Car Sales Drive US GDP Growth: Kelley Blue Book

Wed, 23 May 2012 13:53:19 EDT

U.S. auto sales will likely reach a 14.2 million seasonally adjusted annual sales rate in May 2012, the greatest year-over-year gain in more than 12 months, as consumers take advantage of credit and low interest rates to replace aging cars. Moreover, increasing car sales are now a primary driver of U.S. GDP growth, according to a Wednesday report by Kelley Blue Book.

Housing market recovery gains traction

Wed, 23 May 2012 13:42:03 EDT

The U.S. spring home-selling season got off to a strong start in April with rising sales and prices providing evidence that a housing market recovery was gaining some traction.

The Real Crash

Wed, 23 May 2012 13:02:22 EDT

I first came to national attention back in 2008 and 2009 when the housing and credit markets imploded. I became known as the guy that other market "experts" laughed at when I warned of trouble brewing in the seemingly indestructible American economy.

David Cameron's 600,000 Job Creation Claim to Parliament 'Not True'

Wed, 23 May 2012 11:12:58 EDT

Britain's prime minister told David Cameron parliament that 600,000 jobs had been created in the private sector since his coalition government took office in May 2010.

Ailing demand shrinks Greek current account gap

Wed, 23 May 2012 08:21:03 EDT

Greece's current account deficit narrowed by close to a fifth in March, data showed on Wednesday, reflecting a sharp drop in imports as the country's austerity-hit consumers tighten their belts.

Can the Franco-German Partnership That Has Held the EU Together Weather Their Differences Tackling Austerity?

Wed, 23 May 2012 06:23:08 EDT

At the heart of the European Union is a pact that was first formed by two European leaders who were determined to lay to rest for good, the past enmity between their two countries. Konrad Adenauer, Chancellor of West Germany from 1949 to 1963, made his first visit to General de Gaulle, the French President and founder of the Fifth Republic, at his home in Colombey-les-Deux Églises in 1958.

UK Retail Sales Plunge 2.3% in April as Weather Hits Hard

Wed, 23 May 2012 04:40:18 EDT

The retail sales fall wipes out gains made in March and is another sign that the UK is back in recession.

Asian Stock Markets Fall Amid Greek Exit Fears

Wed, 23 May 2012 03:20:30 EDT

Asian stock markets declined Wednesday as renewed concerns of Greece's probable exit from the euro zone dampened sentiment.

Japan’s Trade Deficit Rises In April Amid Increasing Oil And Gas Imports

Wed, 23 May 2012 02:17:40 EDT

Japan reported Wednesday a rise in trade deficit in April compared to a year earlier as the nuclear energy crisis has resulted in the increase of oil and gas imports.

Australia Tops OECD Better Life Index of Industrialised Nations

Wed, 23 May 2012 01:02:15 EDT

Australia ranks as world's happiest nation in OECD Better Life Index - ahead of Norway and US.

Australian Stock Market Report – Midday 5/23/2012

Tue, 22 May 2012 23:27:30 EDT

Yesterday, the Australian share market improved for the second straight day, with The All Ordinaries Index (XAO) up over 49 points to 4,173 points. But in morning trade today the market fell back into the red.

Australian Dollar Outlook - 05/23/2012

Tue, 22 May 2012 20:13:24 EDT

Bell FX Currency Outlook: This morning the Australian dollar is over a US cent lower, currently trading at USD0.9790 after comments about the possibility of Greece leaving the Euro currency resulted in risk aversion trading, and in turn, a fall in the AUD.

Ukraine’s Unexpected Rise in House Prices, Amidst Economic Slowdown and Political Tension

Tue, 22 May 2012 19:21:06 EDT

House prices in Kiev, Ukraine’s capital, rose sharply during the year to April 2012. But market experts doubt this can be sustained, with the economy slowing, and a political crisis over the incarceration of former prime minister Yulia Tymoshenko.

IMF's Christine Lagarde tells UK: 'Growth Too Slow' [NEWS VIDEO]

Tue, 22 May 2012 12:30:32 EDT

The British government and the Bank of England must do much more to stimulate growth in the country's economy, the IMF's Christine Lagarde said.

London Session: Waiting for the EU summit

Tue, 22 May 2012 12:30:16 EDT

Trading in the London Session was choppy with the market unwilling to take any clear direction as we lead up to tomorrow's informal EU summit. The market toyed with the idea of Eurobonds (they like that idea and risk assets may rally tomorrow on any signs they are on the horizon.

Commodities Sink as OECD Cuts Eurozone, China Growth Outlook

Tue, 22 May 2012 10:51:07 EDT

Commodity prices are trading broadly lower in Europe, with investors seemingly taking their risk appetite cues from a downward reversal in S&P 500 stock index futures rather than well-supported regional shares.