As oil production swells, demand falters and prices slide, the global oil market appears on the verge of a pivotal shift from an era of scarcity to one of abundance. Oil prices have fallen as much as 20 percent since June, despite a host of rising supply risks, leading more investors and traders …
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As oil prices tank, new era of abundance seen dawning
As oil production swells, demand falters and prices slide, the global oil market appears on the verge of a pivotal shift from an era of scarcity to one of abundance. Oil prices have fallen as much as 20 percent since June, despite a host of rising supply risks, leading more investors and traders …
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As oil prices tank, new era of abundance seen dawning
U.K. industrial production was unchanged in August as shutdowns at some North Sea facilities sent oil and gas extraction down 1.7 percent. The industrial output figure, published by the Office for National Statistics Office in London today, matched the median forecast of economists in a Bloomber…
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U.K. August Industrial Production Stalls as Oil and Gas Drops
U.K. industrial production was unchanged in August as shutdowns at some North Sea facilities sent oil and gas extraction down 1.7 percent. The industrial output figure, published by the Office for National Statistics Office in London today, matched the median forecast of economists in a Bloomber…
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U.K. August Industrial Production Stalls as Oil and Gas Drops
British lenders expect mortgage lending to bounce back sharply in the final three months of 2014 after a recent severe slowdown in lending, a Bank of England survey showed on Tuesday. The BoE’s quarterly survey of lenders suggests the slowdown in mortgage lending and house price growth seen…
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Bank of England survey shows lenders see mortgage lending rebound
British lenders expect mortgage lending to bounce back sharply in the final three months of 2014 after a recent severe slowdown in lending, a Bank of England survey showed on Tuesday. The BoE’s quarterly survey of lenders suggests the slowdown in mortgage lending and house price growth seen…
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Bank of England survey shows lenders see mortgage lending rebound
•Total production output increased by 2.5% in August 2014 compared with August 2013. There were increases in two of the main sectors, with manufacturing output being the largest contributor, increasing by 3.9%. …
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UK Index of Production, August 2014
•Total production output increased by 2.5% in August 2014 compared with August 2013. There were increases in two of the main sectors, with manufacturing output being the largest contributor, increasing by 3.9%. …
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UK Index of Production, August 2014
New York City’s Waldorf Astoria hotel is set to become the biggest prize yet for buyers from China who have been pouring money into U.S. real estate as they seek stable investments outside their country. Beijing’s Anbang Insurance Group Co. agreed to pay $1.95 billion for the 1,232-room tower on …
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Waldorf to Be Biggest Chinese Property Purchase in U.S.
New York City’s Waldorf Astoria hotel is set to become the biggest prize yet for buyers from China who have been pouring money into U.S. real estate as they seek stable investments outside their country. Beijing’s Anbang Insurance Group Co. agreed to pay $1.95 billion for the 1,232-room tower on …
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Waldorf to Be Biggest Chinese Property Purchase in U.S.
Swiss consumer prices fell 0.1 percent from a year ago in September and were 0.1 percent higher compared with the previous month, the Federal Statistics Office said on Tuesday. CONSUMER PRICE INDEX SEPTEMBER AUGUST SEP…
Swiss consumer prices fell 0.1 percent from a year ago in September and were 0.1 percent higher compared with the previous month, the Federal Statistics Office said on Tuesday. CONSUMER PRICE INDEX SEPTEMBER AUGUST SEP…
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Swiss CPI falls 0.1 pct yr/yr in Sept
The Swiss National Bank’s foreign exchange reserves rose in September, data showed on Tuesday. The SNB held 462.194 billion Swiss francs in foreign currency at the end of September, compared with 453.875 billion francs in August, revised from an originally reported 453.799 billion, preliminary d…
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SNB forex reserves up in September
China’s government removed tens of thousands of “phantom employees” from state payrolls amid a campaign by President Xi Jinping to crack down on corruption and eliminate waste. A total of 162,629 employees who had continued to draw salaries after leaving their posts were cleared out of central a…
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China Cuts Thousands of ‘Phantom’ Workers From State Payroll
Presser underway; virtuous cycle working in Japan’s economy; sees weakness in economy, particularly in production; corp sentiment at favourable level; expects production to recover moderately;
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BOJ’s Kuroda says economy is gradually recovering
GBPUSD now posting new highs since Friday’s fall with a break of 1.6100 triggering stops to 1.6117. Currently 1.6107; I’ve been square since finishing here yesterday after 1.6000 held and keeping my powder dry since. Will see what happens here for possible re-entry to short; EURGBP been down t…
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Proud pound marches higher
German industrial production (GRIPIMOM) fell more than economists forecast in August in the latest sign that the outlook for Europe’s largest economy is deteriorating. Production, adjusted for seasonal swings, dropped 4 percent from July, when it expanded 1.6 percent, the Economy Ministry in Berl…
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German Industrial Output Drops Most Since 2009 in August
In August 2014, production in industry was down by 4.0% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In July 2014, an increased a revised 1.6% from June 2014. Production in industry excluding…
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German Production in August 2014 down a seasonally adjusted –4.0% on the previous month
The leading index for Japan decreased as expected in August, preliminary figures from Cabinet Office showed Tuesday. The leading index fell to 104 in August from 105.4 in July. This was in line with the consensus estimate. The latest reading was the lowest since January 2013. The coinciden…
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Japan Aug Leading Index Falls As Expected
The Bank of Japan maintained its record stimulus as the yen traded near a six-year low and economists pushed back forecasts for further monetary easing. The central bank kept its pledge to increase the monetary base at an annual pace of 60 trillion yen to 70 trillion yen ($643 billion), it said i…
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BOJ Keeps Policy Unchanged With Yen Near Six-Year Low
