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Taiwan’s economy probably shrank at an unprecedented pace last quarter as exports to the U.S. and China fell and local consumers and businesses cut spending.
Gross domestic product declined 9.26 percent from a year earlier, which would be the biggest slump since official records begin in 1952, following an 8.36 percent drop in fourth […]
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Moody’s Investors Service said it’s unlikely to cut Japan’s debt rating over the next year because investors are willing to buy bonds that will fund stimulus measures and the economy is likely to recover.
“Japan’s economy will improve and the budget deficits should be reduced,” Thomas Byrne, senior vice president of Moody’s, said in […]
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The global economy will start growing next year, said John Lipsky, the International Monetary Fund’s first deputy managing director.
“Our world economic outlook anticipates a return to global expansion by next year,” Lipsky said in Tokyo today. “However, the recovery is likely to be more gradual than in past recessions.”
Confidence in the global […]
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The European Bank for Reconstruction and Development’s board of governors is willing to discuss raising capital, Board Chairman Brian Lenihan said, as the global crisis means more banks and businesses in former communist states need loans and investment.
“The governors of the bank expressed broad openness to discuss enhanced capital needs of the EBRD,” […]
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U.K. repossessions by mortgage lenders jumped by 51 percent in the first quarter from a year earlier as the recession deepened, the Council of Mortgage Lenders said.
Repossessions climbed to 12,800, compared with 8,500 in the same quarter in 2008, the group, which represents home-loan providers, said in an e-mailed statement today. The reading […]
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Confidence in the global economy jumped to the highest level in 19 months as central bankers pointed to signs of a revival and stress tests on U.S. lenders reassured investors, a Bloomberg survey of users on six continents showed.
The Bloomberg Professional Global Confidence Index climbed to 38.72 in May from 21.2 in April, […]
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Individual investors in Japan increased bets to the highest in six months that the yen will weaken as the economy stabilizes, jumping back into a trade that was all but wiped out last year.
Businessmen, housewives and pensioners held 153,326 margin contracts at the end of last month that will make money if the […]
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China’s consumer prices fell for a third month on food and commodities, aiding government efforts to boost spending in the world’s third-biggest economy.
Prices dropped 1.5 percent in April from a year earlier, after falling 1.2 percent in March, the statistics bureau said today. The median estimate in a Bloomberg News survey of 21 […]
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Nyasha Kuwana won’t be taken in by signs of recovery in Britain’s battered housing market.
“I think the market may get worse,” said Kuwana, a 29- year-old insurer who put off her search for a one-bedroom flat in West London earlier this year. “I will be no worse off buying in six months.”
A […]
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The Czech central bank cut the benchmark interest rate to a record low of 1.5 percent, signaling the bank expects a sharper economic contraction than it forecast will damp inflation.
The Prague-based Ceska Narodni Banka lowered the two-week repurchase rate a quarter-point from 1.75 percent. It was the fifth reduction since June 2008, when […]
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