The International Monetary Fund on Monday sharply lowered its U.S. economic growth forecasts for this year from the perviously predicted 2.8 percent to 2 percent due to a weak first quarter.
Jun 172014
XINHUANEWS
Jun 172014
The U.S. dollar dropped versus most other currencies as traders awaited clues from the Federal Reserve’s two-day meeting starting from Tuesday.
Jun 172014
The British pound Monday traded above 1.70 against U.S. dollars for the first time since August 2009 after Charlie Bean, deputy governor of Bank of England (BoE), said an increase in interest rates would be a sign the economy was returning to normal.
Jun 172014
The Swedish central bank, Riksbank, said on Monday that economic activity had strengthened since January this year in Sweden.
Jun 142014
Chang’an Automobile started to recall 37,861 Eulove vehicles in China on Friday to fix a battery defect, the country’s consumer quality watchdog said.
Jun 132014
Sri Lanka is expected to post the strongest economic growth in South Asia in 2014, hitting 7.2 percent, according to a Word Bank’s latest report on Thursday.
Jun 122014
Profitability among South Korean exporters continued to worsen last month as export prices fell for three straight months amid the local currency’s ascent to the U.S. dollar, central bank data showed Thursday.
Jun 112014
The British economy is growing with strong momentum, according to a forecast released Tuesday by a leading economic think tank.
Jun 102014
The U.S. dollar advanced against most major currencies Monday, continuously benefited from the upbeat U.S. non-farm payroll report released last week.
Jun 092014
Foreign direct investment (FDI) in the services sector declined by 54 percent year-on-year to 2.22 billion U.S. dollars in the fiscal year 2013-14 in India, said the government on Sunday.