30 July, 2014 by The TZ Newswire Staff Comments Off on Q2 GDP Surges 4%, Beats Estimates Driven By Inventories, Fixed Investment Spike; Historical Data Revised
Q2 GDP Surges 4%, Beats Estimates Driven By Inventories, Fixed Investment Spike; Historical Data Revised
Moments ago the Commerce department reported Q2 GDP which blew estimates out of the water, printing at 4.0%, above the declining 3.0% consensus, as a result of a surge in Inventories and Fixed Investment, both of which added over 2.5% of the total print, while exports added another 1.23% to the GDP number. The full breakdown by component is shown below.
30 July, 2014 by The TZ Newswire Staff Comments Off on Putin jeopardizes Russian firms’ access to $600 billion
Putin jeopardizes Russian firms’ access to $600 billion
Escalating European Union and U.S. sanctions jeopardize access to funding for Russian companies, threatening to cut them off from international capital markets that have provided at least $600 billion in debt and equity financing since the country emerged from its 1998 default.
30 July, 2014 by The TZ Newswire Staff Comments Off on Amazon to invest $2 billion more in India
Amazon to invest $2 billion more in India
Amazon.com Inc (AMZN.O) on Wednesday said it will invest a further $2 billion in India just a day after the country’s largest e-tailer Flipkart attracted $1 billion of fresh funds, raising the stakes in a nascent but fast-growing e-commerce sector. Amazon, which opened its Indian website in June last year, has drawn up the battle lines by slashing prices, launching same-day delivery, adding new product categories and embarking on a high-voltage advertisement campaign.
30 July, 2014 by The TZ Newswire Staff Comments Off on U.S. economy seen regaining muscle in second quarter
U.S. economy seen regaining muscle in second quarter
U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year. Gross domestic product likely grew at a 3.0 percent annual rate after shrinking at a 2.9 percent pace in the first quarter, according to a Reuters survey of economists. “I don’t think the contraction we saw in the first quarter is reflective of what’s truly going on in the economy,” said Gus Faucher, senior economist at PNC Financial Services Group in Pittsburgh.
30 July, 2014 by The TZ Newswire Staff Comments Off on China’s investors go on global property buying spree in first-half
China’s investors go on global property buying spree in first-half
China’s institutional investment in property overseas rose 17 percent in the first six months of this year, with residential investment surging 84 percent, real estate services firm Jones Lang LaSalle (JLL) said on Wednesday. The gains come as Chinese investors pursue opportunities outside their home turf, where the outlook for the real estate sector is overshadowed by issues such as tight financing and high inventories which are weighing on prices.
30 July, 2014 by The TZ Newswire Staff Comments Off on Obama prods Congress to fix corporate loopholes
Obama prods Congress to fix corporate loopholes
President Barack Obama is prodding Congress to close corporate tax loopholes and take other action before going on summer break this week instead of trying to sue him. House Republicans are poised to vote …
30 July, 2014 by The TZ Newswire Staff Comments Off on China July official PMI seen hitting eight-month high
China July official PMI seen hitting eight-month high
Activity in China’s vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures. China’s official manufacturing purchasing managers’ index (PMI) is expected to rise to 51.4 in July, up from June’s 51, according to the median forecast of 24 economists in a poll.