31 August, 2014 by The TZ Newswire Staff Comments Off on Retreat in China’s PMIs heightens calls for policy easing
Retreat in China’s PMIs heightens calls for policy easing
Growth in China’s vast factory sector cooled in August as foreign and domestic demand slowed, two surveys showed on Monday, spurring new calls for more policy easing to prevent the economy from stumbling once more. A purchasing managers’ index (PMI) published by the National Bureau of Statistics fell from a 27-month high to 51.1 in August, slightly less than forecast as factories shed jobs for at least the 24th consecutive month.
31 August, 2014 by The TZ Newswire Staff Comments Off on Does France Need A 21st Century Revolution?
Does France Need A 21st Century Revolution?
Submitted by Saxobank’s Steen Jakobsen via TradingFloor.com,
French President François Hollande unveiled his new government under Prime Minister Manuel Valls on August 26, and there have been a few changes. While most senior ministers have retained their positions, economic minister Arnaud Montebourg was replaced by Emmanuel Macron, a former investment banker and economic adviser at the Elysée.
31 August, 2014 by The TZ Newswire Staff Comments Off on Chinese twin PMIs confirm factory downturn
Chinese twin PMIs confirm factory downturn
The pace of activity in Chinese factories slowed in August, the release of a pair of official purchasing managers’ indexes (PMI) on Monday confirmed.
31 August, 2014 by The TZ Newswire Staff Comments Off on Middle-East ‘Frenemies’
Middle-East ‘Frenemies’
The enemy of your enemy is your… frenemy; and so it is across the Middle East as the WSJ notes the spread of The Islamic State has united many parties once at odds with each other to become ‘strange bedfellows‘.
Strange Bedfellows
Parties that display friction or outright aggression toward one another are finding themselves aligned in a desire to counter Islamic State.
Groups of colored lines between parties represent shared interests.
31 August, 2014 by The TZ Newswire Staff Comments Off on UK manufacturing growth cools as export orders slip: EEF
UK manufacturing growth cools as export orders slip: EEF
Britain’s main manufacturing trade association trimmed its growth forecast for 2014 on Monday after its members reported the first fall in export orders since early 2013. The EEF association said its quarterly survey of members showed slowing growth in output and new business over the last three months, and cut its forecast for factory output growth in 2014 to 3.3 percent from 3.5 percent.
31 August, 2014 by The TZ Newswire Staff Comments Off on Libya May Be Focus Of Major Rift Between US And Regional Allies
Libya May Be Focus Of Major Rift Between US And Regional Allies
Submitted by Defense & Foreign Affairs via OilPrice.com,
It had become clear by late August 2014 that Libya could no longer be seen as a unified state; at best it was in two parts, even with the communal leaderships of both sides professing a desire to resume national unity. By late August 2014, the country had two parliaments: one elected by the Libyan people, and the other given legitimacy solely by foreign support.
31 August, 2014 by The TZ Newswire Staff Comments Off on Euro hamstrung by Ukraine worries, dollar up
Euro hamstrung by Ukraine worries, dollar up
The euro slipped to a fresh one-year low early on Monday as the situation in Ukraine worsened.