1 September, 2015 by The TZ Newswire Staff Comments Off on Q2 2015 Italian GDP final 0.3% vs 0.2% exp q/q
Q2 2015 Italian GDP final 0.3% vs 0.2% exp q/q
Final GDP numbers from Italy for Q2 2015
– Flash 0.2%. Q1 0.3%
– 0.7% vs 0.5% prior
1 September, 2015 by The TZ Newswire Staff Comments Off on July 2015 Eurozone unemployment rate 10.9% vs 11.1% exp
July 2015 Eurozone unemployment rate 10.9% vs 11.1% exp
Details of the July 2015 Eurozone unemployment rate data report 1 September 2015
– Prior 11.1%
Despite the negativity this is good news for the Eurozone
1 September, 2015 by The TZ Newswire Staff Comments Off on China manufacturing contracts, Korea exports slump as Asia’s woes deepen
China manufacturing contracts, Korea exports slump as Asia’s woes deepen
BEIJING/SEOUL (Reuters) – China’s giant manufacturing sector contracted and exports from South Korea tumbled by the most in six years in August, rattling Asian markets on Tuesday and reinforcing expectations that policymakers will need to ease policy further. Manufacturers across Asia struggled last month, a series of surveys showed, denting hopes of a pick-up in the second half of the year as the region tries to fire its traditional growth engine of exports.
1 September, 2015 by The TZ Newswire Staff Comments Off on Calpers, Calstrs oppose joint CEO-chairman role at Bank of America
Calpers, Calstrs oppose joint CEO-chairman role at Bank of America
The California Public Employees’ Retirement System (Calpers) and the California State Teachers’ Retirement System (Calstrs) sent a letter on Monday to the bank’s lead director, Jack Bovender, saying that the roles of CEO and chair of the board have inherent conflicts which require the two posts to be separate. The funds wrote that since Moynihan was appointed CEO, the bank has underperformed and that it needs stronger, more independent oversight and not less.
1 September, 2015 by The TZ Newswire Staff Comments Off on IMF’s Lagarde sees weaker-than-expected global economic growth
IMF’s Lagarde sees weaker-than-expected global economic growth
Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations. IMF Managing Director Christine Lagarde also warned emerging economies like Indonesia to “be vigilant for spillovers” from China’s slowdown, tighter global financial conditions, and the prospects of a U.S. interest rate hike.
1 September, 2015 by The TZ Newswire Staff Comments Off on Euro zone factory growth eases in August despite modest price rises – PMI
Euro zone factory growth eases in August despite modest price rises – PMI
Euro zone manufacturing growth eased last month, despite factories barely raising prices, adding to the European Central Bank’s woes as it battles to spur expansion and inflation, a survey showed. Markit’s final manufacturing Purchasing Managers’ Index was 52.3 last month, below an earlier flash reading that suggested it had held steady at July’s 52.4. “By nation, the Netherlands, Italy and Ireland remained the most impressive performers,” said Rob Dobson, senior economist at Markit.
1 September, 2015 by The TZ Newswire Staff Comments Off on Spain is best example that Europe is doing things right: Schaeuble
Spain is best example that Europe is doing things right: Schaeuble
German Finance Minister Wolfgang Schaeuble said on Tuesday that Spain’s economic development showed that the euro zone was tackling its crisis well. “Spain is the best example that we’ve done a lot …