11 July, 2016 by The TZ Newswire Staff Comments Off on IKEA backtracks on Malm recall in China, after stinging media criticism
IKEA backtracks on Malm recall in China, after stinging media criticism
IKEA will recall its Malm dressers in China, the consumer watchdog said, just days after the company was accused of “double standards.”
11 July, 2016 by The TZ Newswire Staff Comments Off on Data coming up in this session 12 July
Data coming up in this session 12 July
Your economic data/events calendar for today 12 July 2016
Greetings one and all.
Final German CPI the data highlight plus BOE’s Carney appearing before lawmakers in his guise as head of financial stability. Minutes from last BOE FPC meeting also due at 08.30 GMT
11 July, 2016 by The TZ Newswire Staff Comments Off on BOJ quarterly household sentiment survey shows lower expectations of inflation a year ahead
BOJ quarterly household sentiment survey shows lower expectations of inflation a year ahead
Bank of Japan quarterly household sentiment survey 12 July 2016
– expectations fall to 72.4 from 75.7 in March, lowest reading since Dec 2012
– household confidence in the economy survey -27.3 vs -22.5 prev
Adding further reason/excuse for more economic stimulus.
11 July, 2016 by The TZ Newswire Staff Comments Off on RBA’s Ellis doesn’t expect much overall impact on Australian banks from sovereign downgrade
RBA’s Ellis doesn’t expect much overall impact on Australian banks from sovereign downgrade
Reserve Bank of Australia’s head of financial stability Luci Ellis on the wires 12 July 2016
– downgrades for AAA rated countries tend not to have much impact as markets would have already priced in the risk
Last week’s sovereign ratings outlook downgrade to negative by S&P given the brush off by Ellis in the Q&A following her earlier
11 July, 2016 by The TZ Newswire Staff Comments Off on Live: Global stocks enter rally mode, take cue from Wall Street
Live: Global stocks enter rally mode, take cue from Wall Street
Our live blog is tracking reactions as stocks across the board rally on expectations of more stimulus from global policymakers.
11 July, 2016 by The TZ Newswire Staff Comments Off on Japan tertiary industry index May mm -0.7% vs -0.7% exp
Japan tertiary industry index May mm -0.7% vs -0.7% exp
Japan May tertiary industry index report 12 July 2016
– +0.7% prev revised down from +1.4%
The Tertiary Industry Index measures the change in the total value of services purchased by businesses. It is a leading indicator of economic health.
11 July, 2016 by The TZ Newswire Staff Comments Off on South China Sea outcome unlikely to defuse tensions
South China Sea outcome unlikely to defuse tensions
Tensions in the South China Sea will continue to run high no matter the outcome of the Permanent Court of Arbitration, an analyst says.