|Weekly Review of Headlines|
The slump in oil prices is unlikely to boost the world economy until interest rates start to rise — by which time the commodity may have recovered somewhat anyway, the International Monetary Fund (IMF) said on Thursday…Read More
Britain’s biggest companies could face a credit downgrade – potentially forcing up their borrowing costs – should the UK vote to leave the EU in June, according to a report by a leading ratings agency…Read More
Germany’s economic growth gained momentum during the first three months of the year due to stronger industrial output and higher private consumption, the finance ministry said.
Japan’s government lowered its assessment of the economy in March for the first time in five months due to weakness in consumer spending, a move likely to reinforce views that more fiscal stimulus will be needed to keep the economy growing.
The governor of Russia’s central bank, Elvira Nabiullina, said on Thursday that Russia’s key rate would be cut as inflation and inflation risks fall.
An oil shock may be lurking around the corner as the price bust has hammered investment in future supply, according to the International Energy Agency.
Eastern European shares tumbled around 1 percent on Tuesday and emerging currencies weakened after blasts in Brussels sent Western bourses lower and supported the dollar.
European stocks slumped for a fourth straight day, with commodity shares dropping as the U.S. dollar continued to march higher.
The dollar’s rally began in the Asia trading, pressuring crude-oil prices which are denominated in dollars.
China has enough policy tools to keep the economy stable despite “deep rooted” structural problems and downward pressure, Premier Li Keqiang said on Thursday, channeling calm amid concerns about the country’s slowdown.
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