Economic Highlights
June 7, 2018 United States: Fed on Track to Raise Rates Regardless of Emerging-Market Woes Emerging markets struggling with higher U.S. interest rates are likely to get little sympathy from the Federal Reserve. Currencies of such nations have been hammered in a spreading selloff amid worries that their economies won’t cope with higher U.S. borrowing
June 6, 2018 United States: Fed Hikes Augur Well for the World, South Africa's Kganyago Says The Federal Reserve tightening monetary policy is a sign that the U.S. economy is doing well, and that’s positive for the rest of the world, South African central bank Governor Lesetja Kganyago said. The Fed has communicated its monetary-policy
June 05, 2018 The International Monetary Fund (IMF) hosted the Central Bank Communication seminar today. This seminar was based on recently released Regional Economic Outlook (REO) for the Western Hemisphere region, which was presented by Etibar Jafarov, IMF’s Senior Economist for the Western Hemisphere. Mr. Jafarov explained that a Country’s Central Bank credibility reflected by
June 5, 2018 The U.S Bureau of Labor Statistics revealed that the number of job openings was little changed at 6.7 million on the last business day of April. Over the said month, there were little change in the number of hires and separations which amounted to 5.6 million and 5.4 million respectively. However, within
June 5, 2018 United States: These Shiny Economic Numbers May Be a Mirage Friday was another strong day for U.S. economic data, with the unemployment rate falling to a new generational low. But hidden in another dataset from Friday, the widely followed Institute for Supply Management manufacturing report, is some evidence that economic bottlenecks may
June 4, 2018 According to Eurostat, the statistical office of the European Union, in April 2018, compared with April 2017, industrial producer prices rose by 2.0% in the euro area and by 2.4% in the EU28; while in March 2018, prices increased by 0.1% in both zones. For the month of April 2018, however, industrial
June 4, 2018 United States: Stocks Extend Gain on Growth Outlook; Dollar Drops: Markets Wrap U.S. equity futures and European stocks advanced on Monday, tracking peers in Asia as optimism over the world’s largest economy helped investors put protectionist fears to one side. Treasuries were steady, the dollar fell, and the pound and euro rose.
June 01, 2018 Government Operations Results for April 2018 For the period of April 2018, the GOJ reported Total Revenues & Grants of $41.41 billion, $553.30 million more than the Government’s projection. Furthermore, year over year, this represents an increase of approximately 20.6% relative to the $34.35 billion recorded for the corresponding period in 2017.
Date: June 1, 2018 General Accident Insurance Company Limited (GENAC) Annual Meeting was held today June 1, 2018. For the financial year in review, the Company had a disappointing year closing with an underwriting loss in for the first time in recent years. Despite the underwriting performance, Gross premium moved up from $5.65 billion in
June 1, 2018 United States: Fed’s Brainard Says Gradual Rate Hikes Remain ‘Appropriate Path’ A strong fiscal boost to the U.S. economy at a time of low unemployment suggests a gradual pace of interest-rate increases remains “the appropriate path” to prevent growth from overheating, Federal Reserve Governor Lael Brainard said. “Continued gradual increases in the
