Monthly archive June, 2019

Amid growing concerns escalating global trade tensions could spark a recession, Federal Reserve Chairman Jerome Powell has pledged the central bank will take appropriate actions to sustain the U.S, economic expansion. Powell mentioned recent developments involving trade negotiations and other Read More →

U.S. economic growth in the first quarter accelerated by slightly less than initially estimated, according to revised data released by the Commerce Department on Thursday. The Commerce Department said real gross domestic product surged up by 3.1 percent.Original Article Read More →

After reporting a sharp increase in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Thursday showing pending home sales unexpectedly pulled back in the month of April.Original Article Read More →

Uncertainty surrounding the UK leaving the European Union has significantly hurt the business morale in Europe since November, and a clear divide between the East and the West has emerged in terms of global business confidence, results of a survey Read More →

The U.S. dollar moved in a very tight range on Thursday, but managed to hold above the flat line for much of the session, as worries about global growth lingered due to the ongoing trade spat between the U.S. and Read More →

Industrial production in South Korea climbed a seasonally adjusted 1.6 percent on month in April, Statistics Korea said on Friday - down from 2.1 percent in March.Original Article Read More →