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ADB Lowers Asia’s Growth Outlook On Renewed COVID-19 Outbreaks

The Asian Development Bank downgraded the developing Asia's growth outlook as a resurgence of the COVID-19 infections, new virus variants and an uneven vaccine rollout weighed on the economic recovery. In the Asian Development Outlook Supplement, released Tuesday, the growth Read More →

Dollar Pares Some Gains After Climbing To 3-month High

The U.S. dollar strengthened against most of its peers on Tuesday, hitting a three-month high in the process, on safe-haven appeal amid worries the surge in coronavirus variant might dent global economic recovery.Original Article Read More →

UK Budget Deficit Narrows In June

The UK budget deficit narrowed in June as the economy started to recover, yet the borrowing was the second-highest on record for the month, the Office for National Statistics said on Wednesday. The public sector net borrowing decreased GBP 5.5 Read More →

U.S. Housing Starts Spike More Than Expected But Building Permits Unexpectedly Slump

New residential construction in the U.S. showed a substantial increase in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said housing starts spiked by 6.3 percent to an annual rate Read More →

European Economics Preview: Germany Final Inflation Data Due

Final consumer price figures are due from Germany and France on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is slated to issue Germany's final consumer prices for June. Consumer price inflation is Read More →

U.S. Consumer Prices Show Biggest Increase In 13 Years In June

Consumer prices in the U.S. saw the biggest monthly increase in thirteen years in the month of June, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index jumped by 0.9 Read More →