Monthly archive December, 2018

India's government named veteran bureaucrat Shaktikanta Das as the new governor of the Reserve Bank of India, following the abrupt resignation of Urjit Patel on Monday. Das, a former economic affairs secretary, has been appointed for a period of three Read More →

A report released by the Commerce Department on Thursday showed a steep drop in new orders for U.S. manufactured goods in the month of October. The Commerce Department said factory orders tumbled by 2.1 percent in October after rising by Read More →

The dollar slipped almost half a percent versusthe euro and the yen on Monday after soft U.S. jobs data simmered expectations that the Federal Reserve will continue with its path of raising interest rates after a highly likely move next Read More →

British construction sector expanded at the fastest pace in four months in November, thanks to an increase in new work and consequent gains in job creation, though Brexit concerns damped expectations for the months ahead. The CIPS construction Purchasing Managers' Read More →

Bank of England Governor Mark Carney on Tuesday defended the central bank's analysis that a no-deal Brexit would cause a severe recession in the UK, the kind not even seen during the global financial crisis a decade ago. Responding to Read More →