The prospect of stronger European manufacturing surveys and decisive monetary easing in Japan this week ought to bolster confidence that the global economy can look forward to better days. It is definitely not yet time to break open the champagne. The index derived from polls of purchasing managers across the […]
Tag: Japan
Japan Cuts Growth Estimate for Second Quarter to 0.7% From 1.4%
Japan‘s economy expanded in the second quarter at half the pace the government initially estimated, underscoring the risk of a contraction as Europe’s debt crisis caps exports. Gross domestic product grew an annualized 0.7 percent in the three months through June, the Cabinet Office said in Tokyo today, less than […]
Bank of England says took Geithner Libor views on board
The Bank of England confirmed on Friday it had received U.S. recommendations to overhaul the Libor benchmark at the heart of a global rate-rigging scandal, saying it had passed them on to the banking group responsible for the rate. Documents obtained by Reuters earlier on Friday showed that U.S. Treasury […]
