LONDON – Bank of England policymakers remain split on raising interest rates, voting 7-2 at their last meeting to maintain a record low rate of 0.5 percent amid increasing pessimism about the global economy. Minutes from the meeting held Oct. 7-8 …
Emerging economies, not the U.S., drove global growth for much of the last decade. Now, many of those markets—Brazil, Russia and South Africa, for example—are slumping and relying on the U.S. for growth. Together, they represent a global economy that …
The most problematic economic indicator in China may be gross domestic product itself. Though economists say the data broadly are improving, the numbers do not always seem to add up. For example, the combined GDP reported by each of China's …
Despite a stronger U.S. dollar and forecasts of slowing global economic growth that shook financial markets this month, Federal Reserve officials won't likely change their outlooks on the U.S. economy as they prepare for their policy meeting next week.
But the health of China, for decades an engine of growth, has emerged as one of the most significant wild cards in the global economy. It is hard to be certain just exactly how the Chinese economy is faring, given mixed signals in the data. Chinese …
Oct. 20 (Bloomberg) — On today's “The Agenda,” Tom Keene, Adam Johnson and Scarlet Fu look at trending news stories and the Twitter question of the day. HSBC's Stephen King and Harris Associates' David Herro also speak on “Bloomberg Surveillance.
In his 2013 book The Age of Oversupply, Westwood Capital's Dan Alpert argued the global economy is suffering an oversupply of labor, capital and productive capacity relative to demand. He called it a "reverse supply shock." The book featured a number …
A fresh batch of eurozone data out next week is likely to confirm that the economy is slowing, with both consumer confidence and flash PMIs forecast to have slumped in October. In the U.K., third-quarter GDP figures and minutes from the Bank of England …
CALGARY Alberta (Reuters) – Brent crude fell on Monday, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's four-year low. U.S. crude hovered below $83 a barrel.