For the U.S. Federal Reserve, the rebound in the Institute for Supply Management's services index last month bolsters the central bank's case that the economy will strengthen in the second half of the year. A surge in new orders helped the index hit 56 …

But it was the boom among businesses in the UK, the world's seventh biggest economy, that was most eye-catching. "It's another storming PMI," said Victoria Clarke, economist at Investec. The Markit/CIPS services PMI leapt to 60.2 in July from 56.9 in …

In absolute terms it is still expected that Asian growth will outstrip the debt-laden economies of Europe, but the speed with which the tables are being turned is surprising to all and is already forcing investors to rethink their global asset …

Stephen D. King may not be the author of “The Shining” or “Carrie,” but that doesn't mean his new book doesn't offer a vision of a world with more, er, Misery. King, the chief economist of HSBC, argues in “When the Money Runs Out: The End of Western …

We maintain our expectations for growing external account imbalances to drive a devaluation of the hryvnia by the end of the year.Additionally, Ukraine's GDP per capita is expected to remain one of the lowest in Europe over the … Also, the recent …

This phenomenom is just the expected and mooted result of GBP competitive devaluation that was aimed – amongst other things – at preventing the London and UK housing market from crashing. Indeed, very little UK-based new investors would come and …

The provincial budgets were more palatable as there was a clear competitive display between them and at least the figures did not show too much of a deterioration in terms of taxes and duties. Similarly the circular debt issue was highlighted as being …

Some components of our business have gross margins less than this, such as our significant service business and distributed products, while achieving this target requires products with very competitive cost structures or highly differentiated products …

A deep recession, wage cuts and ample spare capacity combine to exert downward pressure on prices, setting in motion an internal devaluation process that could render the country's economy more competitive. But Greece's EU/IMF lenders said that prices …