The central bank keeps its monetary powder dry as it gambles that the government’s other policy initiatives will kickstart the struggling economy
The Bank of Japan has held off expanding its massive monetary stimulus programme, preferring to keep its powder dry in the hope that the economy can overcome the drag from China’s slowdown without extra support.
Related: The golden age of central banks is at an end – is it time for tax and spend?
Related: Why China’s interest rate cut may be bad news for the world economy
Separate surveys find October sales undershot expectations, while shoppers are more uncertain on whether it is a good time for major purchases
Worries about a global downturn have knocked consumer confidence with retail sales losing momentum over recent weeks, according to the latest reports signalling a slowdown in the UK economy.
October marked a five-month low on a barometer of consumer mood from the market research group GfK, while a separate survey of retailers by the business group CBI showed sales had undershot expectations following a strong September.
Related: GDP growth in the UK slows more than expected to 0.5%
How mobile is flourishing in Myanmar
Standard & Poor’s warns country would be downgraded one notch on leaving, which could double if relations with Brussels sour
Britain’s credit rating could be cut by as much as two notches if it leaves the European Union, according to Standard & Poor’s, the only big ratings agency to still give Britain the top ranking.
A vote to quit the EU would be likely to result in a one-notch downgrade, which could be increased to two notches if relations between London and Brussels deteriorated significantly, the agency’s chief sovereign rating officer told Reuters in an interview.
Gross domestic product increases at 1.5% annual rate after expanding at 3.9% in second quarter, as businesses reduced restocking warehouses
US economic growth cooled in the third quarter despite a pick-up in consumer spending as a glut on inventory led to businesses cutting back on restocking warehouses.
Gross domestic product (GDP) – the broadest measure of economic health – increased at a 1.5% annual rate, a significant drop from the 3.9% annual growth of the second quarter, the Commerce Department said on Thursday. The main drag came from businesses stockpiling inventory, however, and economists expect growth to improve in the fourth quarter.
Related: Federal Reserve keeps interest rates unchanged but hints at December rise
How important is it to have engineers and technologists at the helm of industrial companies, rather than professionals from less robust disciplines such as accountancy or marketing? After all, isn’t this precisely why Germany, the European Union’s poster child, has managed to sustain a highly successful manufacturing sector when so […]
Approved by the House of Representatives on October 28th, 2015, the “Bipartisan Budget Act of 2015,” contains language that will reduce potential Social Security benefits for millions of Americans. In fact, it will effectuate the single largest change to Social Security since the Citizens Freedom to Work Act of 2000, […]
My colleague, Frances Coppola, and I are having a back and forth on how, or how not, the sharing economy contributes to economic growth. All most fun including the usual taunting in Twitter and so on. My original piece is here and the response from Frances is here. The latest […]
Business leaders need to recognize that cloud applications do not exist in isolation and will need to be integrated with other cloud and on-premises applications,