April 24, 2013
US manufacturing growth worst in six months
The US manufacturing sector grew at its slowest pace in six months during April, a survey has suggested. Research firm Markit said the domestic market was the main source of weakness, offset by a rise in export production. Markit's purchasing…
April 24, 2013
IFC’s financing for Indomina supports economic growth & employment in the Dominican Republic
IFC, a member of the World Bank Group, is investing $20 million in the Dominican Republic’s first full-service film and television studio facility to help diversify the country’s economy and generate high-skilled jobs, growth, and tax revenues in…
April 24, 2013
Eurozone output still falling, PMI survey indicates
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April 24, 2013
Tighter rules for mortgage lending agreed by EU
New rules will mean that borrowers across the European Union (EU) will be refused a mortgage if they fail a standard affordability assessment. The European Commission said its new mortgages directive would prevent any repeat of reckless home loan…
April 15, 2013
China economic growth lower than forecast
China, the world's second-largest economy, has seen growth slow in the first three months of this year, latest figures show. The economy grew at an annual rate of 7.7% in the January to March quarter, down from 7.9% in the previous quarter. Most…
April 14, 2013
Portugal and Ireland to be given more bailout repayment time
Portugal and Ireland are to be granted an extra seven years to pay back their emergency bailout loans. The European Union and the IMF bailed out the Republic of Ireland in 2010 and Portugal in 2011. The 17-member group that uses the euro currency…
April 14, 2013
Germany puts brakes on EU bank union
Germany said European banking union will require changes to EU law, in a call that could slow completion of the plan designed to underpin the euro currency. Speaking after a meeting of European Union finance ministers on Saturday, Germany Finance…
April 14, 2013
US retail sales see fall in March
US retail sales fell in March across all sectors, official figures have shown, suggesting that recent tax rises are starting to affect consumers. The US Commerce Department said consumers spent a total of $418bn, a fall of 0.4% on the previous…
April 14, 2013
JP Morgan makes record quarterly profit
JP Morgan has reported record first quarter profits of $6.5bn (£4.2bn) and says there are signs the US economy is "healthy and getting stronger". The bank said it had reported a strong performance across all businesses. Retail banking deposits…
April 14, 2013
IMF recognises Somalia government after 22-year break
The International Monetary Fund has recognised the government of Somalia after a break in relations of 22 years. The move could enable the IMF to provide technical support and policy advice to the impoverished country in the Horn of Africa. However,…