September 10, 2015
Global food prices fall at fastest rate in seven years
Last month saw a 5.2% fall in global food prices, the biggest drop in seven years, according to the UN. Its Food and Agriculture Organization (FAO) saw monthly falls in all major commodities, from milk and vegetables to oils, sugar and cereals. Food…
September 7, 2015
Toshiba posts $318m full-year loss
Troubled Japanese conglomerate Toshiba has posted a net loss of 37.8bn yen ($318m; £209.3m) for the year to March. The delayed result follows the sale of its stake in Finnish firm Kone, in a bid to bolster its bottom line amid a recent accounting…
September 4, 2015
US economy adds 173,000 jobs in August
The US added 173,000 jobs in August, the Department of Labor said on Friday, in the last unemployment report before September's interest rate decision by the Federal Reserve. That was below the 217,000 predicted by analysts, although the Labor…
September 3, 2015
ECB cuts growth and inflation outlook
The European Central Bank (ECB) has cut its inflation and growth forecasts for 2015 and the next two years. It expects inflation in the eurozone to remain "very low" for some years as threats to economic growth increase. ECB president Mario Draghi…
September 1, 2015
Global stock markets hit by weak Chinese data
Renewed fears over growth in China have hit global stock markets, with the main indexes falling sharply. Wall Street traded sharply lower, with the Dow Jones down more than 300 points, or 1.9%, at 16,215. European markets also fell, with the UK's…
August 31, 2015
India Economy Slowly Growing
India's economy grew at an annual rate of 7% between April and June, official figures have shown. This is slower than the 7.5% growth recorded for the previous quarter, and lower than expected. India and China - which also posted 7% growth in the…
August 26, 2015
A Possible Slower Global Growth Rate Says William Dudley
Federal Reserve official, William Dudley, has said that a rate rise in September now "seems less compelling" than it was a few weeks ago. New York Fed president Mr Dudley said economic turmoil in China had made the case for a rate rise harder to…
August 25, 2015
China Tries To Boost Growth in Its Economy
China has cut its main interest rate to boost growth in its economy. The People's Bank of China cut its main interest rate by 0.25 percentage points to 4.6% in an effort to calm stock markets after two days of turmoil. It is the fifth interest rate…
August 24, 2015
South Africa Currency Falls
South Africa's currency has fallen to an all-time low against the US dollar. It briefly hit a rate of 14 to the dollar amid concerns about the strength of the Chinese economy, reports the Reuters news agency. Economies that rely on the sale of…
August 20, 2015
Global economy woes spark share falls
Shares and oil prices around the world have seen further falls, sparked by renewed fears over the health of the global economy. In China, the authorities intervened again on the stock market to little effect. Shares in Shanghai fell 1.5%. And in…