Economy

File photo of an employee counting U.S. dollar banknotes as yuan banknotes are seen at a branch of the Industrial and Commercial Bank of China in Huaibei

From Politics & Policy 12:55 am

Australian Dollar Outlook - 19 June 2013

Bell FX Currency Outlook: The RBA minutes released yesterday leaves the door open to further cuts in interest rates.

From Economy 12:20 am

The Pressure is Building in China’s Economy

Yesterday we discussed how financial conditions were becoming tighter across the globe as markets responded to US Federal Reserve Chairman Bernanke's attempts to pull back on the scale of quantitative easing. Right now, the Federal Reserve is monetising around $85 billion per month in Treasuries and mortgage backed securities.

From Economy 12:18 am

Inside Ben Bernanke’s Doomsday Device

Those who think the world is warming up should visit Edinburgh. It is a city made of stone. Yellow stone. Brown stone. Almost black stone. Almost every building is built of stone. And the entire city sits on a rock.

Lisa Ho

From Economy 11:09 pm

More Australian Jobs on the Line as Fashion Label Lisa Ho Closes, Holden Mulls Cost Cutting

Even if the country's unemployment rate went down to 5.5 per cent for May, some Australian workers may not feel secured in their jobs as companies continue to close or put in place cost-cutting measures that may result in some workers losing their means of livelihood.

From Economy 6:30 pm

Devalued Pound Hurts Egyptians While Morsi Government Dithers

The Egyptian currency has lost 8 percent against the dollar in 2013, and the embattled government is out of ideas on what to do.

G8 leaders

From Economy 3:30 pm

G8 Agrees 'Lough Erne Declaration' on Tax Evasion Crackdown

Declaration includes call for tax authorities to share information and stop company profits being shifted around to avoid taxation.

From Economy 1:47 pm

Rising Housing Costs Drove U.S. Inflation Higher By 0.1% In May, Gasoline Price Flat, Food Costs Drop

The change in the price of goods and services purchased by consumers rose in May by 0.1 percent.

From Economy 1:41 pm

US Housing Starts In May Rose To 974,000, Below April's Revised Level Of 1,005,000 But Higher Than Analyst Expectations

U.S. housing starts rose to 950,000 in May, but not at April's level.

From Economy 1:35 pm

Obama Won't Commit To Third Term For Fed Chairman Bernanke

President Obama hinted in a Monday interview that he may not reappoint Federal Reserve Chairman Ben Bernanke to a third term.

Renault

From Economy 1:09 pm

European Car Sales Plunge to 20-Year Low on Sluggish Demand in Big Economies

Car sales up 11% in the UK, while Spain, Italy, Germany and France saw declines.

Follow IBTimes Economy