Oil demand in 2015 to grow at fastest pace in 5 years
Global oil demand in 2015 is set to grow at the fastest pace in 5 years, underpinned by the economic recovery and low oil prices.
World economy
China’s National Liquor Now Comes Laced with Viagra
LETTER FROM ASIA-PACIFIC | The Chinese hard spirit baijiu is known for its fiery taste, but some makers have added an extra kick in the form of powdered Viagra, according to the government’s food safety bureau.
China move on yuan could fuel exchange rate volatility
China’s move to weaken its currency by a record 1.9% comes in the wake of poor trade data
Should Spain worry more about China or Brazil?
Pessimism over the latest data coming from these two developing countries could affect the recovery in Spain and Europe.
The digital economy: the global data revolution
La Caixa Research | Which are the effects of digitalisation on the global economy?
BoJ monetary policy unchanged but capital impairment risk cannot be ignored
LONDON | Barclays | The Bank of Japan (BoJ) stayed away from enhancing monetary stimulus as it expects the economy to move up from the recent soft patch and inflation to pick up.
China considers investment plan to bolster growth
After the recent stock market collapse, China seeks to dispel doubts on a sharper economic slowdown with a new 1 Trillion yuan plan (€150 bn).
US GDP GROWTH ACCELERATES IN Q2
The US economy is gaining momentum in the second quarter with an estimated 2.3% growth, supported by consumption and construction investment.
Markets relieved by China PMI
Caixin China services PMI rose to 53.8, a 11-month high, in July (well above the 50-mark separating contraction from growth and up from June’s 51.8), giving a respite to market watchers concerned by the recent weak manufacturing data.
Global trade growth is not picking up
LONDON | World trade volumes –for both goods and services– have risen by less than global GDP over the past four years. This is an unprecedented outcome in post WW2 history, UBS analysts point out.