On Tuesday, the dollar fell 1.25% against the basket of currencies in the Dollar Index. The index is down 3% since its peak at the end of 2016. US companies that report in dollars but...
Demonetization caused widespread distress, which the media covered profusely; they were full of emotional stories – stories of how common people suffered, and uncommon rulers reveled. It is only now that we have some basic...
Oil prices rallied yesterday following the EIA weekly data and are up further today. Despite the rise in US inventories (4.1 mln barrels) more than four times greater than expected, participants focused on other details....
China’s producer prices – which measure what is sometimes called “inflation at the factory” – soared 5.5% in December, from a year ago. This was far hotter than economists had expected, though they’d expected a...
The IMF is the most authoritative source for reserve holdings of central banks. It reports the data at the end of each quarter with a quarter lag. At the end of last year, the IMF...
After World War II, there was a surge of decolonization, beginning with India’s independence in 1947; Britain and France found someone to hand over power in colony after colony and left in a hurry. Some...
In thin holiday markets, a correction to the trends seen in Q4 has materialized. The US dollar is heavy. Japanese and European equities are lower. Bonds are firmer. Some reports try to link the moves...
Donald Trump in the US and rising populist parties in Europe – 2016 wasn’t a good year for advocates of free trade. Recent studies have identified some key aspects of globalization that nativists fear most....
India will soon overtake Britain to become world’s fifth largest economy, a “Forbes” magazine report has said. Economist Rajiv Biswas talks to DW about the impending milestone and the overall state of India’s economy. DW:...
Italy has moved to rescue banks teetering on the edge of insolvency – by agreeing to inject billions of euros on the public tab. A long period of economic stagnation has left banks holding a...
On December 8, Japanese government revised its GDP statistics to conform to the latest standard of national accounts, SNA2008. Before the revision, Japan was one of the last countries, among OECD members not to be...
The ECB does not include Greek bonds in its sovereign bond purchase operation. However, the progress is being made, and it is possible that starting early next year, the ECB will buy Greek bonds. Greece...
