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Purchasing Managers Index for Italy, the euro area’s third-largest economy, rose to 54.8 from 53.8 in April, the highest since 2011. In Spain, the index jumped to 55.8 from 54.2, Markit Economics said. Both countries exceeded the median economist estimate, Bloomberg reported...
Malaysia Airlines is "technically bankrupt", its chief executive officer said, as he announced restructuring and cutting of around 6,000 jobs. The restructuring program comes after years of losses and the two disasters of MH370 and MH17, which forced the company's nationalization last year...
Analysts keep receiving mixed economic signals from the world's second largest economy which spur fresh speculation that the authorities might soon roll out more stimulus...
The starting week has a busy economic calendar in comparison with the previous one. European Central Bank, Reserve Bank of Australia, Bank of England are to review their interest rates...
On Monday the euro edged lower against the dollar as ongoing concerns over the prospect of a Greek debt default weighed, while the greenback was steady near its highs against the yen...
Since 2008, the United States has experienced historically unprecedented programs to spur the economy. There was quantitative-easing program one (QE1), QE2, Operation Twist, and QE3, which made available significant amounts of credit for the banks to loan out to the public...
On Friday dollar was higher against its peers, as investors awaited the release of U.S. GDP data for the first quarter. Meanwhile, expectations for earlier rate hike continued to lend support for the greenback, as this week was rich for economic reports which indicated that the U.S...
On Friday the greenback edged lower against the yen in Asia trade, with some investors locking in profits in the wake of this week’s high-profile rally...