French growth leapfrogs Germany’s in Q1

May 13, 2015

The French Pole Emploi stand is seen during the 20th Forum de l'Alternance in Paris

It’s euro zone GDP day. German and French data are already out with Europe’s largest economy growing by 0.3 percent, below both the 0.5 percent forecast and the 0.7 percent achieved in the last three months of 2014.

IMF paid but how much money does Greece have left?

May 12, 2015

Greece's Finance Minister Varoufakis and Eurogroup chairman Dijsselbloem talk during an euro zone finance ministers meeting in Brussels

Greece made a 750 million euros repayment to the International Monetary Fund a day ahead of schedule on Monday but it is not clear precisely how much money Athens has left in its coffers.

High Brazil services inflation is hinting at even higher interest rates

May 11, 2015

Brazil's Finance Minister Joaquim Levy delivers a speech during a meeting with businessmen of the France-Brazil Chamber of Commerce in Sao Paulo

Brazil’s monthly inflation rate eased below 1 percent for the first time this year in April and inflation expectations for 2016 have dropped for the first time in two and a half months.

Another missed Greek opportunity?

May 11, 2015

Greek Finance Minister Varoufakis leaves the European Commission headquarters in Brussels

What had been billed as another defining moment in the Greek saga now looks like it will be another missed opportunity.

From 1992 … Why the UK pollsters got it wrong

May 8, 2015

Pollsters failed dismally to predict the strength of support for Prime Minister David Cameron’s Conservatives in this week’s national election — just as happened in 1992 when John Major scored an unexpectedly decisive victory. Here’s Reuters’ take on why the polling industry got it so wrong, 23 years ago.

After the election shock, big questions

May 8, 2015

Britain's PM Cameron arrives with his wife Samantha at Number 10 Downing Street in London

A surprisingly decisive election win for Britain’s Conservative party has cheered financial markets and will probably allow Prime Minister David Cameron to govern unencumbered by coalition partners.

Still waiting for the great wage rebound

May 7, 2015

AIt’s now been well over a year since the two major central banks most likely to raise interest rates in the near future warned us we should pay attention to pay.

Greece points finger of blame at its creditors

May 6, 2015

Greek Finance Minister Varoufakis leaves the European Commission headquarters in Brussels

After another day of to-and-fro on Greece’s bailout, Finance Minister Yanis Varoufakis said he expected euro zone finance ministers to acknowledge next Monday progress towards a cash-for-reform deal, opening the way to easing Athens’ liquidity crisis.

Is the dollar taking over the Fed’s job?

May 5, 2015

US trade

 

 

 

 

 

 

 

 

 

While the surge in the greenback since July has turned up in all sorts of economic data, much of it not good, the big one may have just landed.

IMF playing hardball on Greece

May 5, 2015

A man holding a Greek national flag and a placard walks in Constitution Square in Athens

We’ve heard various dates for when Greece will run out of money and some have already passed without incident but it is clear Athens’ cash position is getting increasingly desperate and it hasn’t yet managed to win over its creditors with economic reform plans.