Argentina’s smooth peso devaluation a rare bright spot in emerging markets

January 13, 2016
A man walks past a currency exchange rates board at a money exchange in Buenos Aires' financial district, Argentina, December 16, 2015. Argentina will announce a much anticipated relaxation of currency controls on Wednesday, the government said, setting the stage for a weakening of the local peso and an increase of soybean shipments from the world's No. 3 exporter.  REUTERS/Marcos Brindicci - RTX1YZQ2

A man walks past a currency exchange rates board at a money exchange in Buenos Aires’ financial district, Argentina, December 16, 2015. REUTERS/Marcos Brindicci – RTX1YZQ2

What to do with Poland

January 13, 2016

Since sweeping to power in October elections, Poland’s Eurosceptic and authoritarian new government has packed the constitutional court with its appointees, skewed the court’s voting system and passed a law tightening its control on top media posts — all in the country supposed to be one of the bulwarks of democracy in east Europe. Today the European Commission will debate what to do with Poland: it is likely for now to hold back from triggering possible sanctions against Warsaw but will discuss ways of subtly increasing the pressure.

A tale of two inflation rates worlds apart: Mexico and Brazil

January 8, 2016
Fans of Mexico ride a big bike as they arrive at the Castelao stadium before Mexico's 2014 World Cup soccer match against Brazil in Fortaleza, Brazil  June 17, 2014.   REUTERS/Sergio Moraes (BRAZIL - Tags: SPORT SOCCER WORLD CUP)

Fans of Mexico ride a big bike as they arrive at the Castelao stadium before Mexico’s 2014 World Cup soccer match against Brazil in Fortaleza, Brazil June 17, 2014. REUTERS/Sergio Moraes

EU vote casts shadow over Britain as 2016 kicks off

January 8, 2016

At this stage, it is hard to quantify how a planned referendum on Britain’s membership of the European Union is impacting investor sentiment and the outlook for business investment. But there is little doubt it will influence the timing of the Bank of England’s first interest rate hike in nearly a decade and how sterling trades this year.

No sign of economy rebalancing in latest China PMIs

January 6, 2016

China's Huang Qiushuang performs on the balance beam during the women's gymnastics team final in the North Greenwich Arena at the London 2012 Olympic Games July 31, 2012.   REUTERS/Mark Blinch (BRITAIN  - Tags: SPORT OLYMPICS SPORT GYMNASTICS)   - RTR35RC6

Chinese manufacturing has been in the dumps for a long while. But that was supposed to be offset by a government-induced shift in the economy toward domestic consumption, which underpins Beijing’s optimistic outlook for growth this year.

Fear of unemployment peaks in Brazil

January 5, 2016

A man looks at lists of job openings posted on a pole in downtown Sao Paulo March 19, 2015. Mounting job losses are pushing more and more Brazilians into the informal economy as self-employed workers, leaving them vulnerable to what could be the country's worst recession in 25 years. REUTERS/Paulo Whitaker

Inflation over 10 percent, a record-low exchange rate, job losses all around. Can it get any worse for Brazil in 2016?

Molto bene! Stand-out performance for Italian manufacturing vs rest of Europe

January 4, 2016

European stock markets may have had a rough start to 2016, but the first major European data releases of the year, covering momentum in manufacturing at the end of 2015, have been particularly good by recent standards.

UK bank stress tests do not clear fog over China risk

December 22, 2015

British banks survived the Bank of England’s 2015 stress tests largely unscathed, but the assessment published earlier this month also underscored the vulnerability of the UK banking system to China.

Prospects still slim for major global economic pickup

December 22, 2015

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The world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low.

Fed’s Williams preps new Tee-shirt after rate hike

December 18, 2015

San Francisco Federal Reserve President John Williams earlier this year got so sick of answering reporters’ questions about when the U.S. central bank would raise rates that he had his son design a Tee-shirt that he could just give out.