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Economy And The Numbers

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Standard & Poor's Ratings Services on Monday downgraded Russia's sovereign credit rating to below investment grade for the first time in more than a decade. S&P cut Russia's sovereign credit rating to "BB+" from "BBB-". The rating outlook is negative. Last month, S&P placed Russia on negative watch,...

European Central Bank Executive Board member Benoit Coeure said Monday that Greece must comply with its existing debt obligations. He also said that the EU will hold discussions with the new government on the extension of bailout program. In Greece, the anti-austerity Syriza party emerged the winner...

GermanIFO-012615.jpg German business confidence improved for a third straight month in January to a six-month high as expectations of firms and current assessment brightened in January, results of the IfO business climate survey showed Monday. The business confidence index rose to 106.7 in January from 105.5 in December, exceeding the 106.4 reading expected by economists. It was the highest score since July 2014.

Dutch producer confidence worsened in January, after hitting a three-and-a-half year high in the previous month, survey figures from the Central Bureau of Statistics showed Monday. The producer confidence index fell to 2.8 in January from 3.4 in December, as producers were less positive about their...

Brazil's consumer confidence declined in January to reach its lowest level since the series started in September 2005, the think tank FGV said Monday. The consumer confidence index fell by 6.7 percent to 89.8 in January from 96.2 in the previous month. The index had risen in December. "The fall...

Bank of England policymaker Kristin Forbes said that UK interest rates may need to be raised earlier than many expect as falling oil prices could boost consumption and investment. In an interview to the Wall Street Journal, Forbes said robust growth in the U.S. and cheaper oil could benefit consumption...

Czech consumer consumer confidence strengthened notably in January, after hitting a record high in the previous month, survey figures from the Czech Statistical Office showed Monday. The consumer confidence index climbed to 4.3 in January from 2.8 percent in December. The latest score was the highest...

Germany's business sentiment was higher than expected in January, latest figures from the IfO Institute showed Monday. The business confidence index came in at 106.7 in January, slightly more than the 106.4 score expected by economists. In December, the index was at 105.5. The current assessment...

Spain's producer prices dropped for the sixth consecutive month and at a faster rate in December, figures from the statistical office INE showed Monday. Producer prices declined 3.7 percent year-over-year in December following the 1.5 percent fall in November. Prices have been declining since July. Prices...

Finland's producer prices continued to decline at a faster pace in December, figures from Statistics Finland showed Monday. The producer price index fell 1.8 percent year-on-year in December, faster than November's 0.5 percent decline. In October, prices dropped 0.3 percent . Producer prices have...

In a monetary union, there should be a fully integrated capital market, European Central Bank executive board member Yves Mersch said Sunday. "A truly integrated capital market would not only benefit the European economy because it would ensure an efficient and location-independent allocation of...

Singapore industrial production declined at a slower-than-expected pace in December, figures from the Economic Development Board revealed Monday. Industrial production fell 1.9 percent year-on-year in December, much slower than economists' forecast for a 4.0 percent sharp decline. Excluding biomedical...

EEP09-011515_26Jan15.jpg The business climate index for Germany and U.K. mortgage approvals are some of the important economic data due for release on Monday. On Friday, preliminary data from Markit Economics showed that eurozone's private sector grew at the fastest pace in five months in January. Data also showed that Germany's...

Malaysia's jobless rate remained unchanged in November, figures from the Department of Statistics showed Monday. The unemployment rate came in at 2.7 percent in November, the same rate as seen in the previous month. A year ago, the jobless rate was 3.4 percent. Meanwhile, the unemployment rate...

New Zealand's services sector continued expand at a faster pace at the end of the year, the latest survey from Business NZ showed Monday. The seasonally adjusted Performance of Services Index, or PSI, rose to 56.5 in December from 54.7 in the previous month. Any reading above 50 indicates expansion...

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