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The construction sector in Australia contracted at a faster pace in February, the latest survey from the Australian Industry Group showed on Friday, with a Performance of Construction Index score of 43.9. That's down significantly from 45.9 in January, and it moves further beneath the boom-or-bust...

Japan is on Friday scheduled to release preliminary January readings for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity. The leading index is expected to see a score of 105.8, up marginally from 105.6 in December. The coincident is tipped to rise to...

Draghi-030515.jpg The European Central Bank will commence its bond purchases under an historic $1.1 trillion quantitative easing plan next week and expects the impact from it stimulus measures to return inflation to the euro area next year.

kenya-030515.jpg The Kenyan economy is set on a course for sustained growth in the years ahead, amid the falling oil prices and its 'accommodative monetary policy' to make it one of the fastest-growing economies in Sub-Saharan Africa, according to a report published by the World Bank.

NonFarmProductivity-030515.jpg With output rising by less than previously estimated, the Labor Department released a report on Thursday showing that U.S. labor productivity in the fourth quarter fell by more than initially reported.

JOblessClaims-030515.jpg In a somewhat troubling sign for the labor market ahead of tomorrow's monthly jobs report, the Labor Department released a report on Thursday showing an unexpected increase in first-time claims for U.S. unemployment benefits in the week ended February 28th.

ECB-030515.jpg The European Central Bank on Thursday held its key interest rates unchanged at a record low for a fifth successive month as markets await the bank's President Mario Draghi to reveal the details of the historic $1.1 trillion quantitative easing announced in January.

BoE-030515.jpg The Bank of England kept its key rate unchanged at a historic low, a stance it has persisted with at every policy meeting since March 2009, when it cut the rate to confront recession at the peak of financial crisis. The nine-member Monetary Policy Committee decided to retain the key bank rate at 0.50 percent, marking its sixth anniversary of no change.

Li-Keqiang-China-030515.jpg The Chinese government lowered its growth target for 2015 amid a challenging global environment and stressed the importance of reforms to build a moderately prosperous society. At the annual session of the National People's Congress in Beijing on Thursday, Premier Li Keqiang said the government aims to achieve about 7 percent economic growth in 2015.

trade.jpg Australia posted a merchandise trade deficit of A$980 million in January, the Australian Bureau of Statistics said on Thursday - representing a deficit increase of A$477 million or 95 percent decline over the previous month. The headline figure missed forecasts for a shortfall of A$925 million following...

The U.S. economic recovery continued early in 2015 despite a stronger dollar, plunging crude oil prices and an unusually cold winter weather, according to the Federal Reserve's Beige Book. The Beige Book, published by Fed ahead of policy meetings, surveys businesses on the economic conditions from...

ismnon-030415.jpg Activity in the U.S. service sector unexpectedly grew at a slightly faster rate in the month of February, according to a report released by the Institute for Supply Management on Wednesday.

MarioDraghi-ECB-030415.jpg The European Central Bank on Thursday is set to detail its historic $1.1 trillion quantitative easing plan announced in January and present its latest batch of growth and inflation forecasts for the euro area, after what is likely to be an otherwise uneventful rate-setting session now that the drama...

ADP-030415.jpg Payroll processor ADP released a report on Wednesday that once again showed solid private sector job growth above 200,000 jobs in the month of February, although the pace of growth saw a notable slowdown compared to the previous month.

U.S. mortgage applications were basically flat last week despite a modest drop in interest rates, according to the Mortgage Bankers Association (MBA). The MBA's seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 0.1 percent in...

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