02142016Sun
Last update: Sun, 14 Feb 2016 01pm

Global Business & Economy

World - Global Business & Economy

Swedish central banker says rising inflation expectations positive JONKOPING: A rise in Swedish inflation expectations in February is positive and should continue as a result of more expansionary policy announced by the Riksbank last week, Deputy Riksbank Governor Per Jansson said in a speech on Thursday.He added it is important to keep inflation expectations anchored in upcoming wage negotiations.Jansson also said January figures show some indications that the inflation has bottomed out. Headline consumer prices fell in January, but less than expected by the market.Inflation expectations among money market players rose slightly in February.At its interest-rate setting meeting on Feb. 12, the Riksbank cut its key repo rate 0.10 percent to -0.10, launched a plan to buy 10 billion crowns ($1.20 billion) in bonds and said it was ready to take further measures at short notice should more expansionary policy be needed.Copyright Reuters, 2015 ...

World - Global Business & Economy

Dutch jobs company Randstad sees strong US, Dutch markets AMSTERDAM: Dutch employment services group Randstad Holding NV posted a 26 percent rise in fourth-quarter core earnings on Thursday, slightly ahead of forecasts, and said growth had picked up in the first months of 2015.Earnings before interest, taxation, amortisation (EBITA) rose to 199 million euros ($227 million), the company said in a statement, helped mainly by improved business in North America and the Netherlands.That topped the 192 million euros in underlying EBITA forecast by analysts ...

World - Global Business & Economy

Turkish February consumer confidence rose to 68.06 points ISTANBUL: Turkey's consumer-confidence index rose to 68.06 points in February from a four-year low of 67.71 last month, the Turkish Statistics Institute said on Thursday. The index indicates an optimistic outlook when it is above 100 and a pessimistic outlook when below 100.Copyright Reuters, 2015 ...

World - Global Business & Economy

Inflation negative in France for first time in 5 years PARIS: Inflation in France, the eurozone's second-biggest economy, was negative in January for the first time in more than five years, the national statistics agency said on Thursday.Prices declined by 0.4 percent in January compared to the same month last year, INSEE said, noting that France has not seen negative inflation since October 2009.The data in France followed similar figures earlier this month that showed prices in European powerhouse Germany also declining by 0.4 percent.The ...

World - Global Business & Economy

Japan business mood up as economy bounces from slump TOKYO: Japanese business sentiment edged up in February and it is seen improving further, a Reuters poll showed on Thursday, underlining the economy's gradual recovery from a slump although companies remain wary about sluggish demand.The Reuters Tankan - which closely tracks the Bank of Japan's key tankan survey - backs this week's GDP report which confirmed the economy pulled out of a recession, although annualised growth was well short of forecasts reflecting a hangover from ...

World - Global Business & Economy

NZ consumer confidence eases in February WELLINGTON: New Zealand consumer confidence fell from a six-month high but remained solidly positive in February, as respondents were feeling slightly less optimistic of their own and the economy's prospects, a survey showed on Thursday.The ANZ-Roy Morgan consumer confidence index fell to 124 from 128.9 in January.A reading above 100 shows optimism, while below 100 indicates pessimism.The survey showed fewer consumers were expecting to be financially better off over the coming year, and also there ...

World - Global Business & Economy

Unemployment falls in 4th qtr as Argentina teeters on brink of recession BUENOS AIRES: Argentina's unemployment rate fell to 6.9 percent in the fourth quarter of 2014 from 7.5 percent in the previous three-month period, the government said on Wednesday.The fall in the jobless rate comes as Latin America's third-biggest economy teeters on the brink of recession. Unemployment data in Argentina shows the official number of people looking for a job who cannot find one. Copyright Reuters, 2015 ...