Economist
- Business
‘Shadow banks’ indebted firms to be launch pad for next crisis, warns Nobel-winner economist
Unregulated shadow banking sector, medium-size and large companies hold much of debt, risk in world economy, says Douglas Diamond, winner…
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Countries should tailor monetary policies according to specific challenges :US economist
Central banks can overcome economic problems but not overnight, says Joshua Aizenman, professor of economics at University of Southern California…
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Mortgage demand sinks even as rates drop
Mortgage rates dropped for the second week in a row, but that didn’t revive demand from homeowners or potential buyers.The…
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US pending home sales rise 0.7% in May, ending 6 months of decline
Pending sales in Northeast accelerated 15.4% in May, largest monthly gain among 4 major US regions US pending home sales…
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Eurozone services PMI declines in May
Eurozone composite purchasing managers’ index declines to lowest in 4 months Eurozone services purchasing managers’ index (PMI) fell to 56.1…
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Turkiye’s manufacturing PMI falls to 49.2 in April
Turkish manufacturing business climate challenging in April as price pressures remain elevated, supply-chain disruption continues, says economist Turkiye’s Purchasing Managers’…
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Turkish factory output grows 7.6% but eases due to utility curbs
Turkey’s industrial production expanded 7.6% year-over-year in January, data showed on Friday, rising for the 19th consecutive month. The reading…
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US January pending home sales see sharpest drop in 11 months
Buyers still having difficult time finding home with inventory at all-time low, economist says The US pending home sales in…
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Eurozone manufacturing PMI down in Dec. as omicron fears rise
PMI diminishes from 58.4 in November to 58 in December The eurozone Purchasing Managers’ Index (PMI) for manufacturing sector growth…
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US consumer sentiment at decade low amid rising inflation
Consumers express less optimism than any other time in past decade, economist says US consumer sentiment declined to its lowest…
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