Economy : Page 860

Malaysia holds key rate at 3.25 percent

May 21, 2016 The central bank of Malaysia left its overnight policy rate unchanged at 3.25 percent for an eleventh consecutive meeting, recognizing downside risks in the global economic and financial environment.

U.S. leading economic index climbs more than expected in April

May 20, 2016 An index of leading U.S. economic indicators increased by more than expected in the month of April, the Conference Board said.

Chile's economy grows 1.3% in Q1, slightly above forecast

May 20, 2016 Chile's gross domestic product grew by 1.3% in the first quarter from the last quarter of 2015, the central bank said, boosted by rising exports.

EU28 current account surplus €17.6 billion

May 20, 2016 The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €17.6 billion in March 2016.

Production in construction down by 0.9% in euro area

May 20, 2016 In March 2016 compared with February 2016, seasonally adjusted production in the construction sector fell by 0.9% in the euro area (EA19) and by 1.4% in the EU28, according Eurostat.

Philly Fed index slips in May, misses forecasts

May 20, 2016 Manufacturing conditions in the Philadelphia region unexpectedly deteriorated further in May, according to the latest report from the Federal Reserve Bank of Philadelphia.

South Africa leaves key rate unchanged at 7%

May 20, 2016 The South African Reserve Bank kept its benchmark repo rate on hold at 7 percent at its May 19th meeting, in line with expectations.

ECB says risks to growth have moderated

May 20, 2016 European Central Bank (ECB) policymakers agreed risks to growth have moderated but still tilted to the downside and the focus is on implementing the stimulus package announced in March.

Philippines GDP growth strongest in 2-1/2 years

May 20, 2016 The Philippines economy grew an annual 6.9 percent in the March quarter of 2016, accelerating from an upwardly revised 6.5 percent expansion in the previous three months.

Portugal needs no new measures to meet deficit target

May 20, 2016 Portuguese Prime Minister Antonio Costa said no additional measures would be needed to comply with the country's deficit target on Wednesday after Brussels avoided imposing a fine on Portugal for breaching budgetary rules.

U.S. jobless claims fall less than expected

May 19, 2016 The number of Americans filing for unemployment benefits fell a little less than expected last week, according to the Labor Department.

Fed talks about future highly theoretically

May 19, 2016 The U.S. economy needs to reach a higher rate of so-called potential growth, the central bank's vice-president Stanley Fischer said in a statement.