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JPMorgan Chase CEO Jamie Dimon And Detroit Mayor Duggan Discuss The Bank's Investment In Detroit

JPMorgan advises investors to vote against the splitting proposal

JPMorgan Chase has advised its shareholders to vote against the proposal to split up the bank. The bank warned its shareholders that the breakup proposal will not benefit its investors.

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US-ECONOMY-IMF-WORLD-BANK

Capital outflows to push emerging markets into crisis, cautions IMF

International Monetary Fund (IMF) has warned that slower growth rates among emerging markets are causing cash outflows and could cause another bout of crisis. Narrowing differential in growth prospects between advanced and emerging economies may add to the crisis situation again.

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Reserve Bank of New Zealand Governor Graeme Wheeler News Conference

New Zealand's GDP growth rate beats forecasts

New Zealand's economy growth rate was higher than the forecasts for last quarter of 2015. Led by business services, retail, accommodation and construction sectors, the country's gross domestic product (GDP) surpassed the forecasts made by Reuters and Reserve Bank. But, the overall growth eased to 2.3 percent in 2015 from 4.1 percent in 2014.

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Bank of Japan Governor Haruhiko Kuroda Speaks At The Yomiuri International Economic Society

Japan's banking woes may hit global markets

The turbulent situation Japan's banking sector is likely to impact global markets. A leading hedge fund manager says that collapse in the Japan's banking industry blindsides the market, while shrugging off any possibility of banking crisis in the world's third largest economy.

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Bank of Japan Governor Haruhiko Kuroda Speaks At The Yomiuri International Economic Society : News Photo CompEmbedShareAdd to Board Bank of Japan Governor Haruhiko Kuroda Speaks At The Yomiuri International Economic Society

Japanese regional banks up lending on auto, holiday spending

Japan's regional banks are enhancing unsecured retail lending as it offers high profit margins. Loans on mortgage and small firm borrowing are declining. Japan banks are suffering from ultra-low interest rate regime to increase revenues.

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Bank Of England Hold Press Conference On The Financial Stability Report

Bank of England has many choices to boost Britain's economy according to Governor Mark Carney

Bank of England has many choices to boost Britain's economy. The bank may slack its financial policy on fears that the country may exit the European Union.

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Bank of England Governor Mark Carney Presents The Quarterly Inflation Report At A News Conference

UK inflation rate inches up to 12-month high

The UK's headline rate of inflation reached to 12-month high. However, it remained below the two percent target of Bank of England for two years. The consumer prices index rose following the price rise in oil, clothing and food products. Economists and consumers are looking to UK's central bank whether it'll raise interest rate or not.

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Visitors Attend The Skills London Job Fair

UK unemployment rate at 10-year low; earnings slow down

The jobless rate in the UK was recorded at 5.1 percent for the quarter ending November 2015. This showed the lowest jobless rate since October 2005. However, wage growth is slowing down in the UK industry. The employment rate was at high of 74 percent since 1971, according to the latest data released by Office for National Statistics.

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Algerian Prime Minister Abdelmalek Sellal Visits Berlin

High employment rate propels German GDP

Record high employment rate and domestic spending propelled German GDP rate by 1.7 percent in 2015, according to the German authorities' calculation.

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George Osborne Delivers Speech Warning Of Potential Economic Difficulties In The Coming Year

Britain Interest Rate Hike Will Be Shocking but Seems Inevitable

Bank of England has been keeping its interest rates at the lowest point at 0.5% since March 2009. However, some signals of the interest rate upsurge will be a shock to some people in Britain.

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Brazil

Deeper recession, faster CPI, higher rate squeezing Brazil

The Brazil's central bank will be under pressure to raise interest rate in 2016 amid gripped into the deepening recession. The borrowing cost is expected to rise by 0.25 percent next year. Brazil is suffering from rising inflation and easing productivity.

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Colombian flag

Colombian central bank hints at rate hike

The Colombian Central Bank is heading towards a hike in interest rate. The Colombian government is keen on checking inflation rise and control the current account deficit.

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Industrial and Commercial Bank of China

A long-stretched financial winter looms over Hong Kong

Hong Kong's international financial hub is reeling under pressure as the world's largest and second largest economies are impacting it more in a negative way.

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U.S. Dollar and Euro notes

Dollar rally is back on support of interest-swap rates

The US currency is surging again, but this time with support from the interest-rate market. The US dollar rally registered its strongest gain during the past six months against Euro as two-year dollar interest rate swaps shot over those in the shared-currency area.

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China

China dumping US debt as North America's domestic buying soars

The China's withdrawing from the US government debt is being overlooked as robust demand in the domestic market is increasing. Several US mutual funds have started buying treasuries at auction. The US investors are also increasing their buying.

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