EU watchdog expects quick action from insurer stress tests
FRANKFURT (Reuters) – The European Union’s insurance watchdog said on Monday it expected rapid action from insurers and supervisors to address weaknesses in capital and business models it had identified in a series of stress tests.
China November PMIs show economy cooling, argue for more stimulus
BEIJING (Reuters) – Growth in China’s manufacturing sector slowed in November, suggesting the world’s second-largest economy is still losing momentum and adding pressure on authorities to ramp up stimulus measures after unexpectedly cutting interest ra…
Oil hits five year low, emerging stocks hammered
LONDON (Reuters) – Oil prices fell to their lowest in five years on Monday, hit by slowing factory activity in China and Europe and hammering emerging market stocks and commodity-linked currencies.
Fed rattled by elusive inflation, but loath to sound alarm yet
NEW YORK/SAN FRANCISCO (Reuters) – With the U.S. economy humming along at its fastest clip in more than a decade, the Federal Reserve should be confident about its ability to weather a global slowdown and start lifting interest rates around the middle …
Hong Kong counts cost of protests on city’s core shopping districts
HONG KONG (Reuters) – Hong Kong reported a slowdown in October retail sales on Monday, providing the first broad look at the impact of pro-democracy protests on core shopping areas in the Chinese-ruled city after demonstrators blocked key roads and sca…
UK manufacturing grows slightly faster in November despite lackluster exports: PMI
LONDON (Reuters) – British manufacturing activity unexpectedly picked up a little speed in November as domestic demand offset falling exports due to sluggish orders from the euro zone and emerging markets, a survey showed on Monday.
Euro zone factory growth stalls in November as new orders sink: PMI
LONDON (Reuters) – Euro zone manufacturing growth stalled in November and new orders fell at the fastest pace in 19 months despite heavy price cutting, painting a bleak picture for the coming months, a survey showed on Monday.
U.S. holiday weekend store sales fall on early discounts, online growth
(Reuters) – Early holiday promotions and rising online shopping took a toll on in-store U.S. sales during the Thanksgiving weekend as shoppers on average spent 6.4 percent less than they did a year earlier, according to data released Sunday by an indus…
Britain’s Co-operative Bank to fail Bank of England stress test: Times
LONDON (Reuters) – Britain’s Co-operative Bank is set to fail the Bank of England’s stress test of eight leading lenders this month, The Times newspaper said on Monday.
ECB could fix euro zone flaw with risk-free bond: think tank
LONDON (Reuters) – As the European Central Bank comes closer to buying sovereign bonds, one London-based think tank says an opportunity has arisen to fix one of the euro zone’s birth defects — the absence of a credible “risk-free” asset.
