ECONOMIC NEWS

China's bond and stock markets experienced record inflows of $120 billion last year and an additional $200 billion could come in this year, according to Citi.Inflows into China's stock and bond markets will likely increase further in 2019 as major global indexes raise...

Fed Chairman Jerome Powell called the economy "strong" but noted pockets of weakness around the country.He pledged support for the Community Reinvestment Act and regulation that helps banks get funding to rural areas. Federal Reserve Chairman Jerome Powell said the...

Bernstein is tracking two key measures, both of which are at levels not seen since World War II: global government debt and central bank buying of gold.The firm argues that the current geopolitical environment is heading toward a period in which neither stocks nor...

"Now that the Fed hikes are off the table for a little bit, and the Fed can afford to be patient, EM funding conditions won't be as tight as it was before," said Mary Nicola, a G-10 foreign exchange and Asian fixed income strategist at Eastspring Investments.Nicola...

The Reserve Bank of India (RBI) could cut the rate at which it lends to banks on Thursday due to shifting economic conditions, Priyanka Kishore, head of India and Southeast Asia economics at Oxford Economics told CNBC.Several factors could prompt the RBI to reverse...

The U.S. trade deficit fell to $49.3 billion in November, the first decline after five straight months of increases.But on a year-over-year basis, the gap rose by 10.4 percent. The U.S trade deficit with its global partners fell in November for the first time after...

The UK's service sector stagnated last month, with new orders falling for the first time in two-and-a-half years, according to the IHS Markit/CIPS purchasing managers' index (PMI). The figures showed a reading of 50.1 in January, lower than December's 51.2. IHS...

ARK Investment Management is launching an exchange traded fund to give investors exposure to financial technology.The fund focuses on mobile payments, artificial intelligence and blockchain.The actively managed “ARK Fintech Innovation ETF” includes public companies —...

The markets have surged into the new year with the S&P 500 Index posting its best January in more than three decades. Investor optimism of late has been fueled by a stronger-than-expected earnings season, and a Federal Reserve that is expected to pull back on...

The US economy added a stronger-than-expected 304,000 jobs in January, official figures have shown. The figure was far in excess of economists' forecasts of 165,000. However, December's jobs growth figure was revised to 222,000, down from an initial estimate of...

China said on Thursday its manufacturing activity contracted for the second-straight month in January.Official manufacturing Purchasing Managers’ Index (PMI) for January was 49.5, according to the National Bureau of Statistics of China.That’s higher than the 49.4...

In an annual ranking of the Index of Economic Freedom, Hong Kong has come out on top for the 25th year in a row.That’s despite the city coming under increasing political pressure from Beijing in recent years.Hong Kong is still “clearly number one,” said Edwin Feulner,...