British consumer spending fell by the most since July last month, payments company Visa said on Tuesday, adding to signs of slowing economic growth toward the end of the year.
Euro zone headline inflation was at the European Central Bank target in November and the inflation measure crucial for monetary policy decisions eased again after rising the previous month, revised data showed on Monday.
As U.S. bank stocks tanked this month over fears of an impending recession, industry executives downplayed concerns to colleagues, analysts and journalists, arguing that the economy is in great shape.
Total liabilities of the government increased to Rs 82 lakh crore at end-September from Rs 79.8 lakh crore at end-June this year, latest data on public debt showed on Monday.
Banks in Britain may be tested for their resilience to the impact of climate change on their balance sheets, Bank of England Governor Mark Carney said.
The Italian government is confident that the European Union won’t open a disciplinary procedure over its budget after the ruling coalition agreed to revise it, an economy undersecretary said.
Despite the electoral reverses in key states faced by the ruling BJP, the Union government is unlikely to announce any large farm loan waiver or fiscal sops ahead of general elections, Credit Suisse said.
European Central Bank can delay rate hikes if the economy slows more than expected and its decisions will be driven by economic data, the incoming head of Belgium’s central bank said.
Former RBI Governor Raghuram Rajan has cautioned that transfer of excess reserve to the government may bring down rating of the central bank.