Sales of new homes in the U.S. in February fell 18.2% from the revised January figure to 775,000, according to the U.S. Commerce Department's Census Bureau. Analysts polled by DailyFx had expected the figure to drop only 6.5% from the previous month's initial figure to 875,000. The January figure...

While pointing out to a number of emerging signs of a stronger global economic recovery, the second most important official of the International Monetary Fund on Saturday also warned of risks that still pose a threat to global recovery which includes the emergence of multiple variations of the...

The International Monetary Fund (IMF) said that the global economy is recovering faster than previously forecast. This was stated by First Deputy Head of the IMF Geoffrey Okamoto. He stressed that this recovery is uneven. There are alarming signs that the gap between developed and developing...

The United Nations Conference on Trade and Development (UNCTAD) now expects the global economy to grow faster in the current year of 2021 at 4.7 per cent compared to its previous forecast of a 4.3 per cent annual growth. Announcing this upgrade, the UN body has said that its upgrade was prompted by...

Since the start of this year, SPAC IPOs in the US have totalled $85.9bn - more than the full year 2020 in less than three months. This is data from SPAC Research, a resource that tracks such deals. Such results are all the more telling because last year was also a record year in terms of the amount...

For the first time since the pandemic, investors no longer see the coronavirus as a major threat to markets. Investment fund managers surveyed by Bank of America rather fear rising inflation and "hysteria" over tightening regulatory policies. U.S. investors have ceased to consider the pandemic...

A new study that was published on Tuesday has claimed that there needs to be an increase of 30 per cent in planned investment in clean energy by 2050m totalling to an investment of $131 trillion globally to prevent a catastrophic climate change. The report also noted the acute need to significantly...

China's statistical office recorded a record improvement in January-February in a number of indicators, such as industrial production, retail sales and capital expenditure rose by more than 30% year-on-year. This strong growth is primarily due to the low base effect - last year's peak months of the...

The Chinese economy continued to consolidate its fast recovery from the Covid-19 pandemic with the country’s factory and retail sector activity growing in the forts two months of the current year which beat expectations of analysts.   However according to analysts, the very low base from the...