Is the eurozone exiting recession? The 17-member single currency has managed to jump to a one month high outright this morning. Euro bourses are in the “black” and German short-term yields are backing up after data from two of the region’s largest economies show signs of growth. A preliminary reading of 50.4 on the eurozone’s […]

CONFRONTED by signs of economic vulnerability, India’s economic policymakers are blaming poor performance on inadequate ‘reform’. Measures to appease and attract foreign capital are being advocated and announced as a solution to the country’s problems. This ignores the evidence that major policy shifts over the past two decades have fundamentally altered the economic environment, making […]

China growth fears in focus Market focus was on HSBC’s flash estimate of its China July purchasing managing index (PMI). The figure came in at 47.7, slipping further below the 50-mark that divides expanding activity in the sector from a contraction. Analysts attributed part of the weakness to last month’s rise in money market rates, […]

Apple now has $146.6 billion in cash and marketable securities on its balance sheet, with some $106 billion kept offshore, the company said during today’s earnings call. That’s a record for the poster-child of tech companies maintaining mountains of overseas green. It’s enough to pay off bankrupt Detroit’s $18.5 billion in debt about eight times […]