Thursday May 15, 10:26 AM
TFN NEWS BRIEFING: Macroeconomics highlights to 10:10 BST
2008-05-15 10:01:48
Solbes sees Spanish growth below potential in coming quarters
BRUSSELS (Thomson Financial) - Spanish economy minister Pedro Solbes said
growth in his country 'will be below potential in coming quarters'.
2008-05-15 09:44:58
ECB survey: economists raise inflation forecasts, cut growth projections
FRANKFURT (Thomson Financial) - Economists surveyed by the European Central
Bank have raised their forecasts for euro zone inflation and cut their
projections for economic growth, the ECB said in its May monthly bulletin.
2008-05-15 09:17:12
Austria April CPI falls to 3.3 percent yr-on-yr, vs 3.5 percent in March
VIENNA (Thomson Financial) - Austria's consumer price index fell to 3.3
percent year-on-year in April, compared with an annual rise of 3.5 percent in
March, according to figures released by the national statistics agency Statistik
Austria.
2008-05-15 09:11:19
Norway April trade deficit ex-oil, ships, 10.906 bln crowns vs 9.000 bln in Mar.
OSLO (Thomson Financial) - Norway's April trade balance, excluding ships,
oil platforms and oil and gas exports, showed a deficit of 10.906 billion
Norwegian crowns, widening from 9.000 billion crowns in March, Statistics Norway
reported.
2008-05-15 09:03:21
Czech current account dips to surprise deficit in March
WARSAW (Thomson Financial) - The Czech Republic's current account slumped to
a 600 million crown deficit in March, confounding expectations of an 8.3 billion
surplus and compared to an 11.8 billion crown surplus in February, central bank
data shows.
2008-05-15 08:45:42
Austria Q1 GDP growth up 3.5 pct yr-on-yr, up 0.8 pct qtr-on-qtr - institute
VIENNA (Thomson Financial) - The Austrian economy grew 3.5 percent
year-on-year in real terms in the first quarter, thanks to strength in both
general industry and the construction industry, according to data released
Thursday by economic research institute WIFO.
2008-05-15 08:37:57
Singapore March retail sales climb 5.6 percent vs year ago
SINGAPORE (Thomson Financial) - Singapore's retail sales rebounded in March
from February as higher food and energy prices forced consumers to spend more,
the Department of Statistics said Thursday.
2008-05-15 08:24:35
Indonesia Q1 GDP up 6.28 percent, led by exports, investment
JAKARTA (Thomson Financial) - The Indonesian economy grew 6.28 percent in
the first quarter from a year ago, driven by exports and investment, an official
said Thursday.
2008-05-15 08:19:38
Slovak April HICP inflation above consensus at 3.7 percent year-on-year
WARSAW (Thomson Financial) - Slovakia's inflation, measured by the European
Union's harmonized index of consumer prices (HICP), rose faster than expected to
3.7 percent in April from 3.6 percent in March, data from the Slovak Statistics
Office showed.
2008-05-15 08:19:22
Slovak Q1 GDP up 8.7 pct yr-on-yr vs forecast 8.5 pct
WARSAW (Thomson Financial) - Slovakia's economy grew 8.7 percent
year-on-year in the first quarter, down from 14.3 pct growth in the previous
quarter but above the 8.5 pct forecast in a Reuters poll, data released by the
Slovak Statistics Office showed.
2008-05-15 08:17:05
Italy govt to fund tax cuts with higher taxes on banks, oil companies - report
MILAN (Thomson Financial) - The elimination of the local ICI (LSE: ICI.L - news) tax paid on a
main residence and the fiscal benefits on overtime will cost the government
three to four billion euros, and this will be financed not just from higher
taxes on oil companies and banks, but also with spending cuts, a report in daily
La Stampa said citing different government officials.
2008-05-15 08:03:37
Commerzbank CEO considers subprime crisis 'in stricter sense' over since March
FRANKFURT (Thomson Financial) - Commerzbank AG (Xetra: 803200 - news) .'s parting chief executive
Klaus-Peter Mueller considers the subprime crisis 'in a stricter sense' to have
been over since March.
2008-05-15 07:45:10
French 2007 GDP growth revised upward to 2.2 pct from 1.9 pct
PARIS (Thomson Financial) - French GDP growth in 2007 was revised upward to
2.2 percent from 1.9 percent, bringing it up to a level that matched 2006 growth
and putting it within the French government's targeted range of 2.0-2.5 percent,
statistics office Insee said.
2008-05-15 07:42:55
US Commerce's Gutierrez seeks more China investment, sees rising protectionism
BEIJING (XFN-ASIA) - The US wants to attract more investment from China,
Commerce Secretary Carlos Gutierrez said, as he warned that the trade imbalance
is fuelling protectionist sentiment on both sides of the Pacific (002790.KS - news) .
2008-05-15 07:08:44
Swiss consumer sentiment drops to plus 2 points in April vs plus 14 in January
BERN (Thomson Financial) - Swiss consumer sentiment fell to plus 2 points in
April from plus 14 points in the previous survey in January, the State
Secretariat for Economic Affairs (SECO) said.
2008-05-15 07:02:40
German Q1 preliminary GDP growth 1.5 pct vs 0.3 pct in Q4, consensus 0.7 pct
WIESBADEN, Germany (Thomson Financial) - Germany's first-quarter GDP growth
was 1.5 pct in seasonally, price and calendar-adjusted terms compared with 0.3
pct in the fourth quarter of last year, according to preliminary figures from
the Federal Statistics Office.
2008-05-15 07:01:43
German April final CPI (NYSE: CPY - news) down 0.2 pct vs March, up 2.4 pct year-on-year
WIESBADEN, Germany (Thomson Financial) - Consumer prices in Germany declined
0.2 percent in April from March and were up 2.4 percent from a year earlier,
according to final figures from the Federal Statistics Office.
2008-05-15 06:45:51
New Zealand retail sales down sharply in March quarter
WELLINGTON (Thomson Financial) - Retail sales in New Zealand fell 1.2
percent in the March quarter, marking the largest quarterly fall in 11 years,
official figures showed Thursday.
2008-05-15 06:40:09
Philippines leader to raise minimum wage amid food crisis
MANILA (Thomson Financial) - Philippine President Gloria Arroyo said
Thursday her government will raise the country's minimum wage amid soaring food
and energy prices that have pushed inflation to three-year highs.
2008-05-15 06:27:04
Singapore retail sales rebound in March
SINGAPORE (Thomson Financial) - Singapore's retail sales rebounded in March
as consumers spent more due to higher food and energy prices, the Department of
Statistics said on Thursday.
2008-05-15 05:49:44
Hungary's OTP Bank Q1 net up 9.2 percent to 55 bln forint, beating forecasts
BUDAPEST (Thomson Financial) - Hungary's OTP Bank Nyrt said net income rose
9.2 percent to 55 billion forint in the first quarter of the year.
2008-05-15 04:13:51
China Jan-April urban fixed-asset investment up 25.7 pct - Stats Bureau
BEIJING (XFN-ASIA) - Urban fixed-asset investment rose 25.7 pct year-on-year
in the first four months to 2.84 trln yuan, the National Bureau of Statistics
(NBS) said.
2008-05-15 04:02:26
Philippine overseas workers remittances rise in March but at slower pace
MANILA (Thomson Financial) - Money sent home through banks by overseas-based
Filipinos rose 9.4 percent to $1.4 billion in March from a year earlier, slower
than the 16-percent increase recorded in February, central bank data showed on
Thursday.
2008-05-15 03:05:18
Indonesia to hike fuel prices by 30 percent after May 23 - report
JAKARTA (Thomson Financial) - The Indonesian government will raise prices of
subsidised fuel in the country by not more than 30 percent on average, and only
after May 23 when it will have completed evaluating a proposed cash compensation
program for the poor, Bisnis Indonesia reported.
2008-05-15 02:25:10
Accounting changes help Freddie Mac (NYSE: FRE - news) 1Q beat views
but the mortgage finance company didn't vanquish concerns about its ability to
weather the housing bust.
2008-05-15 01:01:03
Taiwan unlikely to keep inflation below 2 pct this year - report
TAIPEI (XFN-ASIA) - Taiwan will find it difficult to keep the consumer price
index at below an annual growth rate of 2 pct this year, the Economic Daily News
reported, citing incoming vice premier Paul Chiu.
2008-05-15 00:37:53
Singapore retail sales expected to rebound in March on higher prices
SINGAPORE (Thomson Financial) - Retail sales in Singapore probably rebounded
in March after an unexpected decline in February, partly due to higher prices in
general, although continued weakness in car sales will weigh, economists said.
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