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👤Lisa Harris
🕔October 1, 2016
German Central Banker Andreas Dombret has compared the comet-smash and subsequent death of the dinosaurs to the current state of the banking industry.
“Some banks are already extinct and others are under great pressure to conform, and a lesson from the era of the dinosaurs is still true today: size is not a goal in itself, neither is the size of a single bank a guarantee of its survival,” he stated in a conference in Vienna.…
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👤Nurudeen Amedu
🕔October 1, 2016
There was a 0.5% rise in the Canadian GDP for the month of July on the trail of the previous 0.6% growth in June and May’s 0.6% decrease, this brings the year on year increase to 1.3%. The most recent GDP release will help alleviate concerns about the GDP outlook, but subsequent growth is necessary to fully reverse the market sentiment.…
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👤Xinyang
🕔October 1, 2016
News Event
From Trading Economics: NBS Manufacturing PMI in China came in at 50.4 in September of 2016, the same as in August and in line with consensus. While output and new export orders rose, new orders eased and employment fell marginally less than in a month earlier.…
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👤Xinyang
🕔October 1, 2016
News Event
From Trading Economics: The final reading of the University of Michigan’s consumer sentiment for the United States increased to 91.2 in September of 2016 from a preliminary reading of 89.8 and a final of 89.8 in the previous month.…
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