Japan Economy’s shrank more than estimate impacted yen

Japan’s economy shrank slightly more than initially thought in the April-June quarter, official data released Tuesday showed, deepening a contraction that was already the worst in the nation’s modern history. The world’s third-largest economy shrank 7.9% in the second quarter of this year from the previous quarter, more than the initial 7.8% in the preliminary [...]

Slow ’employment progress and economic recovery’ pressurizes greenback

In an interview, on the sidelines of the Mines and Money Online Connect Global mining conference, the celebrated fund manager said that while he is no fan of the Federal Reserve, he sees that they are in an untenable position as they try to support the U.S. economy as it continues to feel the significant [...]

Euro weakens as European Central Bank worries on the inflation

Consumer prices in the 19-nation euro area are falling for the first time in four years, the consumer prices are projected to fall to -0.2% in August, down from 0.4% in July, and turning to negative for the first time in four years, the bloc’s statistic office announced Tuesday. A flash estimate of Euro stat [...]