World economy talk

[OLDisCOOL]

Philippines Inflation Quickens In July, Exceeds Expectations

8/4/2014 10:36 PM ET
Consumer prices in the Philippines rose at a faster than expected rate in July as food and non-alcoholic beverage prices increased, data from the National Statistics Office of Philippines showed Tuesday.

Consumer prices grew 4.9 percent year-over-year in July, marking the steepest rise in prices since November 2011. This was faster than the 4.4 percent rise in June and the 4.6 percent increase expected by economists.

Heavily weighed food and non-alcoholic beverages prices climbed 8.2 percent in July following the 7.4 percent growth in June.

Also, housing, water, electricity, gas and other fuels prices rose 2.4 percent, at a faster rate than in June. Health and transport prices also recorded faster increases in July.

Education costs grew 5.1 percent in July, faster than the 5 percent increase in June.

Meanwhile, prices of alcoholic beverages, clothing and footwear, communication and recreation and culture rose at a slower rate in July.

Core consumer prices, excluding food and energy prices, increased 3 percent in July following a 2.8 percent rise in June.

On a month-over-month basis, consumer prices rose at a faster rate of 0.6 percent, after the 0.4 percent hike in June.

Blame the inflation on Erap & Isko Moreno. These actors-turned-politician are wrecking havoc on our economy. The strict truck ban screwed us nicely and they just played with words to make it sound fair.

Next election you need to remember that these clowns are not your friends

[uls]

Blame the inflation on Erap & Isko Moreno. These actors-turned-politician are wrecking havoc on our economy. The strict truck ban screwed us nicely and they just played with words to make it sound fair.

Next election you need to remember that these clowns are not your friends

yup

most businesses are affected

inventories are running out and container vans are still stuck at the port

those geniuses in govt have f*cked up the supply chain

[Lady Bathory]

German 2-year bond yield goes negative.

[uls]

^^

safe haven demand

http://online.wsj.com/articles/ukrai...nds-1407417598

Investors scooped up safer government bonds in the U.S. and Germany on Thursday as geopolitical tensions in Ukraine boosted demand for haven assets.

The buying pushed up price of the benchmark 10-year Treasury note for a fifth straight session.

Higher prices sent bond yields tumbling. The 10-year Treasury yield fell to near the lowest level of 2014. The 10-year German government bond's yield hit a record low near 1%. The two-year German government bond yield traded at zero.

In recent trading, the benchmark 10-year Treasury note was 7/32 higher, yielding 2.447%, according to Tradeweb.

In Germany, the 10-year government bond's yield fell to 1.073%. The U.K. 10-year government bond yield slid to 2.497%.

[uls]

just when you thought volatility is back it collapses again

[badkuk]

yup

most businesses are affected

inventories are running out and container vans are still stuck at the port

those geniuses in govt have f*cked up the supply chain

Am wondering why nobody has called them out on this. Iba na talaga pag mahal ng masa, you can do no wrong

[Monseratto]

BBC News - Japan's economy shrinks after sales tax rise

13 August 2014 Last updated at 01:34
Japan's economy shrinks after sales tax rise

Japan's economy contracted by an annualised 6.8% in the second quarter of the year, the biggest fall since 2011 when it was devastated by an earthquake and tsunami.

The official gross domestic product (GDP) figure though was smaller than the 7.1% drop economists expected.

The shrinkage was largely in response to a government sales tax, which held back consumer spending.

Japan's sales tax rose from 5% to 8% in April.

On a quarterly basis, the economy contracted 1.7% in the second quarter after a 1.5% rise in the first three months.

[Monseratto]

BBC News - Japan's economy shrinks after sales tax rise

13 August 2014 Last updated at 01:34
Japan's economy shrinks after sales tax rise

Japan's economy contracted by an annualised 6.8% in the second quarter of the year, the biggest fall since 2011 when it was devastated by an earthquake and tsunami.

The official gross domestic product (GDP) figure though was smaller than the 7.1% drop economists expected.

The shrinkage was largely in response to a government sales tax, which held back consumer spending.

Japan's sales tax rose from 5% to 8% in April.

On a quarterly basis, the economy contracted 1.7% in the second quarter after a 1.5% rise in the first three months.

[Monseratto]

Oil falls further; Brent crude at 13-month low - Futures Movers - MarketWatch

Oil falls further; Brent crude at 13-month low
By Eric Yep

Crude-oil futures extended losses in Asian trade Wednesday, pushing Brent crude to its lowest in more than a year.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in September CLU4 +0.06% traded at $97.09 a barrel, down $0.28 in the Globex electronic session. September Brent crude UK:LCOU4 +0.19% on London’s ICE Futures exchange fell $0.40 to $102.62 a barrel.

Brent crude traded at its lowest since early July 2013 after on Tuesday the International Energy Agency cut global demand forecasts for both 2014 and 2015, and said markets remain well supplied despite events in the Middle East and Ukraine.

[Monseratto]

Sugar Crush!!!

Candy Crush' Maker King Reports Earnings, A $150 Million Dividend, And The Stock Is Crashing
STEVE KOVACH

King, the maker of popular mobile games like "Candy Crush Saga," reported earnings for last quarter on Tuesday.
Earnings were right in line with expectations, but it was a miss on revenue.

Here's the score:

EPS: $0.59 vs. $0.59 expected.

Revenue: $593.5 million vs. $606 million expected.

The stock is crashing. It was down at least 20% after hours.

King also announced a $150 million one-time dividend for the company's top directors, executives, and investors.

King games had 138 million daily active users and 485 million monthly active users last quarter.

Because of last quarter's lower-than-expected revenue, King is lowering its guidance for the rest of the year. It expects gross bookings to be $500 million to $525 for the quarter ending September 30. It expects gross bookings for the fiscal year ending Dec. 31 to be $2.25 billion to $2.35 billion.

Read more: LIVE: Candy Crush Maker King Reports Earnings And The Stock Is Crashing | Business Insider