US: IBD/TIPP Economic Optimism falls to 38.4 in October

FXstreet.com (Barcelona) - The US IBD/TIPP Economic Optimism dropped to 38.4 in October from 46 registered the previous month, the Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) reported today. Analysts expected an increase to 46.2.

Oct 8, 2013

IMF cuts global growth outlook, urges US to raise debt ceiling

The International Monetary Fund released its revised growth forecasts today and warned that the political stalemate in the US might lead to the country's default, if not resolved shortly. The Fund was however more upbeat on growth prospects for the Eurozone and the UK.

Top Japanese banker resigns in organised crime loan scandal

Yasuhiro Sato, the president of Mizuho Financial Group has stepped down from a government economic panel after top officials admitted to knowledge that the bank was providing loans to criminal gangs.