A US federal data blackout deepened Thursday as a government shutdown halted the release of third quarter GDP figures, forcing policymakers, financial institutions and business owners to continue flying blind. The world’s biggest economy has already delayed reports on employment, trade, retail sales and others, only recalling some furloughed staff to produce key inflation figures … Continue reading “No GDP Data Released As US Shutdown Bites”

  State-run refiner Indian Oil has paused new orders for Russian oil after the U.S. imposed sanctions last week on Moscow’s top two producers. The International Oil Company has purchased two million barrels of West African crude from ExxonMobil via a tender on Wednesday, Reuters said, quoting trade sources. The purchase was for Mondo from … Continue reading “India IOC Dumps Russia, Imports Two Million Barrels From Nigeria, Angola”

  The European Central Bank is expected to keep interest rates unchanged for its third straight meeting Thursday, with inflation hovering around its target and the eurozone economy holding up. Following a year-long series of cuts, the ECB has kept its key deposit rate steady at two percent since July. Inflation has settled around the … Continue reading “ECB To Hold Rates Steady Again”

  US policymakers, financial institutions, and business owners have been flying blind for almost a month as a government shutdown has stopped the release of crucial federal economic data ranging from the size of the labor force to the country’s GDP. The void is set to deepen by Thursday as Washington holds off publishing gross … Continue reading “US Economy In The Dark As Govt Shutdown Cuts Off Crucial Data”