Citi: World economy trapped in 'death spiral' The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi has warned.
| By: Katy Barnato
PREVIEW-Japan's economy likely contracted in Q4 on consumer weakness *GDP due at 2350 GMT Feb. 14. TOKYO, Feb 5- Japan's economy likely contracted in the final quarter of last year, a Reuters poll showed on Friday, having dodged recession in the previous quarter and dragged down by weakness in consumer spending and firms' capital expenditure. "Domestic demand probably sharply declined, notably consumer spending," said Hidenobu Tokuda,...
| By: Kaori Kaneko
UPDATE 1-Indonesia 2015 GDP weakest in 6 years despite acceleration in Q4 JAKARTA, Feb 5- Indonesia's economy picked up speed in the fourth quarter but full-year growth was still the slowest since the global financial crisis as weak consumption, investment and exports took a toll on output. Southeast Asia's largest economy grew 4.79 percent in 2015, underpinned by public spending, data from the statistics bureau showed on Friday.
| By: Hidayat Setiaji and Nilufar Rizki
Indonesia Q4 GDP growth picks up speed, 2015 growth still weak JAKARTA, Feb 5- Indonesia's economy grew 5.04 percent from a year earlier in the final quarter of 2015, faster than market expectation, as government spending countered weak exports and consumption. The growth pace in October-December was also faster than in the third quarter, which the statistics bureau revised slightly up to 4.74 percent.
How millennials can plan for retirement Despite the stereotypes, Millennials can start building up their retirement nest egg today if they plan wisely, USA TODAY reports.
Source: USA Today
| By: Jeff Reeves
Beijing's bumpy ride: Gauging China's ups, downs A slowdown in China, the world's biggest growth engine, is spooking financial markets, even though global exposure to Chinese assets is still minimal.
| By: Andrew Osterland, special to CNBC.com