Capital Economics

Falling Oil Price Benefits Chinese Consumers
Commodities

Mohit Jayachandran is breathing a sigh of relief. The 30-year-old engineer with Fluor Daniel, a multinational engineering and project management company in Gurgaon, near India’s capital New Delhi, says he will be having a decent end-of-year vacation this time, after a long year.

China's manufacturing still weakening
Emerging Markets

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China’s (FXI, quote)  manufacturing activity continued to contract in April, but at a slower pace, according to HSBC’s preliminary purchasing managers’ index (PMI) released on Wednesday.