On Tuesday, Singapore’s Ministry of Trade and Industry released information regarding its economy. According to the data provided by the ministry, the local economy contracted by 42.9% in the second quarter of 2020 compared to the previous quarter on an annualized, seasonally adjusted basis. Importantly, the country’s economy contracted more than initially expected. The updated …
Singapore’s Economy Contracted by 42.9% in the Q2 Read More »
The coronavirus pandemic continues to affect the U.S. economy. The U.S. economy added more than 1.7 million jobs in July. Based on the information provided by the Labor Department, nonfarm payrolls increased by 1.763 million for the month. Importantly, the unemployment rate dropped to 10.2% from its previous 11.1%. Furthermore, this result surpassed expectations. Moreover, …
Online shopping has step-by-step become a part of modern life all around the world. Moreover, people hear about Amazon and Alibaba on a daily basis. However, online shopping remains a fraction of overall retail sales. According to official data, China’s online sales of physical goods still only account for about a quarter of overall retail …
Chinese Companies, E-Commerce, and Coronavirus Pandemic Read More »
Greek Prime Minister Kyriakos Mitsotakis revealed the details for upcoming tax cuts to restore its credibility. The famous country in southeastern Europe aims to clean its reputation as the “black sheep of Europe.” During a keynote policy speech at the annual trade fair in Thessaloniki, Mitsotakis said that Greece is a country with “self-confidence.” Adding …
Greek PM’s Reforms Aim to Ease Fiscal Target | Wibest Read More »
A local survey was conducted in the UK that showed that several British employers still plan to hire more employees. The result came as a surprise because the people are currently weighed by Brexit fears and concerns about the nation’s economy. The British organization, Recruitment & Employment Confederation or REC, appears to have similar sentiments …
The Indian economy slowed down to its lowest records last seen in more than five years in the second quarter. Economists and experts are blaming the slowing demand and weakening investment growth of the country. The news further weighed on the concerns from the Indian Central Bank’s minutes from August’s meeting. The minutes showed that …
Patrick Imam, the local representative of the IMF in Zimbabwe, warned the country against raising the wages of government employees. Harare has been considering the boost since the new currency expanded the inflation rate. The new currency also reduced the spending power of the government to almost a tenth of its capability last February. In …
CURRENCY PAIRS – After data showed steady Chinese economic growth in the first quarter, the Aussie shot to a two-month peak on Wednesday, helping it shake off earlier losses. From the previous $0.7206, the Aussie was 0.2 percent higher at $0.7190, its strongest since Feb. 21. A four-month peak of 80.71 was also touched by the …
Aussie Surges, Euro Recovers with China’s Economy Read More »
The International Monetary Fund slashed its global growth forecasts on and a survey showed increasing negativity among business chiefs as trade tensions and uncertainty loomed over the world’s biggest annual gathering. The bleak IMF forecasts, published on the eve of the World Economic Forum in Davos, Switzerland, emphasized the challenges that are faced by policymakers …
Factory activity weakened across Asia in December as the US-China trade war and a slowdown in Chinese demand hit production in most countries, strengthening the case for a pause in interest rate hikes in the region in 2019. Read more here!
As the risks to the global economy increases, the Bank of Japan (BOJ) is expected to tag along in a string of warnings from other policymakers of the threat to growth from protectionism and signal its resolve to keep the money plug open. Read more!
US companies possibly maintained a solid pace of hiring in November while increasing wages for workers, indicating that the economy is still strong enough for the Federal Reserve to continue raising interest rates in 2019. The Labor Department will publish its closely followed monthly employment report on Friday against a backdrop of a sharp selloff …
US Employment Expected to be Easing over Economy Fears Read More »
The Bank of Japan retain its policy settings at its meeting this week, according to economists in a poll, amid stronger speculation that the BOJ will eventually use greater flexibility in yield movements as a tightening measure. [img desc: Bank of Japan Maintains Policy Stance, Centers on 10-Year Yield Range] All 46 analysts that were …
Japan to Retain Policy, Centers on 10-Year Yield Range Read More »
Saudi Arabia is planning to balance its state budgets over the medium term although they stay willing to accept deficits if they are needed to fuel economic growth, according to Finance Minister Mohammed al-Jadaan. The government has announced that it will get rid of the budget gap, officially projected at 148 billion riyals ($39.5 billion) …
Saudi Arabia Willing to Accept Deficit for Economic Growth Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
