Iceland Slashes Interest Rate to Record Low To Combat COVID-19 Impact
The Central Bank of Iceland has trimmed its benchmark interest rate and slashed the reserve requirement for banks in a startling move Wednesday as the economic outlook is turning gloomy amidst the outbreak of coronavirus (COVID-19 disease). The central bank
Read MoreRussian Rouble Falls to Fourteen-Month Low as Oil Prices Nose Dive
The Russian rouble declined against the greenback Friday to hit a new fourteen month low as investors ran for cover to protect their wealth amidst the unabated spread of coronavirus across the world. The sharp decline in oil price, following
Read MoreUS Fed Announces Emergency Rate Cut, Hong Kong Follows Suit
The monetary authority of Hong Kong followed the footsteps of the US Federal Reserve and slashed the base lending rate by 50 basis points today. Notably, on Tuesday, the US Federal Reserve announced an emergency interest rate cut to negate
Read MoreJapan Manufacturing Sector Contracts the Most in Four Years
In the fourth-quarter of fiscal 2019, Japanese enterprises slashed their investment on equipment and plant, while the manufacturing sector shrank the maximum since 2016. Production volumes were negatively impacted by delays in input deliveries and drop in demand in February.
Read MoreIndia Records Slowest Economic Growth in 6yrs
In the quarter ended December, India recorded its slowest rate of economic growth in six years and the near-term outlook remains gloomy as coronavirus spreads across the globe. The country’s GDP rose by 4.7% in October to December quarter, according
Read MoreNew Zealand Retail Sales Volume Edges Upwards by 0.7% in Q4
The data published by Statistics New Zealand indicated that the total volume of retail sales in New Zealand increased by a seasonally adjusted 0.7% q-o-q in 4Q19. The reported figures were slightly below economists call for an increase of 0.8%
Read MoreFTC Warns Investors To Not Be Duped By False Promotions
People are always on the lookout for ways to get rich. This is why you see so many get-rich-quick schemes becoming so successful and the people behind them have no trouble getting money out of individuals who fall for the
Read MoreUS Household Debt Surpasses $14T For The First Time In History
Americans struggle with the concept of delayed gratification and that’s one of the main reasons why they have a reputation for spending money they don’t have. The recent report from the Federal Reserve Bank of New York shows that Americans
Read MoreLondon Block Exchange Set To Go Into Liquidation
Though the rumours have been circulating for over a year regarding the poor financial health of the London Block Exchange (LBX), analysts did not take those rumours seriously as the company still looked to be going strong. The company went
Read MoreNew Indian IPOs Expected To Bring In Billions Of Dollar In 2020
Initial public offerings (IPOs) are a major move by companies to get some funding for their potential expansion and operation. A successful IPO can transform a company from a minor player to a major player in the market. India seems
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