Bank of Japan Rolls out Additional Easing Measures to Nullify COVID-19 Impact
The Bank of Japan has announced additional policy easing measures, along with other parallel initiatives with top central banks across the globe in order to mitigate the effects of financial market sell off sparked by worries over coronavirus outbreak. The
Read MoreIceland 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 MoreUK Tax Office Clarifies Crypto Position And New Tax Laws
Her Majesty’s Revenue and Customs (HMRC) office, the top office for taxes in the UK, recently released its new guidelines for cryptocurrency taxation. They will apply to both individuals and businesses. This is a major move by the office since
Read MoreAussie Net Worth Falls In Global Wealth Report 2019
Australia is a bit poorer now as the net worth of the Australians has fallen significantly. This is mostly because of the decline in the Australian dollar and the weak Australian market. The average wealth of Australian adults is now
Read MoreCBR Looking At FX Trading Loopholes By Payment Providers
The Bank of Russia continues its crusade against forex trading and is now taking a shot at payment providers. The central bank has identified 140 companies that it says illegally offer forex trading to Russian consumers. This continues the war
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