China Inflation declines to 4.3% m-o-m in March
As coronavirus continues to jolt the world economy, China, where the virus originated, is facing a sharp economic slowdown. The number of virus infected cases has crossed 1.50 million, with 95 thousand deaths and almost 351,000 recoveries. In the US,
Read MoreJapan Core Machinery Orders Increase 2.3% m-o-m in February
Amid the gloomy business outlook across the globe due to coronavirus outbreak and poor economic activity, there was two positive economic data from Japan earlier today. First one was the core machinery orders that surprised economists and market as a
Read MoreSouth African Rand Hits New Historical Low Against US Dollar
The South African rand posted a new historical low of 18.278 against the greenback, with investors selling off most vulnerable assets and moving to safe haven assets as the outbreak of Covid-19 has increased worries about the currently feeble economy.
Read MoreSouth Korea Retail Sales Declines 6% in February
South Korea’s industrial production fell by a seasonally adjusted 3.8% m-o-m in February, as per data published by Statistics Korea. In the previous month, industrial production contracted by 1.3%. On y-o-y basis, industrial production increased 11.4%, after declining 2.6% in
Read MoreIndia Announces Rate Cut, Unveils $23bln. Stimulus Package to Nullify COVID-19 Impact on Economy
India’s central bank slashed its benchmark interest rate in an unanticipated manner and rolled out measures to enhance liquidity to fight the economic sluggishness sparked by COVID-19 outbreak and ensure financial resilience. The Monetary Policy Committee of the RBI (Reserve
Read MoreMexico Central Bank Announces Deeper Rate Cut to Mitigate COVID-19 Disease Impact
Banco de México, in an off-cycle step, announced its largest benchmark rate cut in six years and committed support for the financial markets within the framework of further combative actions to alleviate the impact of COVID-19 disease implications. Mexico’s central
Read MoreWoodford Investors Expected To Lose More Money
Neil Woodford was one of the biggest fund managers in the UK and it was his star power that attracted many investors to his equity fund. However, this popular investment fund went bust and his investors were left with a
Read MoreCanadian Investors Want Regulatory Measures For The Market
One of the many things that you often hear serious investors moan about is the many regulations they have to comply with. Many investors around the world believe that a free market is better for profits. However, Canadian investors are
Read MoreMore Than 1,000 EU Financial Firms Setup In London
London is one of the most important financial hubs in the world. The Brexit saga caused a dark cloud to hang over the city of London as many firms moved out of Britain to keep trading with the EU with
Read MoreWorld Bank Forecast Suggests Global Economies Will Struggle In 2020
The World Bank has released its forecast for 2020 and it is not great news. The report showed that 2019 was marked by the weak performance of the global economy. If you were expecting a better forecast for 2020, you
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