New Zealand’s central bank stuns as bold 50-basis-point rate cut bowls over kiwi dollar AUGUST 6, 2019 Reuters. WELLINGTON (Reuters) – New Zealand’s central bank stunned markets on Wednesday by cutting interest rates a steep 50 basis points and even flagged the risk of going nuclear by taking […]
Has Australia’s economy finally run out of luck? The Guardian. August 13, 2019 Wages are stagnant. Wealth is falling. House prices are down. Consumers aren’t spending. Businesses aren’t investing. Interest rates are at record lows and may be heading for zero. The federal government and Reserve Bank seem locked […]
As Singapore relooks 2019 projections, economists warn of possible technical recession SINGAPORE: With policymakers here reviewing their full-year growth projections, some economists have warned that the Singapore economy could grow slower than initially thought, or even risk falling into a technical recession, as the trade spat between the […]
CAN. August 13, 2019 Singapore has cut its expected growth for the year to between 0 and 1 per cent. Annual gross domestic product (GDP) is expected to come in “at around the mid-point of the forecast range”, said the Ministry of Trade and Industry (MTI) on Tuesday (Aug […]
Brazil Economic Activity Gauge Flashes Recession in New Blow. Retail sales negative. Latin America’s largest economy contracted 0.2% in the first three months of the year Mario Sergio Lima. Bloomberg•August 12, 2019 (Bloomberg) — Brazil likely fell into recession in the second quarter according to a key gauge […]
Mexican trade chief slams U.S. demand on tomato inspections as ‘unacceptable’. 1.5 million tomato growers in Mexico at risk. The measure would trigger a logistical “collapse” in cross-border trade. Reuters•August 7, 2019 MEXICO CITY, Aug 7 (Reuters) – A top Mexico trade negotiator on Tuesday slammed a U.S. […]
Turkey is the poster child for what happens when politicians mess with central banks Analysis by Matt Egan, CNN Business. Updated 1:27 PM ET, Mon July 8, 2019 New York (CNN Business) Central banks aren’t perfect, but they work best when politicians aren’t calling the shots. That pillar of monetary […]
Millions of Syrians call Turkey home. An economic crisis is turning them into scapegoats By Gul Tuysuz, CNN Updated 7:16 AM ET, Thu August 8, 2019 Istanbul (CNN) Bahaa, a 33-year-old Syrian textile worker, has a new morning commute. Every day, he makes his way to a workshop […]
Lebanon Newspaper devotes entire issue to ‘wake-up call’ for the country. “Wake Up” Before Its Too Late! That could apply to the whole world. By Tamara Qiblawi, CNN Updated 10:36 AM ET, Thu August 8, 2019 Beirut, Lebanon (CNN) Lebanon’s leading English language daily newspaper published a blank issue […]
India’s car market just had its worst month in 18 years. 1 million jobs are at risk By Rishi Iyengar, CNN Business Updated 12:24 PM ET, Tue August 13, 2019 New Delhi (CNN Business) Just two years ago, India’s huge car market was booming and global players were rushing to invest. Now […]
