Hong Kong spends billions to avert recession as protests hit the economy By Mark Thompson, CNN Business Updated 10:09 AM ET, Thu August 15, 2019 London (CNN Business) Hong Kong is pumping billions of dollars into its economy in a bid to avert a recession as the city’s political crisis disrupts business and slams financial […]
Argentina on the Cusp of Default. Fear Looms as Traders Dump Assets. Sydney Maki and Aline Oyamada Bloomberg. August 13, 2019 (Bloomberg) — Suddenly, fears of a full-blown financial crisis in Argentina have once again come rushing to the fore. In the wake of President Mauricio Macri’s stunning […]
Argentina’s massive stock market and currency sell-off triggers risk of contagion, analysts warn. Argentina is in recession and has 55% inflation. 2nd largest economy in South America. UPDATED WED, AUG 14 2019 1:04 AM EDT Sam Meredith. CNBC. The risk of contagion has flared-up following a stock market and […]
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 […]
