Venezuelan telecom sector is reeling under pressure as it lacks additional funds availability, the physical currency of dollars. The cash-strapped telecom companies are unable to strengthen their networks. The soaring inflation doesn't allow them to raise a tariff.
The market analysts, economists say that current situation is favoring the US Fed to take a decision on interest rate hike. The improvement in the labor market in low-income jobs is giving much-needed support to the US Fed.
European Central Bank may expand quantitative easing program as the inflation is hovering at near zero level of 01. percent for August. ECB Vice-President also indicated that QE program may be widened further.
On September 25, the U.S. Air Force's new KC-46A will start to take off and have its first flight. The aircraft is an aerial refueling tanker made by Boeing Co. The flight was announced Tuesday by Brig. Gen. Duke Richards during the Air & Space Conference near Washington, DC. The development for the eventual successor to the KC-135 and KC-10 was originally planned for the spring as reported by Defense Tech.
President Barack Obama is hosting his Chinese counterpart, Xi Jinping, for an official state visit next week. A state dinner will be held at the White House on September 25 to welcome Xi, who will be accompanied by his wife Peng Liyuan, a Chinese folk singing superstar.
President Barack Obama announced on Tuesday some updates on the Free Application for Federal Student Aid process or FAFSA. This is a part of the president's aim to make college education more affordable for students and families.
Jeb Bush in his latest speech and in his article in The Wall Street Journal (WSJ) came down heavily on 'Carried interest' of the corporate big shots while maintaining focus on tax structure. As part of the tax reform plan, his aim to using capital gains tax rate is also raising many eyebrows. Market analysts forecast that the move would pinch Wall Street's wallet significantly.
With an objective of boosting economic growth, Serbia has slashed interest rate for a consecutive second month. The inflation rate is below the government's target and GDP growth rate was also eased in 2014. The decision of Serbia, the biggest former Yugoslav republic, to slash interest rate for a consecutive second month surprised everyone as it unexpected one both the times.
The output for German industry soared for the month of July at its quickest rates so far this year, shown by the data from the Economy Ministry on Monday. This means that Europes's biggest economy was powered even at the beginning of Q3 according to Reuters.
China faces risks of deflation, as manufacturers' selling prices fall for the 42nd consecutive month in August. The Producer Price Index (PPI) shed 5.9% from a year earlier, much worse than market expectations of a 5.5% decline.
The Australian dollar has slightly recovered after Australian employers created more jobs than what economists forecasted last month, pulling down the unemployment rate. According to Bloomberg, the Australian dollar was at 69.70 U.S. cents as of 11:38 am in Sydney on Thursday, down by 0.7% from the previous day. It had been at 69.53 cents just before the statistics bureau announced the number of employed in Australia climbed to 17,400 in August. An increase of 5,000 jobs is expected by analysts, according to the median estimate in a Bloomberg survey. The rate for the jobless went down from 6.3% to 6.2 % in July.
Polish mobile network operators Plus and Play are for the scraping of the government's plan to shorten the bid period for the high-speed Internet frequencies for fear that it would penalize some bidders.
At a time when anti-immigration groups in Germany are raising voices against the influx of immigrants in big numbers, the debate on whether immigrants would be a burden or beneficial on the economy remains vibrant.
Brazil's investment-grade credit falls beyond correction and into junk territory as Standard & Poor's downgraded the country's debt Wednesday. According to a report from The Guardian, Standard & Poor's said that Brazil lost its investment-grade status as it is projected with a negative outlook. This downgrade is unfortunate as the nation enters a recession.
French Industry slumps lower in the third quarter as production unexpectedly fell to 0.8%, a number lowest since November 2014. Economists forecasted a 0.2 increase according to Bloomberg survey, making the 0.8 percent downward curve such a big surprise. The statistics office reported Thursday that French industry output fell by 0.8 percent annually. Meanwhile, manufacturing output also dropped by 1 percent this month.