The Reserve Bank of India launched a new set of rules regarding the deposit of demonetized notes. The new set of restrictions were welcomed with complaints among confused individuals.
The accumulated regulations over the decades have been blamed for the slow economic growth in the U.S. A recent study revealed that the buildup of regulations have caused higher costs and more complicated decision-making for the firms operating in the economy.
Here is how Australia's household debt binge has left the country vulnerable as economy shrinks.
FED has claimed that US economy is still at its highest life as it expands towards regions.
A commissioned report revealed that the hard Brexit would bring significant damage to the wealth-creating and manufacturing sectors of the UK economy. MPs supporting the continued membership in the single market are set to present the findings of the study in an Open Britain event.
Canada is trying to get their infrastructure as quickly as possible to spur growth.
The IMF calls banks, policy makers, and other key players in both advanced and emerging markets to address economic problems immediately. IMF warned that current issues and uncertainty could lead to a new financial crisis or economic stagnancy in a global sense.
The New York Fed announced its new GDP tracking and forecasting tool, the FRBNY Nowcast. The tool will use near real-time data to update U.S. economic growth daily, as the Fed will release a report weekly using the tool and data.
Hoist Finance Publ AB has confirmed that negotiations are going on for strategic partnership with Bank of Greece. If fruitful, the strategic partnership may generate more opportunities in Greece economy through Hoist Finance.
In the annual Boao Forum for Asia (BFA) last Thursday, Premier Li Keqiang deliver keynote speech. He pledged the government will refrain to intervene in economic and market.
Rating agency ICRA forecasts India's gross domestic product (GDP) growth rate at 7.7 percent for next financial year 2016-17. The rating agency cites reasons for GDP growth rate to the implementation of 7th Pay Commission, OROP recommendations and domestic consumption.
China and U.S. has been competing for a place in the economy and politics of Cuba. China has been doing business with Cuba for several years and the U.S. is just making a start. The edge that Washington sees is the proximity as being Cuba's neighbor.
The strengthening of Yen is eroding the value of Japan's exports to the US. Its overall exports volume was flat, while the value declined over four percent owing to rising Yen.
New Zealand's economy growth rate was higher than the forecasts for last quarter of 2015. Led by business services, retail, accommodation and construction sectors, the country's gross domestic product (GDP) surpassed the forecasts made by Reuters and Reserve Bank. But, the overall growth eased to 2.3 percent in 2015 from 4.1 percent in 2014.
Justin Trudeau, the new Prime Minister of Canada, has ruled out any possibility of new stimulus funds as new budget deficit is expected to be C$30 billion ($22.5 billion). Canada’s Finance Minister Bill Morneau will present the budget on 22nd of March 2016.
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