economy

Canada Dispenses Investment Structure; Opts Faster Economy Growth

Canada is trying to get their infrastructure as quickly as possible to spur growth.

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IMF Warns of New Financial Crisis and Economic Instability, Calling Immediate Action

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.

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The NY Fed Unveils Its Own Economy Forecasting Tool Using Near Real-Time Data

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.

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Hoist Finance confirms talks with Bank of Greece over partnership

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.

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Prime Minister Li Keqiang is Optimist for China's Economic Recovery

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.

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ICRA foresees 7.7% growth for India in 2016-17

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.

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U.S. Competes with China for Business and Influence in Cuba

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.

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Yen rise deflates value of Japan's exports to US

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.

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New Zealand's GDP growth rate beats forecasts

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.

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Canada's Prime Minister Trudeau to forego stimulu; Budget deficit may be C$30bln

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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Japan's banking woes may hit global markets

The turbulent situation Japan's banking sector is likely to impact global markets. A leading hedge fund manager says that collapse in the Japan's banking industry blindsides the market, while shrugging off any possibility of banking crisis in the world's third largest economy.

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China's Real Estate Sector Contributes to The Country's Economy Amid Weak Exports and Economic Slowdown

China’s property market keeps on growing even amid the country’s economic slowdown and weak exports. The surge in the real estate sector is contributing positively to the country’s economy as a new economic driver.

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UAE’s Beco Capital Projects Tech Startups to Boom in The Region Amid Low Oil Prices

UAE venture capital firm BECO Capital expects that the tech sector will spur amid the slowdown in the economy due to low oil prices. Especially in the region, the firm projects that tech startups will face a significant growth as the government seek to achieve diversification to non-oil sectors.

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Nicola Sturgeon Acknowledges Scotland's Economy Challenges, Said The Country Remains Fundamentally Strong After £15 Billion Deficit

Scottish First Prime Minister Nicola Sturgeon said in an interview that the country’s economy remains strong even amid challenges that she acknowledges. She expects that the huge deficit would be manageable after separation.

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South Africa's Manufacturing and Mining Output Contract, Slow Down Economy Even More

South Africa's output in the manufacturing and mining sector might not be a good sign to start the year right. More mining sites stopped their operations creating illegal mining. The president should do something as investors are skeptical on how he handles the country's economic situation.

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