Mexico Central Bank Announces Deeper Rate Cut to Mitigate COVID-19 Disease Impact

Banco de México, in an off-cycle step, announced its largest benchmark rate cut in six years and committed support for the financial markets within the framework of further combative actions to alleviate the impact of COVID-19 disease implications. Mexico’s central

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New Zealand GDP Growth Slows Down to 0.5% in 4Q19

Statistics New Zealand reported that the country’s economy expanded by a seasonally adjusted 0.5% q-o-q in the fourth-quarter of 2019. That was below the 0.8% q-o-q GDP growth recorded in the earlier quarter, but in line with economists’ expectations. The

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Bank of Japan Rolls out Additional Easing Measures to Nullify COVID-19 Impact

The Bank of Japan has announced additional policy easing measures, along with other parallel initiatives with top central banks across the globe in order to mitigate the effects of financial market sell off sparked by worries over coronavirus outbreak. The

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Iceland Slashes Interest Rate to Record Low To Combat COVID-19 Impact

The Central Bank of Iceland has trimmed its benchmark interest rate and slashed the reserve requirement for banks in a startling move Wednesday as the economic outlook is turning gloomy amidst the outbreak of coronavirus (COVID-19 disease). The central bank

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Russian Rouble Falls to Fourteen-Month Low as Oil Prices Nose Dive

The Russian rouble declined against the greenback Friday to hit a new fourteen month low as investors ran for cover to protect their wealth amidst the unabated spread of coronavirus across the world. The sharp decline in oil price, following

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US Fed Announces Emergency Rate Cut, Hong Kong Follows Suit

The monetary authority of Hong Kong followed the footsteps of the US Federal Reserve and slashed the base lending rate by 50 basis points today. Notably, on Tuesday, the US Federal Reserve announced an emergency interest rate cut to negate

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Japan Manufacturing Sector Contracts the Most in Four Years

In the fourth-quarter of fiscal 2019, Japanese enterprises slashed their investment on equipment and plant, while the manufacturing sector shrank the maximum since 2016. Production volumes were negatively impacted by delays in input deliveries and drop in demand in February.

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India Records Slowest Economic Growth in 6yrs

In the quarter ended December, India recorded its slowest rate of economic growth in six years and the near-term outlook remains gloomy as coronavirus spreads across the globe. The country’s GDP rose by 4.7% in October to December quarter, according

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New Zealand Retail Sales Volume Edges Upwards by 0.7% in Q4

The data published by Statistics New Zealand indicated that the total volume of retail sales in New Zealand increased by a seasonally adjusted 0.7% q-o-q in 4Q19. The reported figures were slightly below economists call for an increase of 0.8%

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FTC Warns Investors To Not Be Duped By False Promotions

People are always on the lookout for ways to get rich. This is why you see so many get-rich-quick schemes becoming so successful and the people behind them have no trouble getting money out of individuals who fall for the

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