Economy

China’s export-import growth slips

China’s export-import growth slips

China suffered a minor setback in the growth of its exports and imports during July this year, newly revealed trade data showed. Some analysts warned that weaker import growth could be signaling a long-expected slowdown in the world’s second-biggest economy.

Raymond Yeung, chief economist for Greater China at Hong Kong-based ANZ, said, “External demand is not really worrying in terms of the outlook. But we have to be cautious about the import outlook.”

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Mario Draghi was right in keeping inflation expectations low

Mario Draghi was right in keeping inflation expectations low

The European Central Bank’s president, Mario Draghi, kept expectations for the rate of inflation during this summer low, and data collected during the month of July has proved him right.

Growth of consumer price in the euro zone was recorded at 1.3 per cent, which is enough to argue that risk of deflation has disappeared but it is too little to meet Draghi’s goal of just under 2 per cent.

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Barclays results depict bleak picture of South African economy

Barclays results depict bleak picture of South African economy

Johannesburg-based Barclays Africa Group’s discouraging earnings report has delivered further evidence of South Africa’s gloomy economy.

The lender reported 10 percent decline in earnings excluding one-time items at its main South African consumer unit in the 6 months through June this year. Deposits fell 14 per cent.

Maria Ramos, who took charge as CEO of Barclays Africa in 2009, admitted that the economic environment would like remain “challenging” for the next many months.

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Strong Jobs Data Pushes Dow Jones Towards All-Time High

Strong Jobs Data Pushes Dow Jones Towards All-Time High

The U.S. Stock markets jumped on Friday as strong jobs data increased risk appetite among long term investors. Investors are confident that the U.S. economy will report strong growth, backed by strong jobs market. As the U.S. economy depends on consumer spending, strong job market would ensure higher consumer spending in the coming quarters. In June, the U.S. economy added 222,000 jobs. The biggest gains were witnessed in healthcare, professional services, restaurants and government departments, the Labor department report informed.

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South Africa Faces Another Setback with Low Business Confidence Index

South Africa Faces Another Setback with Low Business Confidence Index

Moody’s Investor Service recently downgraded South Africa in its ratings review. A latest survey indicating lower business confidence will be another major setback for South Africa after political turmoil the country is already facing. South African economy slipped into recession as the recent economic and manufacturing reported decline in revenue. Business confidence dropped to levels not seen since year 2009 in South Africa.

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South Africa faces Moody’s Rating Downgrade

South Africa faces Moody’s Rating Downgrade

South Africa faced a major setback as Moody’s Investor Services lowered the ratings for the country to the lowest investment grade. Moody’s has also reduced foreign and local-currency ratings for South Africa to Baa3. Moody’s has cited political issues and lower growth estimates as major reasons for downgrade. The report kept the outlook as negative.

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Forecasts of China’s Economic Growth and Consumer Inflation for 2015 revised down

Forecasts of China’s Economic Growth and Consumer Inflation for 2015 revised dow

Owing to increased downward pressure on economic growth, economists at China's central bank have reduced their growth and consumer inflation forecast for 2015.

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Yellen Indicates Interest Rate Increase if the Economy Continues to Perform

Yellen Indicates Interest Rate Increase if the Economy Continues to Perform

This month, the selloff in Treasuries had a connection to the bond commotion in Europe. Janet Yellen the Federal Reserve Chair repeated to the investors that any additional losses in bonds may result into stronger U. S. economy and credit tightening by the central-bank.

For the fourth time in the past five weeks, there was a rise noted in the ten-year yields all resulting from the anticipation of the interest rates rising in the near future. On Friday, in a speech Yellen said that a rate increase will be suitable in the present year "if the economy continues to improve."

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US Import Prices decline in April

US Import Prices decline in April

For a straight 10th month, US import prices declined in April. The decline could be due to the impact of a strong dollar.

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Coca-Cola and Pepsi Face obstacle as US dollar Surges

Coca-Cola and Pepsi Face obstacle as US dollar Surges

The biggest problem that Coca-Cola and Pepsi face these days is the increasing US dollar as both the companies have significant percentage of their revenue from overseas markets. According to experts, the two giants depend on overseas customers for nearly half of their revenue.

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