Economy

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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Federal Reserve officials not sure about Right Time to Increase Interest Rates

Federal Reserve officials not sure about Right Time to Increase Interest Rates

Federal Reserve officials held minutes of the January 27-28 meeting and it indicated that policymakers don’t actually know when they should begin raising interest rates again or how they should inform about this to the investors.

Interest rates have been very low and some analysts said that they fear economic threats from abroad and the weak job market. However, according to the policymakers, they “observed that a premature increase in rates might damp the apparent solid recovery in real activity and labor market conditions”.

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Candy Crush Soda Saga boosts King Digital’s Q4 revenue and profit

Candy Crush Soda Saga boosts King Digital’s Q4 revenue and profit

The quarterly revenue and profit of King Digital Entertainment, mobile game maker beat market estimates thanks to introduction of Candy Crush Soda Saga in fourth quarter.

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Euro-Area Companies step up hiring as ECB embarks on 1.1 trillion-euro quantitative-easing program

Euro-Area

Euro-area companies have increased hiring as manufacturing and services activity from Germany to Spain accelerated faster than the estimations of economists.

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President Obama Proposes $4 Trillion Budget, 15% goes to Defense

President Obama Proposes $4 Trillion Budget, 15% goes to Defense

The Obama administration has proposed a $4 trillion budget on Monday. The budget has included $585 billion to maintain the security and the defense strategies of the nation. Defense constitutes about 15% of the overall budget with a request of $25 billion more as compared to the enacted defense budget of last year.

The slice of defense is 15% in the proposed budget keeping in mind the latest security challenges that the US is facing in the Middle East and Ukraine.

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