Economy

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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