Economy

Dramatic Variations in Climate Affecting China’s Economy

Dramatic Variations in Climate Affecting China’s Economy

Climate change is posing difficulties for China. At one place, Northern Chinese provinces are experiencing dry ups, the southern part of the country is dealing with floods.

Location: 
Company: 

China’s PPI Drops 0.9% in July

China’s PPI Drops 0.9% in July

According to the National Bureau of Statistics, China's producer price index (PPI) saw a decline of 0.9% year on year in July. China's PPI - used to measure inflation at wholesale level - has declined for 29th month on the trot. The only respite is the rate of decline that has reduced for the fourth consecutive month. It is down from 1.1% in June, 1.4% in May, 2% in April and 2.3% in March.

The narrowing is a clear indication that there have been slight improvements in market situation for industrial products in recent months, said NBS senior statistician Yu Qiumei.

Location: 

BOJ Maintains its View that Economy is Recovering

BOJ Maintains its View that Economy is Recovering

The bank of Japan said the world's third-largest economy is recovering, which is in line with a recent batch of soft data that suggested rise in overseas shipments will repair the damages caused by a sales tax hike in April.

BOJ Governor Haruhiko Kuroda remained optimistic for the economy. Data is all set to be released next week and is expected to show the biggest problems suffered in economic activity since the global financial crisis emerged.

Company: 

40% of Americans are Struggling Financially: Survey

40% of Americans are Struggling Financially: Survey

A recently released Federal Reserve survey has revealed that it has been five years since the great recession took place but till now four in 10 American households are careworn financially. Reasons for this may vary from tight credit, education debt to retirement issues.

The Federal Reserve survey undertakes the study of American consumers, so as to assess their economic well-being and know about the overall economic picture of the economy.

Location: 

Nifty Stays above 7700; Markets Rebounds

Nifty Stays above 7700; Markets Rebounds

Indian Stock Market traded positive on Tuesday and BSE Sensex closed just 100 point less than 26,000 while NSE Nifty closed at 7,746.

Location: 

Saudi Bourse Bill Approved by Cabinet

Saudi Bourse Bill Approved by Cabinet

To open the Arab World's largest stock market, Saudi Arabia's cabinet finally gave permission to the financial regulator. This is to make direct investment by foreign financial institutions. In the world's largest oil exporter, the Saudi market which is capitalized around $530 billion is amongst the most awaited monetary reforms.

Location: 

China’s central bank cuts requirement to support small firms

China’s central bank cuts requirement to support small firms

China's central bank, People's Bank of China has announced its decision to allow reserve-requirement cut to Industrial Bank Co. and China Minsheng Banking Corp in order to allow the small firms to boost business.

The central bank is aiming to boost economic growth without the need for a large scale economic stimulus programme. The PBOC has approved a half percentage-point cut for Industrial Bank and Minsheng Bank.

Location: 

Addition of 192,000 Jobs in U.S. Economy in March

Addition of 192,000 Jobs in U.S. Economy in March

Despite of slowdown in economic recovery in winters, the U.S. economy has added 192,000 jobs in March, a good news for jobseekers. The Obama Administration has taken the decision to increase the number of jobs after considering the difficult situation regarding the long-term unemployment, which is about 33% in the country.

Out of total jobs, about 57,000 have been added with rapid expansion of the professional and business services sector, 19,000 jobs in the health care industry and the construction sector.

News: 
Location: 

Poverty Declining; Financial Inequality Major Issue

Poverty Declining; Financial Inequality Major Issue

The new stats released have suggested decline in the number of poor by 4 million in the country. The prices of commodities are rising and it is becoming increasingly difficult for locals to manage their expenses. As per the data till year 2011, 16.3 million people were below lower-bound poverty line, said statistician general Pali Lehohla.

Social grants have helped in reducing poverty. Compared to 2.6 million grants in 1993, 16.6 million grants were issued in 2011.

Person: 
News: 
Location: 

Current Account Deficit Declines; Economy Weakens

Current Account Deficit Declines; Economy Weakens

Lower imports during fourth quarter helped in keeping current account deficit in control. However, the bigger trouble for the economy is the lower spending, which touched low of year 2009 in fourth quarter.

As per the data released by Reserve Bank, the current account deficit declined to 5.1 percent during Q42013. Compared to high of 6.4 percent during third quarter, the current data would give some breather to Reserve Bank and the Ministry of Finance.

News: 
Location: 

Pages

Popular Stories

Harley-Davidson to turn 8 Dyna motorbikes into new Softail bikes

Betting big on cruisers, the luxury motorcycle... Read More

Uber’s net loss declines as ride bookings grow

Uber Technologies reported lower loss by nearly 9... Read More

Samsung Galaxy Note 8 facing challenges on multiple fronts

The Samsung Galaxy Note 8 is facing an increasingly... Read More

Leaked reports reveal more about new BMW M5

Luxury carmaker BMW’s next-generation M5 car will... Read More

Tesla announces risky new approach to customer service

During the past few years, Tesla was slammed by a... Read More