Category: Economy

economy slow down
Economists Show Concern About India’s Slowdown

Economists in India are concerned about the sharp slowdown experienced by the Indian economy. At a meeting with the Chief of the Reserve Bank of India, the economists have proposed a monetary policy boost in order to support growth according to the participants. The Governor of Reserve Bank of India, Shaktikanta Das met with concerned […]

Oil Prices Remain Optimistic

On Monday, oil prices were pulled in opposite directions by the economic downturn and the supply cuts spearheaded by OPEC along with the U.S. sanctions against Venezuela and Iran. This resulted in mixed oil prices on Monday. Brent crude oil futures went up eight cents to $67.24 per barrel, which is not far off from […]

Australian Three Year Yield Falls Below RBA Rate

The yields of the three-year bonds fell to its lowest since September 2016 below the Reserve Bank of Australia’s policy rate 0f 1.5% which resulted in speculation of a rate cut due to a slowdown in the Australian economy. Moreover, the retail sales and business confidence data shows slow growth, property market, and global trade […]

Commerzbank and Deutsche Bank Go On Record About Mega Merger

Deutsche Bank has been in the doldrums for close to half a decade now and eventually the German government reportedly stepped in by suggesting a mega merger with rivals Commerzbank. Speculation had been rife over the past month or so that the banks were in talks about a merger but neither of the two banks […]

Japan Firms Offer Smaller Pay Hikes In 2019

Large Japanese firms offered small pay increases during the annual wage talks held on Wednesday amidst economy slowdown. The firms hope that domestic consumption will help offset the external risks to growth. Many large firms are gearing up to increase wages for the sixth consecutive year as Prime Minister Shinzo Abe continued pressuring businesses to […]

Instant Transfer of Funds to Bank Accounts Made Possible Using Paypal Now

PayPal will introduce an Instant Transfer feature in the United States, allowing users to instantly move funds received to their registered bank accounts. This feature will be first rolled out for the United States users right now, with businesses to get this feature in coming weeks and international roll out in the near future. PayPal […]

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