Category: Economy

Economy
Economists Fear China May Depend on Shadow Banking for Giving Boost

After numerous stories of a global slowdown, the Chinese official growth rate has given almost everyone a threat of the future course of the global economy. China is still a major part of the world economy as almost every country is now dependent on Chinese exports. The presence of China is so wide that countries […]

Economy
Service Sector, New Home Sales Picks Up In The US

The United States Commerce Department released data which shows that there was an increase in new home sales and reached its highest since May 2018. It reported that there was a rise of 3.7% and about 621,000 homes were sold this year. The housing data sales can change quickly, and hence it is released on […]

Economy
South Carolina Resident Claims $1.5 Billion Mega Millions Jackpot

The mystery over the owner of the $1.5 Billion Mega Jackpot is likely to be over now. On Monday, Lottery officials declared that a South Carolina resident had stepped forward to claim the $1.5 billion Mega Millions jackpot from last October. It is the largest jackpot payout to a single winner in the history of […]

Economy
Bank of Korea Holds Interest Rates Amid Growth Uncertainties

A slowdown in the global economic growth and the consequent declining exports has been a problem for most countries over the past few months. In this regard, South Korea has been no exception, and as the growth has stalled, the country’s central bank decided to hold interest rates in order to boost growth. According to […]

Economy
HSBC Profits Disappoint as China and UK Challenges Bite

HSBC Holdings recently reported that profits fell well below the analysts’ estimates and has forecasted a gloomy outlook for the current year, as the banking giant’s stock went on a freefall. The bank stated that the less than impressive performance was down to higher expenditure and its stock price that had taken massive hits. However, […]

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