African Free Trade Act to boost US exports: South Africa
Members have to remove tariffs from 90% of goods which will facilitate free access to goods and services across the continent...
Category : Economy
Kuwait firm on keeping discount rate at 3% despite global changes
Kuwait took the decision to keep the discount rate unchanged to maintain the competitiveness of the national currency...
Saudi Arabia’s budget deficit in second quarter widens to $8.9 bn
Saudi Arabia's spending was up by 5% but oil revenue dropped 4% year-on-year...
Mexico promises immediate effect of stimulus on economy
The $25 bn stimulus include credits, accelerated spending on goods and services, and money from an infrastructure fund...
Trade war weighs as Thailand’s exports contract 2.91% in H1
The Commerce Ministry said that Thai exports contracted by 5.8 percent in May, 2.6 percent in April and 4.9 percent in March...
Bank Indonesia makes key rate cut as economy slows down, exports drop
The ongoing US-China trade war has hit Indonesia’ s economy also as exports and Auxilliary raw material imports fell...
Surging baht hurting Thailand’s tourism; central bank gets into action
The apex bank is planning to ease the policies on money outflows by providing additional flexibility on portfolio investments...
China Q2 GDP growth drops to 6.2%; weakest in over two decades
China’s economic slowdown could impact the rest of Asia and lead to a global recession as trade war looms...
Africa’s free trade agreement to boost trade among its nations by 60%
The deal will join the markets of 50 countries, unite the continent’s 1.27 bn people and add to its $3.4 tn nominal GDP...
New Brazil pension bill a shot in the arm for financial reform
The bill is Bolsonaro’s prime agenda as it will save around $263 bn of public money over the next decade...