The Indian Government pushed for a populist interim budget by raising the income-tax ceiling for salaried employees and doling out cash to farmers, in addition to providing monthly pensions to workers in the unorganized sector
The Consumer Price Index (CPI) of the eurozone came in below expectations in August, after the revised data showed that inflation rose by a smaller 0.1 percent against the flash estimate of a 0.2-percent increase.
Taiwan’s forex (foreign exchange) reserves reached record levels at the end of July, largely due to the exceptionally high returns on the Central Bank of the Republic of China (Taiwan)’s investment portfolio, as confirmed by the bank on Monday.
The pound sterling fell to 27-month lows against the greenback on July 16, after Boris Johnson and Jeremy Hunt, frontrunners to succeed outgoing UK Prime Minister Theresa May, hardened their Brexit pitches over the Irish backstop.
Despite expressing downright disdain for bitcoin on several occasions in the past, it would appear that Jamie Dimon has had a major change of heart for digital currencies. The JPMorgan Chase chief executive was a renowned critic of cryptocurrencies once upon a time, but on February 14
Over the last few months, market experts have been sounding the death knell for the United States’ dominance in world trade and the effectiveness of the dollar as the reserve currency, which has historically enjoyed strong investor confidence.
Crude-oil prices extended gains midway through August, with analysts viewing this as a positive sign that prices could firm in the near future. The optimistic outlook comes against the backdrop of an expected surge in demand for gasoline amid the driving season in the United States
Industrial production in Germany fell by a bigger-than-expected 1.5 percent month-on-month in June 2019, after the escalating trade war between the United States and China triggered a negative impact on the country’s exports.