The Investec Services Purchasing Managers’ Index (PMI) in Ireland fell to 57.4 from 59.5, its lowest level since March 2018. As per the results of a survey released on Friday, growth in the Ireland’s services sector have dipped slightly from… Read More ›
economy
Myanmar scales back Kyauk Pyu deepwater port fearing debt trap
Myanmar seems to have learned the lessons of China-back projects in Sri Lanka and Pakistan. Avoids walking into a debt trap. According to a top government official from Myanmar, the government is scaling back plans for a port project funded… Read More ›
Sky TV Poll shows majority of British voters think Brexit would be bad for the country’s economy
The nationally representative sample throws light on what British voters want out of the Brexit deal. On Monday, as per the results of a Sky TV poll, 50% of British voters support a referendum for choosing between leaving the European… Read More ›
China to invest more in infrastructure to offset trade war impacts on its economy
Chinese policymakers have ample room to boost fiscal outlays in government spending, with one of the options being sprucing up much-needed urban facilities, including parking lots and retirement homes, rather than plough in funds in mega projects. According to Chinese… Read More ›
The ECB’s options vis-a-vis its bond buying program
The following is an interesting take on the options available to the ECB on ways to stimulate economic growth and curate inflation in the Eurozone. The European Central Bank is likely to maintains its stimulus policy on Thursday, given the… Read More ›
Policy debate on China’s monetary policy rages as economy faces strong headwinds
China will require an active and dynamic support system for its fiscal and regulatory policies so that it can mitigate the challenges posed by the deepening trade war with the United States. A slowdown in China’s economy due to its… Read More ›
Philippines’ San Miguel to invest $1 billion to build 10 breweries
The announcement marks the continuation of the conglomerate’s aggressive expansion strategy, which it began in 2008. On Wednesday, senior executives from Philippines’ San Miguel Corp stated, the conglomerate plans to invest at least $1 billion (£764.18 million) within the next… Read More ›
China registers highest trade surplus levels with U.S. in June since Dec. 2017
The data could potentially prolong and deepen the ongoing trade war. Official data from the U.S. shows, Beijing’s exports to the United States, have unexpectedly risen to record highs. China’s trade surplus with the U.S. peaked in June and could… Read More ›
Chinese stocks and yuan falls as Trump threatens tariffs worth $200 billion on Chinese imports to the U.S
In the last 12 months ending May 2018, China has strategically reduced its imports from the U.S. to USD162bn. Investors are anxious to see how China responds to the new U.S. threats. On Wednesday, following U.S. President’s Donald Trump’s threat… Read More ›
Shanghai to open up auto sector to foreign investment
The developments comes a day after Tesla announced that it would build an auto plant in Shanghai that would double its global auto manufacturing capacity. On Wednesday, Huang Ou, the deputy director of Shanghai Commission of Economy and Information Technology… Read More ›