Brazil Economy Shrinks 0.2 Percent In First Quarter
Gross domestic product contracted 0.2 percent from the previous quarter, the statistics agency said, marking the first decline in the key gauge of economic activity since the end of 2016. The figure confirms what many Brazilians already knew -- two years on from a devastating 2015-2016 recession, Brazil's economy is still struggling to recover. "The early signs are that ...
Stocks oscillate between red and green over profit-taking
BOP (-0.4%), MLCF (-0.6%) and UNITY (-3.8%) cumulatively contributed more than 52 million shares to the total volume. On the news front, The Economic Coordination Committee (ECC) has approved the proposed Rs 25 billion Stock Market Support Fund in a bid to boost investor sentiment. FCCL (-4.1%), CHCC (-3.9%), PIOC (-3.1%), DGKC (-2.8%) and MLCF (-0.6%) were the major ...
China accuses US of ‘naked economic terrorism’
?We are against the trade war, but we are not afraid of it,? vice foreign minister Zhang Hanhui said at a press briefing to preview President Xi Jinping?s trip to Russia next week. ?This premeditated instigation of a trade conflict is naked economic terrorism, economic chauvinism, and economic bullying,? Zhang said, stressing that China opposes the systematic use of ...
The bond market is getting another whiff of a recession
It?s called an ?inverted yield curve,? and it happens when yields for short-term US government debt rise above yields for longer-term debt. This part of the yield curve, the three-month Treasury compared against the 10-year Treasury, has been inverted for about a week. Each of the last seven recessions, stretching back to the 1969-70 downturn, was preceded by the ...
Forex Reserves Fall To $15.09 Bln : State Bank Of Pakistan
According to update issued by State Bank of Pakistan (SBP) on Thursday, foreign reserves held by the SBP stood at $8,010. 2 million while net foreign reserves held by commercial banks stood at $ 7,079.6 million. During the week ending May 24, the SBP's reserves decreased due to external debt servicing and other official payments, the statement added.
Russian Central Bank Says Measures On De-Dollarization Reduce External Risks For Russia
Nabiullina also said that as for the recovery of the banking sector of Russia, the most difficult stage already passed, and the CBR managed to avoid large losses for the economy.
BOP announces financial results for Q1 2019
A meeting of The Bank of Punjab Board of Directors was held the other day to consider and approve the unaudited financial statements for the 1st quarter of the year ended March 31, 2019. During the 1st quarter of the year 2019, the bank posted before tax profit of Rs 3.57 billion against Rs 3.01 billion earned during the ...
Hafeez Shaikh urges businessmen to increase exports
Advisor to PM on Finance Dr Abdul Hafeez Shaikh said on Thursday that the government was focusing on improving the ease of doing business in order to facilitate the business community and attract foreign investment. In order to facilitate the business community and attract foreign investment, Hafeez Shaikh said that the government was focusing on improving the ease of ...
US economic growth slightly slower at the start of 2019
US economic growth at the start of 2019 was slightly slower than originally reported but remained robust despite President Donald Trump?s extended government shutdown, according to new data released Thursday. The new estimate left Trump?s economic scorecard largely intact for the first three months of the year, when growth usually slackens, giving him with a potential boost ahead of ...
Italy Can Avoid EU Infringement Probe Into High Public Debt If Gives Explanations -Salvini
The Commission sent a letter to Italian Economy Minister Giovanni Tria on Wednesday, saying he had until Friday to say why had not made "sufficient " in reining in the debt after agreeing to do so in . "I had an hour and a half of talks with the Economy Minister about the letter, which we will respond to politely ...
ECC Approves Finance Division Proposal
ISLAMABAD, (UrduPoint / Pakistan Point News / Online - 30th May, 2019) The Economic Coordination Committee (ECC) of the on Thursday approved proposal of Finance Division, authorizing the to issue sovereign guarantee amounting to Rs.20 for investment in National Investment Trust (NIT)-State Fund,Adviser to on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh ...
Renewable Energy Jobs In UK Decreased 30% Between 2014-2017 Due To Outsourcing - Report
Without a proper industrial strategy [UK] that promotes low-carbon generation like renewables and new , we will be unable to secure the future of our energy supply," Sue Ferns, Prospect's senior deputy secretary general, said as quoted by the outlet.
OGRA recommends Rs8 per litre hike in petrol price: sources
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended up to Rs8.99 hike in prices of petroleum products for the month of June, sources informed Geo News Thursday.
Pakistani rupee registers fresh gains against US dollar
KARACHI (Dunya News) ? The rupee registered fresh gains against the US dollar in the interbank and open markets on Thursday. On Monday, falling demand coupled with a surge in supply had pushed dollar?s price in the open market to Rs149.75 following another decrease of 25 paisa.
US Economic Growth Slightly Slower At The Start Of 2019
The new estimate left 's economic scorecard largely intact for the first three months of the year, when growth usually slackens, giving him with a potential boost ahead of next year's presidential elections. GDP growth in the January-March quarter was revised down to 3.1 percent, compared to the 3.2 percent growth reported last month, according to the Department's ...
Low Export Growth Rate Due To Global Recession: Razak Dawood
He explained that the quantity wise of garments, knitwear, cement, bedwear, food, and foot wear increased by 29%, 16%, 13%, 10%, 11%, and 27% respectively during first 10 months of current fiscal year compared to the period of last year. To another question with respect to the 's expected decision of taking back the facility of zero ...
China central bank to speed up banks’ issuance of perpetual bonds: official
BEIJING: China?s central bank will push forward and speed up the issuance of perpetual bonds by commercial lenders, said Sun Guofeng, head of the monetary policy department at the People?s Bank of China (PBOC), at a forum on Thursday.
BOJ policymaker warns against ‘reckless’ easing to reach price goal
SHIZUOKA: Bank of Japan policymaker Makoto Sakurai on Thursday warned against ?recklessly? ramping up stimulus just to prop up prices, blaming soft inflation on structural factors that were positive for the economy. Sakurai said the BOJ?s attempt to hit its 2 percent target has been hampered by companies? efforts to boost productivity, as they cope with labour shortages by ...
Czech central bank considers investments in China’s yuan
PRAGUE: The Czech National Bank (CNB) has made changes allowing it to start using China?s yuan as a reserve currency in the future, giving it a further investment outlet for its increased foreign exchange holdings, it said on Thursday. ?Currently the CNB is not investing into the Chinese currency,? the statement said, adding it has been monitoring the Chinese ...
Malaysian Prime Minister Proposes To Introduce Common Currency For Trade In East Asia
TOKYO (UrduPoint News / Sputnik - 30th May, 2019) 's Mahathir Mohamad on Thursday proposed to introduce a new gold-pegged common for commercial transactions in East .
