American business activity declines to 17-month minimum
In September, American private sector activity speeded down to a 17-month minimum, as follows from Friday’s survey data…
Indian economic surge is set to end five-quarter decline
In the July-September quarter Indian economic surge managed to rebound from the slowest growth for three years. Apparently, demand picked up moderately because the effects from a shocking ban on high-value currency notes relieved, as a Reuters survey disclosed.
If it’s true, the data is going to be the fresh evidence of a broad-based world’s economic upturn throughout Asia.
India happened to be the world's fastest-ascending major economy of last year. However, already-slowing surge was suppressed by the sudden cash clampdown of 2016 imposed by Prime Minister Narendra Modi's government. The radical measure affected consumer spending.
In July, the Indian authorities rolled out a goods and services tax, which made sweeping changes to the way businesses across Asia's number three economy charge taxes. It delivered another blow to the Indian economy.
However, the Reuters survey of 52 financial experts over the last week revealed that GDP growth probably added to 6.4% from 2016 during the July-September quarter versus 5.7% in the previous period.
Similar
Weekly CryptoNews
John Mccaffee, crypto enthusiast, investor: “Stay true, stay the course and hold…
American existing home sales are intact in August
In August, American home sales stood still, although inventory added for the first time for three years because the housing market kept struggling notwithstanding strength across the broader American economy…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
