15
Jul
Posted by Emvertex

US President Donald trump and first lady melania trump arrived in Japan on May 25 for a four-day state visit. In Japan, trump urged business leaders to invest more in the United States, saying there has never been a better time to do so. Trump's visit to Japan is the first by a foreign head of state since Japan entered the new era, fox news and Reuters reported. Trump said he wants to address the U.S. -japan trade imbalance and…

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24
Jun
Posted by Emvertex

Governor cuomo's budget amendment would have a revenue shortfall of $2.6 billion. To fill the gap, Mr Cuomo has made adjustments to a number of budget allocations. Mr Cuomo recently announced that income tax revenues for the new fiscal year were $2.3 billion lower than expected because of the poor performance of the stock market and the migration of the wealthy, blaming the new tax law for the problem. State and local taxes (SALT), in particular, are capped at $10,000,…

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18
Jun
Posted by Emvertex

Australian Banks issue "fake silver paper"? Australia's central bank confirmed on Thursday that a new a $50 note issued in October had three places where the word "responsibility" was replaced by "responsibilty", missing an "I". A total of 46 million new notes were printed, many of them out of the market, and it remains unclear how to remedy them. The new note introduces new security features to epitomise Australia's first female mp Edith. Edith Cowan's maiden speech to congress in…

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4
Jun
Posted by Emvertex

South Korea's gross domestic product unexpectedly shrank 0.3 percent in the first quarter from the previous quarter, its worst quarter in a decade, led by falling investment, a weaker technology sector and falling exports. Economists polled by Reuters did not expect the south Korean economy to contract, with the median forecast for a modest 0.3 percent growth. GDP grew at an annualised rate of just 1.8 per cent in the first quarter, below expectations of 2.5 per cent. Exports, which…

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27
May
Posted by Emvertex

The dollar index rose 1.3 percent in the first two weeks to 98.3, its highest since the middle of 2017, and some experts worry that continued dollar strength will weigh on s&p earnings and hurt stocks further. Savita Subramanian, equity and quantitative strategist at bank of America merrill lynch, estimated in an April 29 report that the dollar's strength this year will reduce the earnings of s&p 500 companies by 2.1 percent, the biggest impact since the fourth quarter of…

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13
May
Posted by Emvertex

Canada's central bank decided to leave interest rates unchanged; The central bank also lowered its forecast for economic growth in 2019, which is expected to show little growth this year. In addition, the central bank removed all comments in its statement about the need to raise interest rates in the future, reflecting that the central bank no longer appears to be in a hurry to raise rates. This is the fourth time in a row that the central bank has…

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9
Apr
Posted by Emvertex

The International Monetary Fund today revised down its forecast for U.S. economic growth this year to 2.3 percent. But the international monetary fund says the United States will still outpace other advanced countries as the global economy slows. In its quarterly World Economic Outlook, the imf said growth in the World's largest economy, the United States, would be revised down to 2.3 percent this year from an estimate of 2.5 percent in January, but remained relatively strong.The report also warned…

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29
Mar
Posted by Emvertex

The international trade deficit narrowed from its all-time high, Posting a gap of 4.2 billion yuan in January, mainly due to higher oil exports, Statistics Canada said Wednesday. The statistics bureau also revised the actual balance of international trade in December to 4.8 billion yuan from 4.6 billion yuan, the largest ever recorded by Canada. The value of imports inched up 1.5 per cent in January from the previous month, but exports almost doubled, the report showed. It had a…

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20
Mar
Posted by Emvertex

Rent in Manchester most expensive outside of London, 30th in Europe Birmingham sees biggest rent increase in the UK, up £110 per month Edinburgh re-enters top 50 most expensive rent in Europe Dublin rent enters top five most expensive in Europe Rent in London is the most expensive in Europe for expats, averaging USD 7,189 (£5,187) per month for a three-bed home according to the latest annual research published by global mobility experts, ECA International (ECA). Despite uncertainty around Brexit,…

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18
Mar
Posted by Emvertex

Deutsche bank and commerzbank, Germany's two largest private Banks, announced today that they are in merger talks. The historic merger, despite government support, leaves open the question of whether it will create internationally competitive big Banks. Germany's financial industry was deeply hit by the global financial crisis in 2008. Deutsche Bank, the largest Bank, suffered a series of losses in recent years and broke out in the money laundering scandal. After tens of thousands of job cuts at Commerzbank, which…

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