Category: Economy

Officials in Venezuela decided to sell gold reserves
May 26, 2016 No Responses

Officials in Venezuela decided to sell gold reserves

Due to severe economic crisis, Venezuela sold $1.7 billion in gold in the first quarter of 2016, in a desperate attempt to feed its nationals Despite Venezuela having larger gold reserves than Saudi Arabia (367 tonnes – 16th in the...
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Europe’s economy expected to drop again
May 23, 2016 No Responses

Europe’s economy expected to drop again

The economy on the continent is expected to crash, despite numerous policymakers’ attempts to bring it back to life Latest data have revealed that business growth this month was the lowest of the last 16 months. The Markit’s Purchasing Manager&#821...
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G-7 Leaders meet in Japan
May 23, 2016 No Responses

G-7 Leaders meet in Japan

With the occasion of the Global Economy Week, G-7 leaders and Fed Officials will comment on the global economy situation Leaders of the seven leading industrialized countries will start debating in Japan on hot topics such as the global geopolitical...
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Japan avoids falling into recession
May 19, 2016 No Responses

Japan avoids falling into recession

Japan avoided financial crisis,as in the first quarter of this year the consumers boosted country’s economy Due to high consumers’ spendings, Japan’s economy experienced a 0.4pc increase in the first three months of 2016, following a drop of ...
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Investors worry after stock markets in China fell
May 10, 2016 No Responses

Investors worry after stock markets in China fell

Shares in China fell this week after the Communist Party announced that the country’s economic growth trend will be an “L-shaped” one Traders believe that the Chinese economy will recover in an “L-shaped” growth, rather than “U-shaped” or “V-sh...
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South Africa’s President: the economy is “weathering the storm”
May 10, 2016 No Responses

South Africa’s President: the economy is “weathering the storm”

President Jacob Zuma unveiled initiatives to boost SA’s economic growth The private and public sectors, civil society, government, labour and business will join forces to fund small entrepreneurs, as President Zuma declared after receiving a governmental...
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China lobbies for “market economy status” growth
May 9, 2016 No Responses

China lobbies for “market economy status” growth

Officials in Beijing are trying to gain “market economy status”, despite Europe and US opposition The impact of Chinese imports on US and European jobs has triggered the intention of blocking automatic MES for Beijing expected this year in December....
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