Finance News Coverage

Time 2020-12-19 14:04:17

Web Name: Finance News Coverage

WebSite: http://www.financenewscoverage.com

ID:139302

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Demands for high yielding currencies, namely South African Rand, the Russian Rouble, and the top performing Mexican Peso highly increased in the month of May 2020. It shows that flows are starting to move back to the emerging markets those are otherwise considered risky. The investors are showing their confidence grow slowly but cautiously, as Continue reading Easing restrictions make the appetite flow back to the emerging markets Predictions have been made earlier about an inevitable oncoming global recession. There has been much speculation recently in the print media about the impending global economy crash. There has been talks about the inevitable fall out this global crash will cause. There are some reasons assigned by some renowned economists of the world and it Continue reading The Global Recession in 2020- How True? The Sub Saharan Africa has mobile money providers, who have waved or reduced their transaction fees. The local governments are encouraging the people to make digital payments. It is to use as a strategy to wean off person to person contacts. The Kenya Commercial bank, which is the largest lender by asset base in East Continue reading COVID-19 Pandemic helps to digitize African banks OECD is concerned about the possibility of a second wave of the coronavirus. If that happens, the global economic growth will contract by 7.6% in this year of 2020 only. It will remain well short of its Pre-Crisis level, even by the end of next year. Countries such as France, the United Kingdom, Spain, and Continue reading OECD reports the economic impact to be dire everywhere, because of the coronavirus crisis A good recovery and steep climb were observed in the S P 500. The climb was above the level where it began the year on the same day the economists commented that the United States of America has fell into the well of recession in the month of February 2020. The economy is back to where Continue reading Stock Market turns positive for the year, despite the recession A survey in Hong Kong revealed a widespread fear among the US companies in Hong Kong about the impact of what the Beijing is planning as National Security Legislation. The US companies in Hong Kong is very uncertain about the impact this Beijing legislation could have on business operations in Hong Kong. About more than Continue reading Most of the US firms in Hong Kong are worried about security laws Singapore is fighting to stabilise an economy that has been shattered by COVID-19. It has recently infused SGD 33 billion cash into the economy. It is the fourth stimulus to the city states packages in as many months. The Finance Minister of Singapore, Heng Swee Keat said Quote “We are dedicating close to SGD 100bn Continue reading Fourth Stimulus package announced by Singapore to counter the effects of COVID-19 there The major markets in Asia Pacific jump as much as 49% from their lows in March 2020. All these markets have bounced back strongly. It is because of its sustainability in spite of the historic period of volatility and uncertainty during the rapidly spreading COVID-19 global pandemic outbreak in the month of March 2020. Some Continue reading A noticeable 49% jump in Asia pacific major markets Forced savings during the lockdown period to help the borrowings in India, as stated by HSBC. HSBC also says that the consumers in India cannot be counted upon to initiate and accelerate economic growth in the country, through their spending, as they did previously. But the savings of Indian consumers can help to fund an Continue reading Economic Growth in India now cannot be through spending-HSBC The European Central bank is set to scale up the stimulus as the new data can indicate that there is a need to do more. The European Central Bank unveiled its Pandemic Emergency Purchase Programme or PEPP in the month of March 2020. It will see it buy 750 billion Euros or $819 billion in Continue reading The European Central Bank set to scale up stimulus

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