Slower economic growth in Angola will have a negative effect on exports from the south-west African nation’s main trading partners, especially Portugal and Brazil. Forecasts released by the Organisation for Economic Cooperation and Development, OECD, which groups the world’s industrialised countrirs, predict that Angola’s annual growth rate will fall by 15 percentage points in 2009. […]
Bank Of Canada Cuts Benchmark Rates On Deeper Slowdown In U.S. Economy
According to emerging reports, the Bank of Canada will be next in line among the host of global central banks to act in the midst of a troubled U.S. economy. The central bank said on Tuesday that it will decrease its overnight lending rates by 50 basis points. That will place the benchmark lending rate […]
‘Rising Re bigger risk than slowdown’
WASHINGTON: The economic slowdown in the US offers both a challenge and an opportunity to the Indian IT industry though a weakening dollar is already hurting their bottomlines, according to an industry leader. “We have been through this once before in 2000-2001,” said Arvind Thakur, CEO of NIIT Technologies Ltd, a global IT services organisation […]
COVID-19 Could Change SA’s Car Insurance Industry Forever
South African car owners behaviour may change as a consequence of the spread of the coronavirus impact. Many are the areas that are already affected economically by the health crisis caused by the COVID-19 impact. One of the most affected areas is the car insurance industry. Due to their own nature of protection and risk […]
India is Downgraded and the RBI is Attempting to Stimulate Transaction Growth
While the Reserve Bank of India (RBI) is attempting to stimulate the economy with de-regulation, Moody’s cut is outlook on India’s credit rating. The budget in India remains the main concern for analysts, as the government cuts corporate taxes amidst an economic slowdown. To additionally help stimulate growth, the RBI announced new measures that will […]
How Do I Short Sale My Home to Avoid Foreclosure?
When anyone makes a new home purchase, they had the understandable desire of securing stability, building equity, and being on time every single month. But a harsh dose of reality does indeed indicate that as one of the biggest debt items there is out there, mortgages can bestow a solid amount of risk along with […]
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