Here comes the big trouble, for with floating of naira comes massive devaluation, Hyperinflation and higher interest rate. Nigerian government has finally bowed to recommendation by masterly International Monetary Fund (IMF) to devalue naira by allowing the embittered currency to float. Nigerian government cannot be accused of dithering; the government held his own but oddities […]
Wayne Wile — existing home sales plunge 7.1%
There is no better indicator of the health of the US economy than housing. Not that it should be so important. But America is a consumer society and housing is the biggest ticket item there is for most people. On March 21, we got the existing home sales data for February. Demand for housing shocked […]
US Jobs Market is Firming; Report
Last week, there was an unexpected fall in the number of Americans who filed for unemployment benefits. This points to the strength of the labor market that will keep the interest rate hikes of the Federal Reserve on the table this year. On Thursday, other data showed a contraction in the factory activity in the […]
Nippon Capital Asset Management J-LLC: Japan Avoids Technical Recession
Nippon Capital Asset Management J-LLC revisions to the first read on Q3 GDP shows Japan narrowly avoided a technical recession. Japan’s economy narrowly avoided a technical recession in the third quarter of the year after revised data showed that business investment picked up in the three months July to September. A preliminary reading had shown […]
Axia Consultants Mergers and Acquisitions Unit experiencing rapid revenue growth
1888PressRelease – Axia Consultants, the financial services company based in Tokyo, earlier this year radically overhauled its corporate Mergers and Acquisitions department. The improvements are paying dividends with business up 35% over the same period last year. Demand for corporate mergers and acquisitions in Asia has been growing dramatically year on year since the end […]
Technology Is Power, Says President
‘Expansion Is Life, Contraction Is Death’ New Delhi (PIB-GR-TYP-BIN): The second batch of 19 NIT scholars from across the country participating in an ‘In-Residence’ programme of Rashtrapati Bhavan called on the President of India, Mr. Pranab Mukherjee on May 21, at Rashtrapati Bhavan. Speaking on the occasion, the President quoted Swami Vivekananda and said that Expansion […]
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