The Asian giant fell into an unexpected recession, and Japan lost its position as the world’s third largest economy to Germany. Japan, once the world’s second-largest economy, on Thursday reported its second consecutive quarter of economic contraction. The revised annualized rate for the third quarter was a decrease of 3.3%, but the annualized rate of…
According to him, fintech companies have a huge capacity for collaboration and disruption and a chance to grow both in India and internationally. Speaking of startups, he said that the industry needs to consider how it can collaborate with international businesses. In 25 years, India’s economy would be worth $25 trillion, and 20–25 percent of…
BEIJING (AP) — Asian stocks followed Wall Street lower Tuesday as fears expanded that U.S. rate climbs to battle expansion could slow down financial development. Market benchmarks in Tokyo, Hong Kong, Seoul and Sydney fell. Shanghai progressed. Oil costs fell more than $1 yet remained above $100 per barrel. Money Street’s benchmark S&P 500 file…
Interpreting Jay Powell’s Fedspeak after the rate cut. The Federal Reserve on Wednesday trim loan costs for the third time since July, yet Chairman Jerome Powell flagged that it is finished lessening acquiring costs for the present. That is awful news for President Donald Trump, who has boisterously called for rates to drop to zero…