EXPORTS IN JAPAN FELL BY 19.2 PERCENT IN THE FIRST HALF OF FISCAL 2020

Highlights –

• Exports in Japan fell by 19.2 percent in the first half of fiscal 2020.
• Japan logged a goods trade surplus of $6.4 billion.
• Through six months exports fell to 30.91 trillion yen.
• Imports also dropped by 17.2 pe...

GREEK FINANCE MINISTER HINTS AT HIGHER DEFENSE EXPENDITURE

HIGHLIGHTS

• Greece might soon spend on its armed forces.
• Greek finance minister has advocated the idea of boosting armed forces.
• Despite financial crisis, Greece is trying to strengthen its defense amid tensions with Turkey.

AN EVICTION WAVE COULD MORPH INTO A FINANCIAL CRISIS, ECONOMIST WARNS

Highlights

• Nearly 2-in-5 tenants across the country could be served eviction notices
• They are particularly low-wage workers  

On Friday, an economist with mortgage aggregator LendingTree said that the U.S. ...

The total number of U.S. banks and credit unions dropped

Since 2010, the total number of U.S. banks and credit unions has dropped to just 10,537 financial institutions by an astonishing 31 per cent.

Yet there have been only a couple of credit union-bank mergers in the last two years, compared to nearly 400 business mergers. Although not fresh...

Exporters look ahead after disappointing 2019

The trade-dependent economy of Singapore reached its lowest export showing yet ever since the global financial crisis owing to non-oil domestic exports (NODX) dropping by 9.2% in 2019.

According to existing data provided by the trade agency Enterprise Singapore this Friday, this drop sh...

Where is the Indian economy headed?   

Indian economy is not performing well in the Prime Minister Modi's second term. Recently released major economic indicators reflects a slow-down.  

Real GDP growth rate is at 4.5%. In the last five years, it is the lowest. The production of investment goods is declining, while ...

Indian Economy is witnessing great slowdown: Arvind Subramanian, Former CEA

India’s former Chief Economic Adviser (CEA) Arvind Subramanian stated that India is facing a "Great Slowdown". Primarily due to a "second wave" of the twin balance sheet crisis at banks, its economy is headed for the intensive care unit.

He add...

Pharma to grow more in the coming years

As this year saw some major changed in the global industry we think that this has impacted many sectors and for most the impact has been harmful but The pharmaceutical industry has shown some pretty incredible growth, and we believe that the industry has immense potential to grow in the future de...

Mergers of banks threaten the insurances

As the financial and banking systems are on the verge of collapsing in India there have been developments in the insurance sector too that have been seeing a downfall as a result of various fraudulent activities in the insurance world that have been rising in number in the recent years.

Finances worsening than the less developed nations

Finances in India are somewhat a mess these days as the government is trying to rob the common masses of their own hard-earned money. The Indian economy is in shambles following the poor economic choices of the Modi led BJP governed India.

The financial situation of the country has neve...

IMF cuts global growth outlook to lowest since financial crisis

On Tuesday, 9th April, the IMF i.e. The International Monetary Fund cut its forecast of global growth to the lowest level recorded ever since the occurrence of the financial crisis, warning that there will be major downside risks to the economy of the world such as a massive rise in the levels of de...