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Australia in Danger of Credit Downgrade
Australia received a warning from Standard & Poor's (S&P) this week that it is on downgrade watch. Although the nation presently enjoys a AAA rating, the downgrade warning signals...
Initial U.S. Job Data Strengthens
Initial previews of America’s job market indicate resurgence for workers, but economists remain wary. Jobless claims fell to their lowest point in three months last week, falling to 254,000...
Russian Economy Shows Little Sign of Improvement
Russia’s GDP failed to improve as lower oil prices and Western sanctions hamper growth. Oil prices increased in the past year, but not enough for Russia to secure economic...
Is Chinese Push for Innovation Just a New Economic Bubble?
The Chinese government has put a heavy focus on innovation as a means of driving its economy and improving its recent, flagging performance. Local governments have heard the call...
Trade Balance Expands as Fed Turns Soft
Federal Reserve chiefs are reversing course on America’s economy as the country’s trade deficit widens with foreign nations. In May, the trade balance deficit rose 9.9% to $41.1 billion,...
Indian Prime Minister Visits Mozambique
Prime Minister Narendra Modi will begin a four-day tour throughout Africa, with his first stop in Mozambique, according to The Tribune. The prime minister has agreed to a Memorandum...
U.S. Economy Weakens: GDP Estimates Chopped, Factory Orders Fall
Lower factory orders and a lower growth expectation show cracks in America’s already slow recovery. Factory orders for manufactured goods fell 1% in May, according to a new report...
Argentine Business Community Remains Nervous as Economy Recovers
Manufacturing companies in Argentina have postponed investments in the second half of the year, as the economy takes longer than expected to recover, according to Reuters. President Mauricio Macri...
Canada and Ireland Economic Treaty Strengthens Cultural and Financial Ties
Ireland has been slowly recovering from a long economic roller coaster that started with the global financial crisis in 2008 and has not improved as quickly as the rest...
Low Growth Fears Hit Global Bond Yields
The problem of negative returns on sovereign bonds may be spreading. U.S. Treasuries are seeing yields fall on all parts of the curve, with 10-year and 30-year yields reaching...