Tag Archives: Economy

The National Cyberspace Administration of China on Friday launched a “special rectification” action targeting illegal procurement and misinterpretation of financial information. The agency called on social media platforms to carry out checks to cleanse finance-related content that “violates China’s regulations.” China’s major regulatory agencies will supervise and guide the moves, …

Growth in the first quarter of the current fiscal year, which starts on April 1 in India, is mainly attributed to a low base performance in the previous quarter due to the coronavirus pandemic.  The report also projects that the gross value added (GVA) will be 15% in the indicated …

“Practically, with the exception of some things that specialists should pay attention to, [Russia’s economy] has generally been restored to the pre-crisis level,” Putin stated. The head of state noted, however, that inflation in the country currently amounts to 6.5%, which exceeds the target goal for the indicator of 4%. …

That’s according to Alexey Kudrin, the head of Russia’s Accounts Chamber, the parliamentary body that oversees the country’s finances. Kudrin is also a former deputy prime minister and served as the minister of finance. In his opinion, Russia should stop focusing on domestic consumption and turn its focus to exports, …

The Russian currency was trading at around 72 rubles against the greenback on Wednesday as oil prices hit a 26-month high, and the country’s monetary regulator hiked key rates to rein in inflation. Meanwhile, Russian bond yields rose last week even as US yields retreated. “There’s likely to be more …

Germany’s largest lender warned that the unprecedented levels of cash being injected into the economy while inflation fears are being dismissed will lead to excruciating economic pain if not in the near term then in 2023 and beyond. The report points to the US’ “breath-taking” monetary stimulus that is reportedly …

According to Schiff, a vibrant healthy economy needs production “Because you cannot consume what is not first produced.”  “Since our economy is so weak and we’re unable to produce the things that we’re consuming, America relies on strong international economies that are able to produce what we consume,” he said. “How …

According to the report, the median pay of chief executives at 300 public companies is on track for a record, jumping from $12.8 million in pre-pandemic 2019 to $13.7 million last year. RT’s Boom Bust discussed the staggering figures and rising inequality with author Professor Richard Wolff, host of the …

“There is clearly a deliberate calculation to create a toxic atmosphere around Russian securities in order to reduce their investment potential,” Deputy Foreign Minister Alexander Pankin told RIA Novosti on Monday. “These possible new restrictions on government bonds are a double-edged sword, and they would clearly harm America’s financial institutions,” …

However, the US-based agency has warned that a second wave of Covid-19 infections still poses a major risk to the recovery of Asia’s third-largest economy. According to the outlook, herd immunity against Covid-19 is unlikely to be reached before the end of 2022. “India’s near-term prospects have turned more favorable …