Economic News

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

This Week News

Drop in Oil prices Discontented Investors in its Low Figure

May 26, 2017

Oil prices declined by 5 percent following the extension of production cuts by Opec causing other oil producing countries to be dismayed who are expec...

Reserve Bank of South Africa Left Rates on Hold

May 26, 2017

The South African Reserve Bank kept its interest rates unchanged on Thursday as it played down the thought of a lower cost of borrowing that further i...

Trump Calls for Investigation Following Manchester Leaks

May 26, 2017

US President Donald Trump has already called for an investigation regarding the “Manchester leaks” in order for the US government to determine ho...

NZ’s Budget Surplus Apportioned to Infrastructures

May 25, 2017

New Zealand anticipates exceeding the budget excess prediction for 2017. The former projected amount to NZ$473 million surpluses in December and signi...

China’s Debt-rating Downgraded by Moody’s to A1 from Aa3

May 25, 2017

The credit rating of China was downgraded by Moody’s Investors Service on Wednesday, the previous Aa3 (Double A-3) were down to A1 which means that ...

FOMC Minutes Signal Interest Rate Hike Next Month

May 25, 2017

Fed officials are now more than ready to raise its short-term interest rates after stating in their meeting last month that increasing its rates are ...

Trump Proposed 45 Percent Cut in Mexico Aid from U.S. Spending

May 24, 2017

On Tuesday, the U.S. spending reserved for foreign aid for Mexico and Central America are to be reduced as proposed by the President Donald Trump. The...

U.S. Business Activity had a Slight Recovery, according to Markit

May 24, 2017

Two surveys conducted by American businesses this month and showed that the US economy continued to have a steady growth, despite the fact that manufa...

UK Economy Faces Fastest Inflation Growth in 4 Years

May 24, 2017

British people could possibly face a period of living squeeze as the UK consumer prices are now recording its fastest growth ever within a 4-year per...

Canada And Brazil Set to Increase Oil Production

May 23, 2017

The Organization of the Petroleum Exporting Countries together with its partners are about to unveil further details regarding the extension of output...

Debt Relief for Greece Still in Progress, No Deal Yet

May 23, 2017

Intercontinental lenders in Greece has a comprehensive meeting discussing debt sustainability on Monday. The meeting ended failing to reach an agreeme...

Food Stamp Program in Peril from Trump’s Tax Cuts

May 23, 2017

The Supplemental Nutritional Assistance Program or SNAP is currently in peril as Trump’s budget plan could possibly slash over $190 billion from th...

Japan Exports Rallied for 5 Months

May 22, 2017

Exports from Japan notably increased for five consecutive months indicating a strong offshore demand and increased shipments of semiconductors and ste...

New Economic Development Project Proposed by Owasso City

May 22, 2017

During the council held in early May, the staffs of Owasso City made a project proposal for a new  Economic Development Strategic Planning intend...

Extended OPEC Output Cuts Raise Oil Prices

May 19, 2017

The extension of production output cut from big oil producing countries caused the oil prices to rise. Oil future climbed to the highest in almost a m...

U.S Labour Market Declined Despite Positive Economic Outlook

May 19, 2017

Applications for U.S unemployment benefits had fallen circumstantially during the previous week, while the total of jobless Americans declined to a 28...

Congress Rift Might Dampen Trump’s NAFTA Dream

May 19, 2017

The Trump administration has already started the first part of its renegotiations with regards to the North American Free Trade Agreement with Canada...

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