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By in Economy on January 6, 2017
ECONOMY • Today
Nigeria's reservation on Africa's free trade deal
May 25, 2018
Why President Buhari of Nigeria is reluctant to sign the African Continental Free Trade Agreement.
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Tokyo Overall Inflation Slows To 0.4% In May
May 24, 2018
Overall consumer prices in Tokyo were up just 0.4 percent on year in May, the Ministry of Internal Affairs and Communications said on Friday.
BRAZIL: Petrobras Shares Bring Ibovespa To Lowest Level Since January
May 24, 2018
The 13% decline in Petrobras' shares after the company decided to cut and freeze diesel oil prices for 15 days weighed on the Ibovespa, the Brazilian benchmark stock market index, which fell 0.92% to 80,122.30 points Thursday - marking the lowest settlement level since January 16.
Tokyo Inflation Data Due On Friday
May 24, 2018
Japan will on Friday release May data for Tokyo inflation, headlining a light day for Asia-Pacific economic activity.
BRAZIL: DI Rates Rise With Truck Drivers' Strike And Fears Around Petrobras
May 24, 2018
The one-day interbank deposit futures rates (DI rates) in Brazil opened a tad higher, amid news that a strike from truck drivers is creating shortages of some products and as traders react to Petrobras' decision to cut diesel oil prices in an attempt to help the Brazilian government defuse that crisis.
Bitcoin Sheds More Weight, Faces Drop To $7000
May 24, 2018
Bitcoin continued to lose its weight for the fourth consecutive day this week, pointing to the possibility of extending the slide further to $7,000 in the next 24 hours. The most popular Cryptocurrency opened at $7,650 on Thursday, and was trading for $7272 at a later stage on Bitfinex - its lowest point since April 12. Although it recovered slightly within hours, BTC lost its value by 5 percent
India Plans To Levy 18% GST On Cryptocurrency Trading: Report
May 24, 2018
India may slap an 18 percent Goods and Services Tax on cryptocurrency trades, and Bitcoin and its peers could be treated as intangible goods similar to software, the business news outlet BloombergQuint reported, citing people familiar with the matter. The proposal comes even as there is uncertainty regarding the legal status of cryptocurrency in the country.
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