The U.S. economy is in desperate need of a strong dose of fiscal penicillin
Sep 29, 2016 03:52 am UTC| Insights & Views Economy
Despite six years of recovery from the Great Recession, Americas middle class still struggles financially amid sluggish economic growth and middling job creation. The Federal Reserves near-zero interest rates have...
Backpacker tax compromise means more discrimination for these workers
Sep 29, 2016 03:50 am UTC| Insights & Views Law Economy
The government has reached a compromise with the Nationals over the so called backpacker tax, a tax of 32.5% in every dollar earned by those holding a working holiday visa. This will now be reduced to 19% but in an effort...
Rumors suggest regulators working on Deutsche rescue secretly
Sep 28, 2016 13:38 pm UTC| Commentary Economy
Rumors in the market are suggesting that Germanys biggest bank might receive a rescue from the government, though both have denied such allegations. Deutsche bank denied that it has asked the government for help and the...
China likely to maintain rapid pace of growth over the coming months, says Scotiabank
Sep 28, 2016 11:52 am UTC| Commentary Economy
The Chinese economy is expected to maintain a rapid pace of economic growth over the coming quarters, according to a report released by the Scotiabank said Thursday. However, its economic transition away from external...
Indonesian Rupiah to strengthen on tax amnesty inflows
Sep 28, 2016 11:51 am UTC| Insights & Views Central Banks Economy
The Indonesian Rupiah strengthened to a six-month high against the US dollar on the back of higher tax amnesty inflows. The government has been optimistic about tax amnesty inflows and has approved a total of 21 banks, 18...
Key takeaways from the oil meeting in Algiers
Sep 28, 2016 11:38 am UTC| Commentary Economy
Today is the final day of the International Energy Agencys (IEA) biennial summit in Algeria, where OPEC members are meeting outside their regular closed-door ones to discuss the future of the oil market. It is now clear...
Worrisome Sings Series: Low rates erode banks’ profitability and rises pension deficit
Sep 28, 2016 11:01 am UTC| Commentary Economy Central Banks
The debate about the cost and benefits of low rates has started heating up. Central bankers like Mario Draghi, Janet Yellen speak in favor of low rates arguing that they have brought stability and without them, the world...