Iran sanctions on iran more and more International Businesses of fleeing the country leaving the economy in freefall. Path and flying high keep your seat belts on it could be turbulence ahead the warning to investors from Cathay Pacific. I mean physical and thats the Business Global trade tensions of sparking central bank is into action rate cuts in a whole host of asian economies this wednesday the moves are also based on poor Economic Data the latest coming from europes economic powerhouse germany where Industrial Production fell back in june german industrial leaders say Companies Must price themselves. India cut its Benchmark Rate by 35 basis points a bit deeper than expected and it wasnt the only country surprising investors on wednesday Thailand Central Bank unexpectedly lowered rates for the 1st time in 4 years and new zealand cut by 50 basis points to its lowest level ever one percent
new zealand is a Major Trading partner of china where purchases have slowed and a trade war wi
a time there hong kong based cathay pacific says unrest in the financial hub has hit bookings it s also wired about trade tensions the airline is warning shareholders to buckle up after a smooth flight through the 1st half of the year. hong kong s flagship carrier cathay pacific was flying high in the 1st half of this year the airline reported earnings of $172000000.00 u.s. dollars in the 1st 6 months after notching up a loss in the same period last year. good news for the asian carrier but cathay is still facing turbulence not least from the protests that have rocked hong kong for the past weeks. but. a general strike this week also calls chaos at the airport and grounded more than 160 flights some cut they stuff took part in the protests and one of the demonstrators arrested was reportedly a cop a pacific pilot. chairman john sloths are said