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
new zealand is a major trading partner of china where purchases have slowed and a trade war with the u.s. is taking its toll. still the move caught investors off guard sending the new zealand dollar falling 2 percent. south korea s central bank has meanwhile said it stands ready to cut rates if needed. cutting interest rates makes money cheaper to borrow ideally sending more of it circulating through the economy and boosting stagnant markets. but some analysts worry that cutting rates now to curb a slowdown leave central banks too little space to act in the event of a real economic crisis. but nations here want to get ahead of the next recession and they re following the lead of other central banks most notably the federal reserve. looming over everything is that trade war between the u.s. and china a conflict that shows little signs of abating. despite that trade border u.s. china and dozens of nations have signed