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
the unrest was affecting cathay pacific business. we have most recently seen a falloff in future bookings over the next few months particularly for inbound travel to hong kong. it s too early to make predictions with respect to the year and peak travel period the previous experience indicates the travel markets recover fairly quickly when everything settles down. slow sard specs a better 2nd half our airlines normally perform better in the 2nd half of the year than in the 1st we don t expect this trend to change but we do foresee more volatility and an ever more challenging operating environment. despite the impact of the protests sloths are said cathay pacific would continue to make significant investments in strengthening hong kong standing as asia s largest international aviation home. and a systems malfunction has forced british airways through to play or canceled the