The U.S. Reduces Trade Barriers with Indonesia; Signed a $10B Deal
Fri Apr 21, 2017
The America works towards reducing trade barriers with Indonesia which were the focus during the visit of U.S. Vice President Mike Pence with Jakarta’s Investment Chief.
Indonesia, being one of the 16 countries that will be reassessed of its trade surpluses. Pence said that they aim for a business environment where there will be an ‘equal opportunity’ and market entry. There are too many barriers that hamper local and international industries in trading. Both parties refused to discuss the issue with the recent dispute between them.
They also talked about the fight against terrorism while it has been mentioned in the past that Indonesia has concerns with the entry of its people that are majority Muslims.
On Friday, the $10 billion worth of directive between U.S. companies and Indonesia was signed which opens opportunities for both nations.
Inflation Weighed on the Economy of Britain
Mon Apr 24, 2017
The British economy has cooled significantly in the months of January to March this year because higher inflation put pressure on disposable incomes. The Office for National Statistics is scheduled to publish the estimated GDP data for the first quarter this Friday.
Great Britain almost forgot the impact of the Brexit referendum on June and had an unexpectedly quick recovery. The growth rates in the third quarter of 2016 reached 0.5% while 0.7 for the last quarter.
Based on the forecast of city economists, the country will experience an arduous year ahead linked with a 0.4$ steep decline on growth during the first three months of 2017.
The country previously earned 0.2% which is considered as the weakest performance in the Q1 of 2016.
Moreover, the sterling became weaker which increased the price for imports and drove the inflation towards its three-year high obtaining 2.3%.
Russia Ranked Third Among Military Spenders
Tue Apr 25, 2017
Based on a study issued on Monday, the Russian Federation ranked third with high expenditures on the military during 2016. Even though the country experience low-cost in oil and economic penalties due to increase in global expenditure after two successive years
The country’s spending reached $69.2 billion last year which is 5.9% higher in 2015 as shown in the report of Stockholm International Peace Research Institute (SIPRI)
During the year 2015, Saudi Arabia ranked third, however, settled in the fourth place in 2016 after its outlay declined by 30 percent or equal to $63.7 billion. Even if the desert country had a continuous engagement in regional wars.
Moreover, the United States preserved its position as the top spender with 1.7% raise amid 2015-16 to $611 billion. China, on the other hand, had lifted its spending funds by 5.4 percent to $215 billion which is relatively lower.
The total military spending of the Central Europe boosted by 2.4% last year.
Credit Suisse Sets to Raise $4B CHF Rights Offering
Wed Apr 26, 2017
Credit Suisse bank increased its capital estimated by 4 billion Swiss francs equivalent to 4 billion U.S. dollars through the rights issue in an initial public offering that aims to follow the pace of European competitors. This would bring its CET1 ratio up by 13.4 percent, the pro forma with tier 1 leverage ratio also rose by 5.1 percent supported by the 1Q12 end data including risk-weighted assets and leverage disclosure as mentioned by the released statement of the bank based in Zurich on Wednesday.
The bank gained a net profit of 596 million francs in the first quarter of the year, exceeding the average estimate of Reuters polls, which has been its highest quarterly profit after the restructuring of Credit Suisse chief executive Tidjane Thiam.
All posts published herein are merely based on individual views, and they do not expressly or by implications represent those of CariGold.com or its owner. It is hereby made clear that CariGold.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. CariGold.com also does not give and/or offer any investment advice to any members and/or readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that CariGold. com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you