South Africa exhausted monetary policy options to boost growth

Source: Bloomberg
The Reserve Bank of South Africa remained with limited number of monetary policy tools to support the economic growth in country, as the declining currency raised inflation pressure. The rand lost 16% versus U.S. dollar this year, increasing prices for imported products, such as oil. At the moment the inflation level is 5.5%, while the main interest rate is expected to be kept at 5%.
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Thu, 21 Nov 2013 09:36:22 GMT

Asian stocks drop after last Federal Reserve meeting

The Asian stocks extends to three-day loosing streak, after Federal Reserve meeting pointed that they might reduce bond purchase while the China's manufacturing activity dropped. The MSCI Asia Pacific Index slipped 0.6% after nine out of 10 industry groups retreated. One of the most significant drop was for the Perseus Mining Ltd., which contracted 10% after the price for precious

Thu, 21 Nov 2013 08:09:08 GMT

Singapore raises growth forecast amid stronger expansion in Q3

Singapore officials raised the growth forecasts for the current and next years, as the economy advanced faster than expected in July-September quarter. The new forecasts predict a 3.5-4% growth in 2013 and a 4% expansion in 2014. The country's GDP increased 5.8% in Q3 on the annual basis. Analysts say that all Asian economies are now benefiting from U.S. Fed's

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