current account deficit

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  • Finance Minister English defends forecasts of worsening current account deficit; Says its because investment intentions want more capital than NZ savings provide


    Authority Authority:
    Tweet Finance Minister Bill English is defending projections showing New Zealands current account deficit almost doubling in four years, saying the main driver of that deterioration is that New Zealands improving savings rate is still not good enough to ...
    1 day ago
  • Wake up call for India INR 55 @ 1$


    Authority Authority:
    When INR touched 55 versus 1 dollar it made the record, for some of the traders it was a key level. From the data on the RBI the dollar has appreciated by approximately 22 per cent in the last 1 year. This is a major move after the crisis of 1991. Obviously the answer to above [...]
    4 days ago
  • Will China Become Australia’s Godfather?


    Authority Authority:
    Former Treasury secretary Ken Henry reckons that whats bad for Greece may turn out to be good for Australia . Why? It will make it easier for Australia to finance its current account deficit! Woo hoo! Capital in flight – and thats what a bank run is, whether its an individual depositor or a global hedge fund – ...
    1 week ago
  • S&P Raises Greece’s Credit Rating


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    Agustino FontevecchiaForbesMay 02, 2012 Greece has emerged from default, according to credit rating agency Standard & Poor’s. The beleaguered Hellenic Republic managed to execute a controversial debt restructuring back in March that allowed it to ease short-term funding pressure, as the political ranks tried to ...
    3 weeks ago
  • NRIs remittances to India at record $63.6 bn: World Bank


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    Non-resident Indians (NRIs) have sent $ 63.6bn to India through remittances. Overseas Indians have sent more money than ever before. According to the World Bank, the increase in value of remittances is also due to a sharp fall in 2011 in the value of the rupee. In 2010, India received $ 54bn in remittances. ...
    3 weeks ago
  • RBI’s rupee defence gets fresh jolt from S&P


    Authority Authority:
    MUMBAI: The Reserve Bank of India’s battle to contain a falling rupee just got tougher. The current account deficit is widening and a weak global investment climate coupled with policy paralysis in New Delhi, sticky inflation and slowing growth have increased the aversion of foreign investors to India, pushing the ...
    3 weeks ago
  • ICRA cautious about rating updates on India


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    Kolkata, April 26 (IANS) Credit rating company ICRA Thursday said it is cautious on rating updates on Indian economy and companies but would not give a “panic reaction”.“We are certainly cautious about ratings because there are certain issues in the market which are adverse. During the last one or two years, ...
    4 weeks ago
  • Ratings downgrade was inevitable: Wipro


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    Bangalore, April 25 (IANS) Downgrading of India’s sovereign rating to negative from stable by global rating agency Standard & Poor’s (S&P;) was a cause for concern though inevitable due to multiple factors, a senior Wipro executive said Wednesday.“It is unfortunate though was expected, as it (negative ...
    4 weeks ago

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