The European Central Bank will need to move cautiously when it eventually starts raising interest rates, according to Governing Council member Ewald Nowotny. While the ECB’s guidance suggests rates could rise after the summer, investors don’t see a hike until 2020 because of the slowing economy. Asked in an interview with Der Standard newspaper whether…
China’s government is turning increasingly to tax cuts as the first line of defense against a slowing economy, in a departure from the wasteful infrastructure binges of the past. Further evidence of the shift emerged Tuesday, as senior policy officials pledged that tax reductions on a “larger scale” are in the pipeline, amid worsening economic…
Equities Market At the close of today’s trading session, which was extended by one hour due to the earlier technology glitch, the Nigerian equities Bourse Inched higher by 0.45% as measured by NSE ASI and Market capitalization, as they both closed at 29,964.79 points and N11,174.14tr respectively. Year-to-Date ASI is at a negative of 3.56%.…
ECOMOMY Value Added Tax (Q2 & Q3 2018) recorded 9.16% Year on Year Growth: Given the Sectoral Value Added Tax Distribution report for Q2 & Q3, 2018, which indicated a quarter on quarter growth of 2.54%, from N266.73BN to N273.50bn, Year on Year Growth was 9.16%. The sectorial performance are as follows: Manufacturing Sectors was…