china currency

AFP – A Chinese ratings agency downgraded its US sovereign credit rating Thursday despite Washington’s resolution of the debt ceiling deadlock, warning that fundamentals for a potential default remained “unchanged”. Dagong lowered its ratings for US local and foreign currency credit from A to A-, maintaining a negative outlook, the agency said in a statement.The announcement… Read More


japans debt

Japan has receded from the headlines of late but that’s about to change. In the next two months, it’s expected the Prime Minister Shinzo Abe will make a decision on whether to increase Japan’s consumption tax from 5% to 8% in April next year. If approved, consumer spending will take significant hit and given that it accounts for around 60%… Read More