Archive : central bank

Almost a 3 percent drop was noted in Dow Jones and Nasdaq indexes while London’s FTSE 100 index sank about 2.5% .Similarly, French and German markets each lost around 3%. The results came forward when US data suggested mounting unemployment claims and sluggish shop sales. The European Central Bank has shown 1.5% growth forecast in Read more

Because of the stricken US economy and the falling dollar, Mexicans are sending less money to their homes. According to Mexico’s central bank, the sharpest fall was recorded in remittances during July that was 6.9% down compared to the same period last year. Besides oil revenues, remittances are counted Mexico’s second largest legal source of Read more