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Bank of Japan unveils emergency measures over virus

Tokyo, Japan | AFP | The Bank of Japan on Monday unveiled a series of emergency monetary policy measures to shore up the world’s third-largest economy, as the coronavirus pandemic threatens a global recession. In a meeting brought forward by two days, the BoJ said it would double its annual …

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Trump blasts US central bank again over rate hikes

Washington, United States | AFP | US President Donald Trump on Tuesday renewed his attack on the US Federal Reserve’s monetary policy, blaming the central bank’s interest rate hikes for a tanking market. With stocks on track for their worst December since the Great Depression, Trump has regularly berated the …

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Ugandans increase purchasing power- Stanbic PMI Index

Kampala, Uganda | THE INDEPENDENT | Four of the five monitored sectors saw business conditions improve during October, the exception being industry. The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October, up from 54.2 in September recording above the 50.0 no-change mark for the twenty-first successive month. The …

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