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Company News by ForexMart

This is a discussion on Company News by ForexMart within the Forex Brokers forums, part of the Trading Forum category; Tax Overhaul Supported Increase for US Economy The U.S economy is expected to expand by 2.7 percent in 2018 due ...

          
   
  1. #301
    Senior Member Andrea ForexMart's Avatar
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    ForexMart's Forex News

    Tax Overhaul Supported Increase for US Economy

    The U.S economy is expected to expand by 2.7 percent in 2018 due to President Trumpís tax reduction that led to growth, as indicated in the new report by the International Monetary Fund (IMF) on Monday. This further showed positive news in the economy marking a one-year leadership of the president in the White House. However, inequality in the United States remained to be extreme.

    The initial forecast of the IMF for the American growth was only 2.3 percent but they decided to increase their predictions following the approval of the comprehensive amendment of the U.S. tax code in the past 30 years.
    The significant corporation tax reduction rate from 35 percent to 21 percent will stir up growth in business investments, based on the recent World Economic Outlook quarter report of the IMF.

    The United States also gained benefit from the world economic rebound which resulted in additional trade and purchase of some American products. The Washington-based organization mentioned about almost 120 countries that improved in 2017, which can be seen as a synchronized upward shift of economy since 2010. The IMF recently issued a brighter forecast for the US while the Wells Fargo currently projects for a 3 percent growth for this year. However, the IMF warned that the surge appears to be temporary and other organizations, particularly the World Economic Forum coincided with this statement. According to them, the boost is not enough to lessen the inequality issues which shows that top 1 progressed while the income of middle-classes was stagnant for nearly 20 years.

    The reduction in the rate of tax is basically predicted to grow this year until 2018 and the increase will soon fade after the budget deficit ramp up and the government is obliged to seek further options either reduce expenditures or raise the revenue. In addition to it, the trade deficit could possibly even grow along with the economic improvement and Americans purchase more overseas products.


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    Andrea ForexMart, Official Representative
    ForexMart

  2. #302
    Senior Member Andrea ForexMart's Avatar
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    Company News by ForexMart

    New Account Currencies Available

    Good news to all traders! There are new currencies that can now be used as base currencies. These are Malaysian Ringgit (MYR), Indonesian Rupiah (IDR), Thai Baht (THB) and Chinese Yuan (CNY).

    You can also use these currencies to deposit/withdraw funds to your account and participate in trading. To make it more convenient for ForexMartís clients, it can be paid directly without the need for conversion. You can visit our registration page to open an account with these new currencies.


    Company News by ForexMart-accountcurrencies.png
    Andrea ForexMart, Official Representative
    ForexMart

  3. #303
    Senior Member Andrea ForexMart's Avatar
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    Company News by ForexMart

    The current contest has already started on February 5, 2018 and will end on February 9, 2018.

    You can register for the next competition which will take place from February 12, 2018 to February 16, 2018

    Note:
    Registration for the next competition finishes 1 hour before the contest starts.
    Andrea ForexMart, Official Representative
    ForexMart

  4. #304
    Senior Member Andrea ForexMart's Avatar
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    Economic News

    More Pressure Besets Chinese Local Government with New Bond Rules

    Local governments of Beijing were pressured to settle their financial problems while a new rule on are issued on lending companies.

    Chinese firms have to confirm publicly that funds gained in selling bonds should not add to local government debt and they are not siding on any government financing sector based on the given notice from the countryís top planning agency.

    Moreover, corporations should not demand or accept any assurance from local governments on debt financing, as stated by the National Development and Reform Commission (NDRC).

    Regulators are looking for means to have a better control in the midst of a wider systemic risk on the high local government debt and their transparent financing.

    Authorities are trying to separate financial actions as part of their restriction, which is often related to stand-alone companies in a technical perspective. In particular, credit rating agencies should not associate the financial reports and project data in credit ratings work with the local government credit ratings, according to the NDRC.

    The Chinese government is trying to instill on investors that actions will be taken if they did wrongfully.

    It means that the government is not responsible on increase in debts by these firms but they are still expected to intercept to provide support for these companies, referred as local government financing vehicles (LGFV) in settling compensation concerns.

    The local debt of Chinaís government increased by 7.5 percent to 16.47 trillion yuan or $2.56 trillion at the end of 2017, based on the calculations by Reuters, which is still within the target figure of the government.

    Outstanding corporate debt amounted to 165 percent of GDP, which has been the highest among major economies and is mostly owned by the state.


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    Andrea ForexMart, Official Representative
    ForexMart

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