Search results for: Global

UK unemployment rises for first time since coronavirus lockdown

Reuters 2020-09-15 12:39:59

Britain’s unemployment rate rose for the first time since the coronavirus lockdown began in March, official data showed on Tuesday. The unemployment rate increased to 4.1 per cent in the three...

Wall Street rises, thanks to deal news, vaccine hopes

FE ONLINE REPORT 2020-09-15 11:28:11

US stocks ended sharply higher on Monday as signs of progress in developing a Covid-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism. Gains were broad-based, with all of t...

India's secondary listing plan for firms irks investors

-- 2020-09-14 16:47:44

Indian companies that list overseas will have to later launch on a domestic bourse under policy changes being considered by government officials, a move that global investors fear will harm valuations...

Indonesia Aug trade surplus seen at near $2.2b

-- 2020-09-14 14:10:06

Indonesia was seen posting a 2.16 billion US dollar trade surplus in August, slightly smaller than the previous month, with export and import contraction slowing, a Reuters poll showed on Monday. Sou...

Coronavirus vaccine hopes make Asian shares buoyant

REUTERS 2020-09-14 12:49:36

Asian shares firmed on Monday on renewed hopes for a coronavirus vaccine after AstraZeneca resumed its phase-3 trial though sentiment was still cautious ahead of a big week of central bank meetings in...

US consumer prices surge for 3rd month in August

-- 2020-09-12 11:36:07

US consumer prices continued to rebound in August with the reopening of the world largest economy, but the overall inflation is expected to remain subdued due to the pandemic. The consumer price inde...

ADB discloses latest edition of annual statistical report for Asia-Pacific

FE Online Report 2020-09-10 16:34:37

The Asian Development Bank (ADB) on Thursday unveiled its latest edition of annual statistical report for the Asia-Pacific region. The Manila-based lender launched two virtual statistical windows&mda...

World trade is slowly rebounding, indicates shipping data

FE Online Report 2020-09-10 12:04:04

After a big drop during the second quarter of 2020, the number of ships pulling into ports to unload and load containers rebounded in many parts of the world in the third quarter. Maritime shipping s...

IMF advocates more support for economic recovery

-- 2020-09-09 21:18:57

The International Monetary Fund (IMF) has underscored the need for multilateral cooperation for economic recovery from ongoing global crisis due to coronavirus pandemic. In an essay published in Fore...

Mir Akhter’s share bidding to open Sept 27

FE ONLINE REPORT 2020-09-09 16:25:03

The bidding for eligible investors (EIs) to discover the cut-off price of shares of Mir Akhter Hossain Ltd, a construction company, will commence from September 27. The construction and engineering...

LDC group to seek support for 10 years after graduation

SYFUL ISLAM 2020-09-09 09:36:19

The group of least developed countries (LDCs) has opted to request the rich nations for extending support measures, available to the graduating LDCs, for at least a period of 10 years after they are e...

ADB to hold 53rd annual meeting virtually on Sept 17, 18

-- 2020-09-08 17:29:49

The Asian Development Bank (ADB) will hold the second stage of its 53rd annual meeting as a virtual event on September 17-18. A series of webinars open to the media and the public featuring finance a...

Global stocks struggle to stabilise as tech remains fragile

-- 2020-09-08 17:04:48

World shares struggled to stabilise on Tuesday as doubts about a recovery in tech stocks lingered after last week’s rout, while the dollar steadied as investors pondered whether policy signals f...

Japan’s worst postwar economic slump intensifies challenge for new leader

Reuters 2020-09-08 13:33:19

Japan’s economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new prim...

Online business registration in Philippines hits record high

-- 2020-09-08 12:38:42

Online business registration in the Philippines skyrocketed as more and more entrepreneurs conduct business via the internet due to strict lockdown restrictions imposed to stem the spread of COVID-19,...

Vietnam's wood, woodwork export up in eight months

-- 2020-09-07 15:34:30

Vietnam exported more than 7.3 billion US dollars of wood and wood-based products in the first eight months of this year, up 9.6 per cent against the same period last year, according to the Vietnam Ad...

Asian shares fragile amid Covid-19 challenges

-- 2020-09-07 12:54:31

Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil price...

Covid-19: Philippines secures nearly $9b foreign loans, grants

-- 2020-09-06 15:21:42

The Philippines has so far secured a total of 8.83 billion US dollars in borrowings, loans and grant assistance for the government's coronavirus disease (Covid-19) response efforts from its developmen...

US economy requires further fiscal support, says Fed official

-- 2020-09-03 13:20:48

US economic recovery remains "fragile," requiring further fiscal support to move into a "more sustained recovery" phase from the reopening phase, a senior Federal Reserve official has said. "The most...

France unveils 100 billion euro stimulus to revive economy

Reuters 2020-09-03 12:53:22

The French government detailed on Thursday its 100 billion euro ($118.3 billion) stimulus plan to erase the economic impact of the coronavirus crisis over two years, lining up billions of euros in pub...

'Take steps to make SAFTA vibrant'

FE Report 2020-09-03 10:14:26

South Asian scholars in a webinar on Wednesday underscored the need for making the South Asian Free Trade Area (SAFTA) functional and vibrant in order to reap benefits while overcoming the post-Covid-...

Eurozone unemployment rises again

-- 2020-09-02 11:36:10

The unemployment rate in the 19-member euro area continued to rise in July, a month marked by some relaxation of COVID-19 containment measures in many members of the European Union (EU), showed the fi...

Australia in recession for first time in nearly 30 years

-- 2020-09-02 10:17:21

Australia's economy has plunged into its first recession in nearly 30 years, as it suffers the economic fallout from the coronavirus. Gross domestic product (GDP) shrunk 7 per cent in the April-to-Ju...

India's factory output rebounds in August

-- 2020-09-01 16:17:31

India's manufacturing sector bounced back in August amid improved customer demand and relaxation of coronavirus (Covid-19) lockdown, as per a survey released on Tuesday. The Purchasing Managers' Inde...

European investors bet on Asia’s debt

-- 2020-09-01 15:49:27

Low yields at home are sending some previously shy European investors into Asia’s credit markets, money managers say, lured by the promise of higher returns and a hope that rebounding economies...

Asian stocks edge up after strong China manufacturing survey

REUTERS 2020-09-01 13:43:07

Asian stocks edged higher on Tuesday after strong readings on China’s vast manufacturing sector offset the weak lead from a softer Wall Street session. European shares are expected to rebound f...

Indian economy likely to see record quarterly slump as pandemic hits

-- 2020-08-31 11:05:23

India’s economy likely suffered its largest quarterly slump on record, data is expected to show on Monday, as coronavirus-related lockdowns add to already-declining consumer demand and investmen...

Asian stocks at 29-month high

REUTERS 2020-08-31 09:44:02

Asian shares notched a 29-month high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory, while an upbeat reading on China’s service sector augured...

India ready to tie up with ASEAN in generics, medical tech for fighting Covid-19

-- 2020-08-29 19:08:01

India is willing to collaborate with the ten-member ASEAN in the production of generic drugs and medical technologies used for the treatment of Covid-19 patients, Commerce and Industry Minister Piyush...

UAE cancels Israel boycott, allows economic agreements

-- 2020-08-29 16:13:17

The president of the United Arab Emirates (UAE) has issued a decree cancelling a law on boycotting Israel and allowing trade and financial agreements between the two countries, the UAE official news a...