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The Financial Express

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European shares cautiously dip ahead of Trump-Biden debate

European shares cautiously dip ahead of Trump-Biden debate

-- 2020-09-29 15:41:30

European stock markets opened lower on Tuesday as a rebound in the previous session fizzled out, with investors remaining cautious ahead of the first US presidential debate. The pan-European STOXX 60...

Walmart in talks to invest $25 billion in Tata Group's 'super app'

Walmart in talks to invest $25 billion in Tata Group's 'super app'

Reuters 2020-09-29 15:19:48

Walmart is in talks with Tata Group for a potential investment of up to $25 billion in the Indian salt-to-software conglomerate’s new “super app”, the Mint newspaper reported on Tues...

US House Democrats unveil $2.2 trillion Covid-19 relief package

US House Democrats unveil $2.2 trillion Covid-19 relief package

-- 2020-09-29 12:13:12

Democrats from the US House of Representatives unveiled on Monday a 2.2 trillion US-dollar COVID-19 relief package, attempting to pressure the White House and Republicans to reach a deal before the pr...

Pandemic to push Asia’s growth to lowest since 1967: World Bank

Pandemic to push Asia’s growth to lowest since 1967: World Bank

REUTERS 2020-09-29 10:05:24

The coronavirus pandemic is expected to lead to the slowest growth in more than 50 years in East Asia and the Pacific as well as China, while up to 38 million people are set to be pushed back into pov...

Malaysia's exports fall 2.9pc in August

Malaysia's exports fall 2.9pc in August

-- 2020-09-28 12:06:16

Malaysia's exports fell 2.9 per cent year-on-year to 79.14 billion ringgit (about 19 billion US dollars) in August due to lower shipment in all sectors. Malaysia International Trade and Industry Mini...

Sri Lanka seeks fresh currency swap facility, deferment of debt payments from India

Sri Lanka seeks fresh currency swap facility, deferment of debt payments from India

-- 2020-09-26 17:29:24

Sri Lankan Prime Minister Mahinda Rajapaksa sought an additional currency swap facility and deferment of debt payments from India during an online bilateral summit with Prime Minister Narendra Modi on...

Global economic outlook ‘less dire’ than June prediction: IMF

Global economic outlook ‘less dire’ than June prediction: IMF

-- 2020-09-25 17:07:13

The global economic outlook is not quite as dark as expected even just three months ago, a top International Monetary Fund official said on Thursday, citing better-than-anticipated economic data from...

WB sees curbing corruption as more important during pandemic

WB sees curbing corruption as more important during pandemic

BSS 2020-09-24 14:21:28

Progress against corruption can be made even under the most challenging conditions, a new World Bank report finds. At a time when unprecedented levels of emergency funds have been mobilised to respon...

Vietnam exports 850 million masks in eight months

Vietnam exports 850 million masks in eight months

-- 2020-09-24 13:33:36

Vietnamese businesses exported nearly 850 million medical masks in the first eight months of this year, according to the General Department of Vietnam Customs. More than 70 enterprises exported over...

Asian shares tumble amid global uncertainties

Asian shares tumble amid global uncertainties

REUTERS 2020-09-24 10:51:31

Asian shares fell on Thursday following a slump on Wall Street overnight, as a series of warnings from US Federal Reserve officials underscored investor worries over the resilience of the economic rec...

Covid-19 will weigh on some economies for years: IMF official

Covid-19 will weigh on some economies for years: IMF official

Reuters 2020-09-24 10:21:59

The coronavirus crisis is lasting longer than expected and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said on Wednesday. The Fund has...

ILO says pandemic cuts worldwide income from work by a tenth

ILO says pandemic cuts worldwide income from work by a tenth

-- 2020-09-23 17:25:45

Income earned from work worldwide dropped by an estimated 10.7 per cent, or $3.5 trillion, in the first nine months of 2020, compared to the same period a year ago, the International Labour Organizati...

Bhutan issues first sovereign bond to meet increasing fiscal financing needs

Bhutan issues first sovereign bond to meet increasing fiscal financing needs

FE Online Desk 2020-09-23 15:53:00

The Royal Government of Bhutan has announced its first sovereign bond to support the economic recovery from the Covid-19 pandemic while diversifying financial sources. The new financing instrument su...

India's Reliance raises $22.43b from stake sales

India's Reliance raises $22.43b from stake sales

Reuters 2020-09-23 14:19:34

Reliance Industries Ltd, controlled by Asia's richest man Mukesh Ambani, has raised 1.65 trillion rupees ($22.43 billion) over the past few months through stake sales at its digital unit Jio Platforms...

US existing home sales jump to 14-year high in Aug

US existing home sales jump to 14-year high in Aug

Xinhua 2020-09-23 13:19:10

US existing home sales in August surged to their highest level in nearly 14 years as historically low mortgage rates continue to boost the housing market, the National Association of Realtors (NAR) re...

Asian stocks struggle despite Wall Street gains, dollar rise

Asian stocks struggle despite Wall Street gains, dollar rise

Reuters 2020-09-23 12:22:46

Asia’s stock markets struggled to emulate Wall Street’s rebound on Wednesday as persistent worries about the global economic recovery kept investors cautious, while ebbing inflation expect...

US govt debt will nearly double by 2050: CBO

US govt debt will nearly double by 2050: CBO

-- 2020-09-22 12:09:46

US federal debt is projected to reach nearly twice the size of the economy in 2050, driven by the massive fiscal response to the COVID-19-induced recession, the Congressional Budget Office (CBO) said...

Regulator revises margin loan ratio

Regulator revises margin loan ratio

FE REPORT 2020-09-22 09:50:23

The Bangladesh Securities and Exchange Commission (BSEC) on Monday issued an order revising the margin loan ratio. As per the revised ratio, margin loan will be distributed at a ratio of 1:1 if the b...

UK manufacturers see no evidence of 'V'-shaped recovery

UK manufacturers see no evidence of 'V'-shaped recovery

-- 2020-09-21 14:00:50

British manufacturers see no evidence of a ‘V’-shaped recovery from the coronavirus pandemic underway and many are planning to slash investment, a business survey showed on Monday. The Ma...

HSBC, StanChart's HK shares drop after 'FinCEN' leak

HSBC, StanChart's HK shares drop after 'FinCEN' leak

Reuters 2020-09-21 11:45:52

HSBC and Standard Chartered's Hong Kong shares dropped on Monday after media reports that they and other banks moved large sums of allegedly illicit funds over nearly two decades despite red...

Canada's wholesale sales hit record high in July

Canada's wholesale sales hit record high in July

-- 2020-09-19 11:02:09

Canadian wholesale sales rose 4.3 per cent to a record high of 65 billion Canadian dollars (about 49 billion US dollars) in July, according to Statistics Canada on Friday. July was the growth of whol...

ADB committed to working with Asia for recovery from COVID-19

ADB committed to working with Asia for recovery from COVID-19

-- 2020-09-18 16:11:45

The Asian Development Bank (ADB) has said it is committed to partnering with developing economies in Asia and the Pacific to achieve their recovery goals from the COVID-19 pandemic. “ADB will c...

Asian stocks gain shrugging off weakness in Wall Street

Asian stocks gain shrugging off weakness in Wall Street

REUTERS 2020-09-18 12:52:48

Asian stocks inched up on Friday, despite Wall Street declines, but struggled to make deeper gains as worries about a faltering economic recovery kept investors to the sidelines or seeking safer harbo...

New Japan PM Suga eyes quick gains, not grand visions

New Japan PM Suga eyes quick gains, not grand visions

REUTERS 2020-09-18 11:57:58

Japan’s new prime minister will pursue economic structural reforms through a mixed bag of policies that target specific industries, rather than a grand strategy to reshape society and boost long...

ADB to set up 'regional hub'

ADB to set up 'regional hub'

FE REPORT 2020-09-18 10:39:26

The Asian Development Bank (ADB) will set up a 'regional hub' to facilitate achieving higher tax base in its member countries amid the impact of the Covid-19 pandemic when many of the economies are st...

WB chief economist says global economic recovery may take five years

WB chief economist says global economic recovery may take five years

-- 2020-09-17 16:58:19

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist Carmen Reinhart said on Thursday, reports Reuters....

Pandemic threatens human capital gains: WB

Pandemic threatens human capital gains: WB

-- 2020-09-17 12:04:55

The Covid-19 pandemic has threatened hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. It insists that investmen...

New Zealand plunges into worst recession in years amid Covid pandemic

New Zealand plunges into worst recession in years amid Covid pandemic

-- 2020-09-17 11:01:32

New Zealand is in its deepest recession in decades, following strict measures in response to the Covid-19 pandemic which were widely praised. The country's GDP shrank by 12.2 per cent between April a...

UN tourism body says int'l tourist arrivals drop 65pc

UN tourism body says int'l tourist arrivals drop 65pc

Reuters 2020-09-16 11:19:50

International tourist arrivals plunged 65 per cent in the first half of 2020 compared to last year, data from the World Tourism Organization showed on Tuesday, translating into an estimated $460 billi...

US tariffs on China breach global trade rules, says WTO

US tariffs on China breach global trade rules, says WTO

Reuters 2020-09-16 10:27:58

The World Trade Organization found on Tuesday (local time) that the United States breached global trading rules by imposing multibillion-dollar tariffs in the country's President Donald Trump’s...