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The Financial Express

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US businesses not leaving Chinese market amid pandemic: Survey

US businesses not leaving Chinese market amid pandemic: Survey

-- 2020-08-12 13:39:42

US businesses are not leaving the Chinese market despite "an unprecedented downturn" in US-China relations during the COVID-19 pandemic, according to an annual member survey released Tuesday by the US...

UK officially in recession for first time in 11 years

UK officially in recession for first time in 11 years

-- 2020-08-12 12:45:48

The UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially into recession. The economy shrank 20.4 per cent compared wit...

UK suffers biggest job losses since 2009

UK suffers biggest job losses since 2009

Reuters 2020-08-11 13:58:06

The number of people in work in Britain fell by the most since 2009 in the three months through June as the coronavirus crisis took a heavy toll on the labour market, even with the government’s...

Singapore narrows 2020 GDP growth forecast

Singapore narrows 2020 GDP growth forecast

-- 2020-08-11 11:41:17

Singapore's Ministry of Trade and Industry (MTI) has announced that it narrowed the gross domestic product (GDP) growth forecast for 2020 to "-7 to -5 per cent" from "-7 to -4 per cent." The ministry...

ADB, UNDP sign deal to boost disaster recovery in Asia Pacific

ADB, UNDP sign deal to boost disaster recovery in Asia Pacific

-- 2020-08-10 17:00:49

The Asian Development Bank (ADB) and United Nations Development Programme (UNDP) have signed an agreement to strengthen disaster recovery capacity in selected countries across Asia and the Pacific. T...

India to promote manufacturing of selected products to boost market share

India to promote manufacturing of selected products to boost market share

Reuters 2020-08-10 15:19:46

India’s government plans to promote the manufacturing of selected products, especially lines in which China enjoys a big share in the global market, as part of efforts to reduce imports and push...

Vietnam's wood, woodwork export up in seven months

Vietnam's wood, woodwork export up in seven months

-- 2020-08-10 13:35:00

Vietnam exported nearly 6.1 billion US dollars of wood and wood-based products in the first seven months of this year, up 6.2 per cent against the same period last year, according to the Vietnam Admin...

Italy's foreign trade continues recovery in June

Italy's foreign trade continues recovery in June

-- 2020-08-08 13:55:50

Italy's foreign trade picked up in June compared to May, with imports rising by 16.1 per cent and exports by 14.4 per cent, the National Statistics Institute (ISTAT) has said in a report. The month-o...

Beirut explosions aggravate Lebanon's economic woes

Beirut explosions aggravate Lebanon's economic woes

-- 2020-08-07 12:39:56

The seismic blasts which rocked the Lebanese capital of Beirut have delivered another calamitous blow to a country already in the throes of an unprecedented economic crisis. Two huge explosions rocke...

Dollar struggles ahead of job figures as investors fret over US recovery

Dollar struggles ahead of job figures as investors fret over US recovery

REUTERS 2020-08-06 11:22:53

The dollar struggled on Thursday under the weight of worries the US economic recovery may lag other countries due to a high level of coronavirus infections, as investors looked to upcoming data on the...

Philippines' Q2 GDP growth hits record low

Philippines' Q2 GDP growth hits record low

-- 2020-08-06 11:08:48

The GDP growth rate of the Philippines dropped by 16.5 per cent in the second quarter of 2020, the lowest recorded quarterly growth since 1981, bringing the country to a technical recession. In a vir...

IMF forecasts modest narrowing in current account imbalances in 2020

IMF forecasts modest narrowing in current account imbalances in 2020

-- 2020-08-05 12:37:14

Global current account surpluses and deficits narrowed in 2019, and the Covid-19 pandemic could narrow the imbalances further in 2020, the International Monetary Fund (IMF) said in its annual External...

US manufacturing activity expands in July

US manufacturing activity expands in July

-- 2020-08-04 09:40:36

Economic activity in the US manufacturing sector expanded in July amid a resurgence in new Covid-19 infections, the Institute for Supply Management (ISM) reported Monday. The Purchasing Managers' Ind...

India's central bank likely to cut rates despite inflation risk

India's central bank likely to cut rates despite inflation risk

REUTERS 2020-08-03 13:10:15

India’s worsening economic outlook as coronavirus cases soar has raised the chance the central bank will cut interest rates at its policy review on Thursday, in spite of inflationary pressures....

Japan Q1 GDP unchanged at 2.2pc annualised contraction after second revision

Japan Q1 GDP unchanged at 2.2pc annualised contraction after second revision

-- 2020-08-03 10:10:07

Japan’s economy shrank an annualised 2.2 per cent in January-March, unchanged after a second revision, data from the Cabinet Office showed on Monday. The additional revision for the gross domes...

ADB sees pandemic slashing 2020 global remittances by over $100 billion

ADB sees pandemic slashing 2020 global remittances by over $100 billion

-- 2020-08-03 09:28:25

Remittances across the world could decline by $108.6 billion this year as job losses mount and employers trim payrolls amid a Covid-19 pandemic that has devastated economies, according to a report by...

Democrats, White House still at impasse over coronavirus bill

Democrats, White House still at impasse over coronavirus bill

REUTERS 2020-08-02 14:28:53

The top Democrats in Congress are not close to a deal with the White House to pump more money into the US economy to ease the coronavirus’ heavy toll, both sides said on Saturday, after an essen...

Eurozone economy suffers record drop during lockdown months

Eurozone economy suffers record drop during lockdown months

AP 2020-07-31 20:08:00

The economy of the 19-country eurozone shrank by a devastating 12.1 per cent during the second quarter from the quarter before as coronavirus lockdowns froze business and consumer activity. It was the...

Spain enters steep recession, wiping out six years of growth

Spain enters steep recession, wiping out six years of growth

REUTERS 2020-07-31 15:25:50

Spain recorded a historic fall in GDP in the second quarter of the year, with the 18.5 per cent drop wiping out all the post-financial crisis recovery of the last six years, data from National Statist...

Italy loses 600,000 jobs since Covid-19 outbreak

Italy loses 600,000 jobs since Covid-19 outbreak

Xinhua 2020-07-31 12:20:49

Italy has lost 600,000 jobs in June compared to February -- before the COVID-19 pandemic forced the country into a national lockdown that drove its economy to a halt, according to provisional estimate...

Mexico's GDP plunges record 18.9pc in Q2

Mexico's GDP plunges record 18.9pc in Q2

-- 2020-07-31 10:49:04

Mexico's gross domestic product (GDP) plunged a record 18.9 per cent in the second quarter of 2020, compared to the same period last year, the National Institute of Statistics and Geography (INEGI) sa...

World economic recovery looks ever more shaky

World economic recovery looks ever more shaky

REUTERS 2020-07-31 10:39:16

The world economic outlook has dimmed again, with still-rising coronavirus infections and the risk of renewed lockdowns increasing the chances that any rebound will reverse course, according to Reuter...

China warns India against 'forced decoupling' of their economies

China warns India against 'forced decoupling' of their economies

REUTERS 2020-07-31 10:24:29

China warned on Thursday that a “forced decoupling” of its economy with India, following a Himalayan border clash last month that killed 20 Indian soldiers, would hurt both countries. The...

US jobless claims rise for 2nd consecutive week

US jobless claims rise for 2nd consecutive week

-- 2020-07-31 10:14:21

The number of initial jobless claims in the United States rose to 1.43 million last week amid a resurgence in COVID-19 cases, following an increase in the previous week, the Labor Department reported...

Austrian economy suffers historic 11 per cent slump in second quarter

Austrian economy suffers historic 11 per cent slump in second quarter

REUTERS 2020-07-30 16:07:44

The Austrian economy shrank 10.7 per cent in the second quarter, marking its biggest contraction since the data series began after World War Two, as the coronavirus pandemic hit both domestic and fore...

Work for inclusive societies, economies: UN chief

Work for inclusive societies, economies: UN chief

-- 2020-07-30 14:45:52

UN Secretary-General Antonio Guterres has urged all to pledge to work for inclusive societies and economies that leave no one behind. UN Secretary-General Antonio Guterres has urged all to pledge to...

Vietnam's industrial production up slightly in 7 months

Vietnam's industrial production up slightly in 7 months

-- 2020-07-30 11:12:01

Vietnam's national index of industrial production advanced 2.6 per cent year-on-year in the first seven months of this year, according to the General Statistics Office on Thursday. The main driver of...

China-EU economic ties steering toward recovery from COVID-19

China-EU economic ties steering toward recovery from COVID-19

Global Times 2020-07-29 16:20:41

China and EU Tuesday convened one of their most important meetings of the year, steering the vessel of bilateral economic ties toward a reassuring recovery from the COVID-19 pandemic. The two major e...

India's gloomy outlook darkens, recovery path in doubt

India's gloomy outlook darkens, recovery path in doubt

REUTERS 2020-07-29 13:33:52

The outlook for India’s reeling economy has worsened again as business activity slows and Covid-19 infections soar, and will probably prompt the Reserve Bank of India to cut interest rates again...

Australian employment suffers setback from second virus wave

Australian employment suffers setback from second virus wave

REUTERS 2020-07-28 16:18:20

Australian employment fell 1.1 per cent between mid-June and mid-July, weekly data showed on Tuesday, with the biggest loss coming from the southeastern state of Victoria, which is grappling with a fr...