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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...

UK unemployment rises for first time since coronavirus lockdown

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

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

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

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

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

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

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...