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The Financial Express
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South Korea's foreign debt grows to $503.1b in Q2

South Korea's foreign debt grows to $503.1b in Q2

-- 2020-08-20 16:22:13

South Korea's foreign debt grew in the second quarter (Q2) as foreigners bought local state bonds, the finance ministry said Thursday. The country's foreign debt amounted to 503.1 billion US dollars...

India faces protracted slowdown as virus clouds rural revival

India faces protracted slowdown as virus clouds rural revival

REUTERS 2020-08-20 13:29:42

India is staring at a protracted slowdown as coronavirus cases reach its countryside, with signs of recovery in the rural economy hailed by Prime Minister Narendra Modi “at best a mitigating fac...

Taiwan aims to become Asian financial hub

Taiwan aims to become Asian financial hub

-- 2020-08-19 13:32:01

Taiwan will further liberalise its economy and offer more financing products, aiming to become an Asian financial and asset management hub, President Tsai Ing-wen said on Wednesday, pitching the islan...

Asian shares jump to seven months high

Asian shares jump to seven months high

-- 2020-08-19 12:01:47

Asian shares jumped to a seven-month peak on Wednesday tracking the S&P 500, which scaled all-time highs driven by ever-expanding policy stimulus aimed at cushioning the blow to economies from the...

Malaysia's inflation declines 1.3pc in July

Malaysia's inflation declines 1.3pc in July

-- 2020-08-18 14:35:52

Malaysia's inflation, measured by consumer price index (CPI), declined 1.3 per cent year-on-year in July, official data showed Tuesday. The Malaysian Statistics Department said in a statement that th...

Egypt's unemployment rate up to 9.6pc in Q2

Egypt's unemployment rate up to 9.6pc in Q2

-- 2020-08-18 12:06:09

Egypt's unemployment rate rose to 9.6 per cent in the second quarter of 2020 from 7.7 per cent in the previous quarter of the year due to the coronavirus outbreak, the state-run statistics agency has...

Europe stuck on the ground as China markets jump

Europe stuck on the ground as China markets jump

REUTERS 2020-08-17 16:11:03

Shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated US Treasuries would be extended and perhaps take s...

Thailand suffers biggest economic slump since 1998

Thailand suffers biggest economic slump since 1998

REUTERS 2020-08-17 15:36:39

Thailand’s economy suffered its biggest annual contraction since the Asian financial crisis in the second quarter due to the fallout of the coronavirus, prompting the government to slash its GDP...

Asia shares push ahead as China markets jump

Asia shares push ahead as China markets jump

REUTERS 2020-08-17 13:21:36

Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated US Treasuries would extend and maybe take so...

Singapore's non-oil domestic exports grows by 6pc on year in July

Singapore's non-oil domestic exports grows by 6pc on year in July

-- 2020-08-17 12:36:43

Singapore's non-oil domestic exports (NODX) grew by 6.0 per cent year on year in July, after the revised 13.9 per cent increase in the previous month, Enterprise Singapore, a government agency, announ...

Japan's economy shrinks at record pace as pandemic wipes out 'Abenomics' gains

Japan's economy shrinks at record pace as pandemic wipes out 'Abenomics' gains

REUTERS 2020-08-17 09:59:55

Japan was hit by its biggest economic contraction on record in the second quarter as the coronavirus pandemic crushed consumption and exports, keeping policymakers under pressure for bolder action to...

S Arabia inflation jumps to 6.1pc in July

S Arabia inflation jumps to 6.1pc in July

-- 2020-08-16 14:47:05

Saudi Arabia’s consumer price index jumped 6.1 per cent in July compared with a year earlier, boosted by a tripling of value-added tax, official data showed on Sunday. The inflation rate in Jun...

India to inject $1.46t to turnaround virus-hit economy

India to inject $1.46t to turnaround virus-hit economy

-- 2020-08-15 20:22:50

India’s prime minister said Saturday his country has done well in containing the coronavirus pandemic and announced $1.46 trillion in infrastructure projects to boost the sagging economy, report...

Malaysia's economy contracts 17.1pc in second quarter

Malaysia's economy contracts 17.1pc in second quarter

-- 2020-08-14 16:48:33

The Malaysian economy contracted 17.1 per cent year on year in the second quarter (Q2), the worst slump since the fourth quarter of 1998, official data showed Friday. Malaysian Central Bank, Bank Neg...

Indonesia must use pandemic to reboot S Asia’s biggest economy: President

Indonesia must use pandemic to reboot S Asia’s biggest economy: President

-- 2020-08-14 10:41:29

Indonesia must use the pandemic to reboot Southeast Asia’s biggest economy, including by improving food and energy security, as well as processing more natural resources at home, President Joko...

In China, fears of financial Iron Curtain as US tensions rise

In China, fears of financial Iron Curtain as US tensions rise

REUTERS 2020-08-13 15:02:02

A sharp escalation in tensions with the United States has stoked fears in China of a deepening financial war that could result in it being shut out of the global dollar system - a devastating prospect...

German cos see business returning to normal in 11 months

German cos see business returning to normal in 11 months

Reuters 2020-08-13 14:50:39

German companies expect business to return to normal in an average of 11 months, the Ifo economic institute said on Thursday. For companies in the services sector, that number is even higher, at 11.7...

Chinese banks expected to dispose $490 billion of bad loans in 2020

Chinese banks expected to dispose $490 billion of bad loans in 2020

-- 2020-08-13 13:57:09

China’s banking industry is expected to dispose 3.4 trillion yuan ($489.91 billion) of bad loans in 2020 to contain financial risks in an economy weakened by Covid-19, according to a Xinhua repo...

Australian unemployment hits 22-year high

Australian unemployment hits 22-year high

-- 2020-08-13 12:26:56

The number of unemployed Australians actively looking for work has surpassed 1.0 million for the first time. According to data released by the Australian Bureau of Statistics (ABS), which is in Canbe...

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...