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The Financial Express

Search results for: global

Indian economy grows by 20.1pc, raising hopes of recovery

Indian economy grows by 20.1pc, raising hopes of recovery

-- 2021-08-31 20:32:53

India's economy grew by 20.1 per cent in the April-June quarter from the same period a year earlier, when it suffered a record contraction, the government announced Tuesday, raising hopes of an econom...

China's economy under pressure as factory activity slows in Aug

China's economy under pressure as factory activity slows in Aug

-- 2021-08-31 15:54:52

China's businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likeli...

Israel will loan Palestinians money after highest-level talks in years

Israel will loan Palestinians money after highest-level talks in years

-- 2021-08-31 10:38:01

Israel will lend the cash-strapped Palestinian Authority more than $150 million after the sides held their highest-level meeting in years, Israeli officials said on Monday, while playing down prospect...

Dollar steadies near two-week lows

Dollar steadies near two-week lows

-- 2021-08-30 20:54:10

The dollar steadied near two-week lows on Monday, held back by the message from the U.S. Federal Reserve chief that there is no hurry to dial back massive stimulus. The allure of the greenback took a...

Asian shares rise on dovish US Fed chair, oil up

Asian shares rise on dovish US Fed chair, oil up

-- 2021-08-30 10:34:55

Asian shares perked up and the dollar fell to two-week lows on Monday after US Federal Reserve Chairman Jerome Powell struck a dovish tone at the central bank's long-awaited symposium, although invest...

India attracts $22.5b in FDI in April-June 2021

India attracts $22.5b in FDI in April-June 2021

-- 2021-08-29 10:26:19

India attracted foreign direct investment (FDI) inflows of $22.53 billion during the first three months of the fiscal year starting on April 1, about 90 per cent higher than the April-June period last...

Google Play app store revenue reached $11.2b in 2019

Google Play app store revenue reached $11.2b in 2019

-- 2021-08-29 10:10:55

Alphabet Google generated $11.2 billion in revenue from its mobile app store in 2019, according to a court filing unsealed on Saturday, offering a clear view into the service's financial results for t...

China mulls move to ban overseas IPOs for tech firms

China mulls move to ban overseas IPOs for tech firms

-- 2021-08-28 15:53:01

China has launched a multi-pronged attack on its tech companies, threatening to curb their ability to list in the United States, seeking to tighten up regulation of their use of algorithms and sidelin...

South Korea becomes first major Asian economy to raise interest rates in pandemic-era

South Korea becomes first major Asian economy to raise interest rates in pandemic-era

-- 2021-08-26 14:45:59

South Korea has become the first major Asian economy to raise interest rates since the coronavirus pandemic began. The Bank of Korea increased its base rate of interest from a record low of 0...

Singapore factory output growth eases to 16.3pc in July

Singapore factory output growth eases to 16.3pc in July

-- 2021-08-26 13:52:29

Singapore's manufacturing output grew 16.3 per cent year on year in July, compared to the revised 28 per cent increase in the previous month, the Singapore Economic Development Board has said. Exclud...

Grameen America: Microfinancing Having a Macroeconomic Impact - An Interview with Andrea Jung   

Grameen America: Microfinancing Having a Macroeconomic Impact - An Interview with Andrea Jung  

-- 2021-08-25 18:55:00

Andrea Jung is the President and CEO of Grameen America. She is the former Chairman and CEO of Avon Products, Inc., where she served as CEO from 1999 to 2012, and as Chairman from 2001 through 2012....

World Bank suspends financial support to Afghanistan after Taliban takeover

World Bank suspends financial support to Afghanistan after Taliban takeover

-- 2021-08-25 12:43:21

The World Bank has halted funding for projects in Afghanistan after the Taliban seized control of the country. It cited concerns over how the Taliban's takeover will impact "the country's develop...

Asia's economic recovery uncertain

Asia's economic recovery uncertain

-- 2021-08-24 17:21:20

Asia's robust economic recovery from last year's coronavirus low is losing momentum as a surge in COVID-19 cases sees shops empty again and factories close, dimming prospects for corporate profit grow...

Pandemic threatens to derail Asia-Pacific's progress on global development goals, ADB says

Pandemic threatens to derail Asia-Pacific's progress on global development goals, ADB says

-- 2021-08-24 10:07:26

The coronavirus pandemic may have pushed as many as 80 million people in developing Asia into extreme poverty last year, threatening to derail progress on global goals to tackle poverty and hunger by...

$650b reserves distribution is 'shot in arm' for global economy, says IMF

$650b reserves distribution is 'shot in arm' for global economy, says IMF

-- 2021-08-23 20:43:58

The IMF will distribute about $650 billion in new Special Drawing Rights to its members on Monday, providing a "significant shot in the arm" for global efforts to combat the COVID-19 pandemic, Managin...

Taliban takeover pushes Afghanistan's economy closer to the brink

Taliban takeover pushes Afghanistan's economy closer to the brink

-- 2021-08-21 18:41:47

The Taliban sweeping to power in Afghanistan has thrust one of the world's poorest countries back into the limelight. The following charts depict Afghanistan's current economic situation: GLUM GROWT...

Global merchandise trade recovering strongly, says WTO

Global merchandise trade recovering strongly, says WTO

FE Online Report 2021-08-19 15:46:00

Global merchandise trade continues its robust recovery from the shock of the Covid-19 pandemic, according to the latest reading of the World Trade Organization (WTO)’s Goods Trade Barometer. &l...

IFC pledges $3.8b to offset pandemic effects in South Asia, drive recovery

IFC pledges $3.8b to offset pandemic effects in South Asia, drive recovery

FE Online Report 2021-08-17 12:55:01

The International Finance Corporation has renewed focus on sustained investments in South Asia in a bid to protect the most vulnerable people and help companies maintain operations and jobs, says the...

India will soon unveil $1.35tn infrastructure plan: Modi

India will soon unveil $1.35tn infrastructure plan: Modi

REUTERS 2021-08-16 11:05:59

India will launch a 100 trillion rupee ($1.35 trillion) national infrastructure plan that will help generate jobs and expand use of cleaner fuels to achieve the country's climate goals, Prime Minister...

Taliban's gains give investors cause for concern

Taliban's gains give investors cause for concern

-- 2021-08-15 10:36:51

The Taliban's rapid advance towards Kabul is not only causing concern about Afghanistan's future but also about the impact on other countries in the region and their economies. Iran and then Iraq lie...

Shares in South Korea's Krafton, maker of 'PUBG', tumbles on trading debut

Shares in South Korea's Krafton, maker of 'PUBG', tumbles on trading debut

-- 2021-08-10 10:51:28

Shares in Krafton Inc, the Tencent Holdings-backed South Korean company behind blockbuster video game "PlayerUnknown's Battlegrounds" (PUBG), fell as much as 20 per cent from their IPO price on their...

IMF increases SDR allocation to US$650b

IMF increases SDR allocation to US$650b

fe 2021-08-03 08:59:25

The Board of Governors of the International Monetary Fund (IMF) approved a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion (about SDR 456 billion) on Monday to boost g...

Asian factory activity hit by rising costs

Asian factory activity hit by rising costs

-- 2021-08-02 10:47:14

Asia's factories hit a rough patch in July as rising input costs and a new wave of coronavirus infections overshadowed solid global demand, highlighting the fragile nature of the region's recovery. M...

Axiata seeks 66pc stake in Indonesia's Link Net

Axiata seeks 66pc stake in Indonesia's Link Net

REUTERS 2021-07-30 18:48:17

Malaysian telecoms group Axiata Group Bhd is exploring a deal to acquire an equity holding of almost two-thirds of Indonesia's PT Link Net Tbk shares, it said in a stock exchange filing on Friday. Th...

IFAD projects helped 123m rural people across the globe in 2020

IFAD projects helped 123m rural people across the globe in 2020

FE ONLINE REPORT 2021-07-29 19:54:08

The UN's International Fund for Agricultural Development (IFAD) projects were able to reach 123 million rural people across the globe in 2020 including Bangladesh, says a report published on Thursday....

Bangladeshis among IMF-predicted 80m more hardcore poor worldwide

Bangladeshis among IMF-predicted 80m more hardcore poor worldwide

FE REPORT 2021-07-28 08:20:17

An additional 80-million people of low-income countries, including Bangladesh, are likely to enter into Covid-induced extreme poverty during 2020-21, the International Monetary Fund (IMF) has predic...

Covid 'pingdemic' sharply slows UK’s growth

Covid 'pingdemic' sharply slows UK’s growth

REUTERS 2021-07-24 13:11:59

Britain's rapid economic bounce-back from the Covid-19 pandemic slowed sharply in July as a new wave of cases forced hundreds of thousands of workers to self-isolate under government rules to limit th...

Natural disasters coupled with virus variant threatening global supply chains

Natural disasters coupled with virus variant threatening global supply chains

REUTERS 2021-07-24 11:12:43

A new worldwide wave of Covid-19. Natural disasters in China and Germany. A cyber attack targeting key South African ports. Events have conspired to drive global supply chains towards breaking point,...

IMF increases lending limit by 45pc for low-income countries

IMF increases lending limit by 45pc for low-income countries

FE ONLINE DESK 2021-07-23 17:48:24

The International Monetary Fund (IMF) has increased normal limits on access to concessional financing by 45 per cent to better support low-income countries (LICs) during the COVID-19 pandemic and the...

Delta dims global recovery outlook

Delta dims global recovery outlook

REUTERS 2021-07-21 21:19:59

A drubbing in world equity markets and a huge flight to safety into U.S. Treasuries this week suggests investors now doubt that a much-anticipated return to post-COVID normality is feasible any time s...