Search results for: global

ADB allocates over $20m to help developing members access Covid-19 vaccines

-- 2020-11-17 12:33:23

The Asian Development Bank (ADB) said on Tuesday that it had allocated 20.3 million US dollars in technical assistance to help its developing members access vaccines for coronavirus (Covid-19) and est...

Asian stocks ride high on Covid-19 vaccine hopes

REUTERS 2020-11-16 11:35:18

Asian stocks hit a record high on Monday as vaccine optimism and strong economic data from China and Japan outshone worries about rising coronavirus cases, lifting just about every sector. MSCI's bro...

Asia forms world's biggest trade bloc

Reuters 2020-11-15 19:30:12

Fifteen Asia-Pacific economies formed the world's largest free trade bloc on Sunday, a China-backed deal that excludes the United States, which had left a rival Asia-Pacific grouping under President...

Iran’s trade with Europe hits $8.8b in 7 months

-- 2020-11-15 12:53:13

The value of bilateral trade between Iran and the European countries reached 8.8 billion US dollars from March 20 to Oct. 21, Ruhollah Latifi, spokesperson for Iran's Customs Office announced on Satur...

Thailand aims to produce 4.9m tonnes of natural rubber this year

-- 2020-11-14 16:09:39

Thailand is expected to produce some 4.9 million tonnes of natural rubber throughout this year, said Rubber Authority of Thailand (RAOT) Governor Nakorn Tangavirapat on Saturday. Of the total natural...

Malaysia's economy records smaller contraction of 2.7pc in Q3

-- 2020-11-13 15:06:28

Malaysia's economy decreased at a slower pace of 2.7 per cent in the third quarter from the double-digit decline of 17.1 per cent in the second quarter of 2020, said its central bank on Friday. Bank...

Trump bans US investments in Chinese firms with military ties

Reuters 2020-11-13 12:26:36

The Trump administration on Thursday (US standard time) unveiled an executive order prohibiting US investments in Chinese firms that Washington says are owned or controlled by the Chinese military, ra...

ASEAN summit kicks off virtually, highlights post-Covid-19 recovery

-- 2020-11-12 13:17:10

The Association of Southeast Asian Nations (ASEAN) has opened its 37th summit under the chairmanship of Vietnam via video conference, with focus on recovery from coronavirus (COVID-19) and the role of...

US Fed warns of financial risks as coronavirus persists

-- 2020-11-10 15:19:45

The US Federal Reserve has warned of a potential decline in asset prices and other financial risks as the coronavirus (Covid-19) pandemic and recession persists. "Given the high level of uncertainty...

Vietnam's rice export up in 10 months

-- 2020-11-09 14:48:48

Vietnam reaped over 2.6 billion US dollars from exporting nearly 5.3 million tons of rice in the first 10 months of this year, up 8.2 per cent in value and down 4.0 per cent in volume year on year, ac...

US Fed keeps interest rates near zero amid election uncertainty

-- 2020-11-06 17:31:16

The US Federal Reserve has kept its benchmark interest rate unchanged at the record-low level of near zero amid uncertainty about the final result of the presidential election. "Economic activity and...

Japan to open English-speaking support office to lure foreign investments

Reuters 2020-11-06 12:09:18

Japan will open an English-speaking support office for foreign asset management firms seeking to do business in the country in January, Finance Minister Taro Aso said on Friday, as it aims to boost th...

World Bank-IMF annual meetings in 2021 postponed due to pandemic

-- 2020-11-06 11:57:12

The World Bank Group and the International Monetary Fund (IMF) on Thursday announced that the planned annual meetings scheduled to take place in Morocco in October 2021 will be postponed by 12 months...

BoE ramps up stimulus by another 150b pounds

Reuters 2020-11-05 14:39:57

The Bank of England (BoE) increased its already huge bond-buying stimulus by a bigger-than-expected 150 billion pounds ($195 billion) as it sought to cushion Britain’s struggling economy against...

Wall Street firms crave certainty about US election, hope for quick stimulus

Reuters 2020-11-04 23:00:10

With the US presidential election turning into a nail-biter, bankers, traders and financial analysts told Reuters on Wednesday that Wall Street was worried the ultimate winner could have tough sleddin...

Philippines' total external trade declines 9.2pc in September

-- 2020-11-04 15:04:26

The Philippines' total external trade in goods declined 9.2 per cent in September from a year earlier to 14.14 billion US dollars, the Philippine Statistics Authority (PSA) has said. This was lower t...

Stocks gain, dollar slips reacting to possible Biden win

REUTERS 2020-11-04 09:04:33

The dollar slid and global equity markets rose on Tuesday on bets of increased stimulus if Joe Biden wins the US presidential election against President Donald Trump, but gold prices edged higher on t...

Vietnam's garment exports decline $24.8 billion in 10 months

-- 2020-11-03 14:10:47

Vietnam's total textile and garment export value in the first 10 months of this year declined 9.3 per cent year on year to nearly 24.8 billion US dollars, according to the General Statistics Office on...

Cambodia's rice export up 17pc in 10 months

-- 2020-11-02 13:34:07

Cambodia exported 536,305 metric tons of milled rice in the first 10 months of 2020, up 17 per cent over the same period last year, Agriculture Minister Veng Sakhon said on Monday. China remained the...

How COVID-19 will increase inequality in emerging markets and developing economies

blogs.imf.org 2020-10-30 21:15:03

Emerging markets and developing economies grew consistently in the two decades before the COVID-19 pandemic hit, allowing for much-needed gains in poverty reduction and life expectancy. The crisis now...

US supports one million American jobs in Indo Pacific in two years

-- 2020-10-30 20:03:07

The United States has supported nearly one million American jobs and assisted over 12,000 US companies active in Indo pacific region that includes Bangladesh since July 2018. The information was reve...

German economy sees record growth in third quarter

REUTERS 2020-10-30 16:05:22

The German economy grew by a record 8.2 per cent in the third quarter as Europe’s largest economy partly recovered from its worst-ever recession caused by the Covid-19 pandemic, data from the Fe...

Vietnam's export turnovers rise 4.7pc in 10 months

-- 2020-10-30 12:22:05

Vietnam's export and import turnovers in the first 10 months of 2020 increased by 4.7 per cent and 0.4 per cent year-on-year respectively, according to the country's General Statistics Office on Frida...

As Covid-19 lingers, US polls near, China growth gives Asia a boost

REUTERS 2020-10-29 12:30:23

Asia is starting to see signs of economic recovery as it rides on the back of an upturn in China, which is entering a new expansion phase less than a year after it recorded the world's first cases of...

USAID announces $28m assistance to advance South Asian regional energy market

FE Online Report 2020-10-29 10:42:49

USAID has launched more than $28 million in activities to advance regional energy markets in South Asia to strengthen energy security and expand access to energy across the Indo-Pacific region. US Ag...

Tourist arrivals fall 70pc worldwide: UNWTO

FE Online Desk 2020-10-28 15:39:59

Global tourism has witnessed a fall by 70 per cent in international tourist arrivals as the restrictions on travel introduced in response to the Covid-19 pandemic have continued to hit the sector hard...

HSBC to overhaul business model

Reuters 2020-10-27 15:37:05

HSBC Holdings on Tuesday signalled it would embark on a pandemic-induced overhaul of its business model, seeking to flip its main source of income from interest rates to fee-based businesses. Reporti...

Global FDI drops 49 pc in H1, Bangladesh also sees decline

FE Online Report 2020-10-27 13:26:07

Inflows of global foreign direct investment (FDI) fell 49.0 per cent in the first half (H1) of the current year ‘due to the economic fallout from Covid-19’. The latest Global Investment T...

Surging coronavirus cases subdue Asian shares

-- 2020-10-26 13:52:23

Asian shares got the week off to a hesitant start on Monday as surging coronavirus (Covid-19) cases in Europe and the United States undermined the global outlook, while China’s leaders meet to p...

GYV Victor named first chairman of newly formed Bangladesh India Mediators Forum

-- 2020-10-25 16:58:33

The Bangladesh India Mediators Forum (BIMF) was set up on October 22 with India’s GYV Victor as its first chairman and a member of the Board. BIMF seeks to promote bilateral working environment...