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The Financial Express

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IMF extends debt relief for 28 low-income countries

IMF extends debt relief for 28 low-income countries

-- 2020-10-06 13:46:04

The Executive Board of the International Monetary Fund (IMF) has approved a second six-month tranche of debt service relief for 28 low-income countries amid the Covid-19 pandemic. "Relief on debt ser...

Asian stocks touch two-week high as Trump leaves hospital

Asian stocks touch two-week high as Trump leaves hospital

REUTERS 2020-10-06 13:39:52

Asian stock markets advanced to a more than two-week high on Tuesday after US President Donald Trump was discharged from hospital following treatment for Covid-19, and as prospects for a fresh US stim...

No tax increases in Germany during pandemic, minister says

No tax increases in Germany during pandemic, minister says

Reuters 2020-10-05 15:52:44

Germany should not raise taxes during the pandemic, Economy Minister Peter Altmaier said on Monday, adding that there was a case for lowering taxes in some areas, such as for high-earning skilled work...

Singapore's retail sales fall 5.7pc y/y in August

Singapore's retail sales fall 5.7pc y/y in August

-- 2020-10-05 15:39:15

The Department of Statistics (DOS) of Singapore has announced that Singapore's retail sales decreased by 5.7 per cent year on year in August, an improvement from the 8.5 per cent year-on-year decline...

US launches probe into whether Vietnam undervalues its currency

US launches probe into whether Vietnam undervalues its currency

REUTERS 2020-10-03 11:51:34

The United States is opening an investigation into whether Vietnam has been undervaluing its currency and harming US commerce, the US Trade Representative’s office said in a statement on Friday....

World stocks fall after Trump tests COVID-19 positive

World stocks fall after Trump tests COVID-19 positive

-- 2020-10-02 16:46:33

US stock futures and European stocks fell on Friday after US President Donald Trump said he and his wife had tested positive for the coronavirus. Futures on the S&P 500 fell as much as 2 per cent...

US personal income decreases 2.7pc  in August

US personal income decreases 2.7pc in August

-- 2020-10-02 13:51:45

US personal income decreased 2.7 per cent in August, following the expiration of extra unemployment benefits provided by the federal government, the Labor Department said Thursday. "Federal economic...

US stock futures face further losses as Trump tests positive for Covid-19

US stock futures face further losses as Trump tests positive for Covid-19

REUTERS 2020-10-02 12:16:24

US stock futures extended losses on Friday after President Donald Trump said he and his wife had tested positive for the coronavirus, weeks ahead of elections. Futures for the S&P 500 EScv1 slid...

Tokyo Stock Exchange resumes trading a day after outage, market steady

Tokyo Stock Exchange resumes trading a day after outage, market steady

REUTERS 2020-10-02 11:13:52

The Tokyo Stock Exchange (TSE) resumed normal trading on Friday, with the main index holding steady a day after the worst-ever outage brought the world’s third-largest equity market to a standst...

Vietnam's manufacturing returns to growth in Sept

Vietnam's manufacturing returns to growth in Sept

-- 2020-10-01 14:15:51

Vietnamese manufacturing sector returned to growth in September as COVID-19 concerns eased in the country, a report compiled by the London-based global information provider IHS Markit has said. In Se...

Global housing markets face tougher year ahead, poll shows

Global housing markets face tougher year ahead, poll shows

Reuters 2020-10-01 11:12:38

Most major housing markets won’t keep up with the consumer price inflation in 2021 and are faced with multiple downside risks despite rising strongly this year amid the coronavirus pandemic and...

WB may ready $12b corona vaccine financing for poor countries

WB may ready $12b corona vaccine financing for poor countries

-- 2020-09-30 12:01:34

World Bank President David Malpass said on Tuesday he is seeking board approval for a $12 billion coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of...

European shares cautiously dip ahead of Trump-Biden debate

European shares cautiously dip ahead of Trump-Biden debate

-- 2020-09-29 15:41:30

European stock markets opened lower on Tuesday as a rebound in the previous session fizzled out, with investors remaining cautious ahead of the first US presidential debate. The pan-European STOXX 60...

Walmart in talks to invest $25 billion in Tata Group's 'super app'

Walmart in talks to invest $25 billion in Tata Group's 'super app'

Reuters 2020-09-29 15:19:48

Walmart is in talks with Tata Group for a potential investment of up to $25 billion in the Indian salt-to-software conglomerate’s new “super app”, the Mint newspaper reported on Tues...

US House Democrats unveil $2.2 trillion Covid-19 relief package

US House Democrats unveil $2.2 trillion Covid-19 relief package

-- 2020-09-29 12:13:12

Democrats from the US House of Representatives unveiled on Monday a 2.2 trillion US-dollar COVID-19 relief package, attempting to pressure the White House and Republicans to reach a deal before the pr...

Pandemic to push Asia’s growth to lowest since 1967: World Bank

Pandemic to push Asia’s growth to lowest since 1967: World Bank

REUTERS 2020-09-29 10:05:24

The coronavirus pandemic is expected to lead to the slowest growth in more than 50 years in East Asia and the Pacific as well as China, while up to 38 million people are set to be pushed back into pov...

Malaysia's exports fall 2.9pc in August

Malaysia's exports fall 2.9pc in August

-- 2020-09-28 12:06:16

Malaysia's exports fell 2.9 per cent year-on-year to 79.14 billion ringgit (about 19 billion US dollars) in August due to lower shipment in all sectors. Malaysia International Trade and Industry Mini...

Sri Lanka seeks fresh currency swap facility, deferment of debt payments from India

Sri Lanka seeks fresh currency swap facility, deferment of debt payments from India

-- 2020-09-26 17:29:24

Sri Lankan Prime Minister Mahinda Rajapaksa sought an additional currency swap facility and deferment of debt payments from India during an online bilateral summit with Prime Minister Narendra Modi on...

Global economic outlook ‘less dire’ than June prediction: IMF

Global economic outlook ‘less dire’ than June prediction: IMF

-- 2020-09-25 17:07:13

The global economic outlook is not quite as dark as expected even just three months ago, a top International Monetary Fund official said on Thursday, citing better-than-anticipated economic data from...

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...