Loading...
The Financial Express

Search results for: global

Vietnam's wood, woodwork export up in eight months

Vietnam's wood, woodwork export up in eight months

-- 2020-09-07 15:34:30

Vietnam exported more than 7.3 billion US dollars of wood and wood-based products in the first eight months of this year, up 9.6 per cent against the same period last year, according to the Vietnam Ad...

Asian shares fragile amid Covid-19 challenges

Asian shares fragile amid Covid-19 challenges

-- 2020-09-07 12:54:31

Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil price...

Covid-19: Philippines secures nearly $9b foreign loans, grants

Covid-19: Philippines secures nearly $9b foreign loans, grants

-- 2020-09-06 15:21:42

The Philippines has so far secured a total of 8.83 billion US dollars in borrowings, loans and grant assistance for the government's coronavirus disease (Covid-19) response efforts from its developmen...

US economy requires further fiscal support, says Fed official

US economy requires further fiscal support, says Fed official

-- 2020-09-03 13:20:48

US economic recovery remains "fragile," requiring further fiscal support to move into a "more sustained recovery" phase from the reopening phase, a senior Federal Reserve official has said. "The most...

France unveils 100 billion euro stimulus to revive economy

France unveils 100 billion euro stimulus to revive economy

Reuters 2020-09-03 12:53:22

The French government detailed on Thursday its 100 billion euro ($118.3 billion) stimulus plan to erase the economic impact of the coronavirus crisis over two years, lining up billions of euros in pub...

'Take steps to make SAFTA vibrant'

'Take steps to make SAFTA vibrant'

FE Report 2020-09-03 10:14:26

South Asian scholars in a webinar on Wednesday underscored the need for making the South Asian Free Trade Area (SAFTA) functional and vibrant in order to reap benefits while overcoming the post-Covid-...

Eurozone unemployment rises again

Eurozone unemployment rises again

-- 2020-09-02 11:36:10

The unemployment rate in the 19-member euro area continued to rise in July, a month marked by some relaxation of COVID-19 containment measures in many members of the European Union (EU), showed the fi...

Australia in recession for first time in nearly 30 years

Australia in recession for first time in nearly 30 years

-- 2020-09-02 10:17:21

Australia's economy has plunged into its first recession in nearly 30 years, as it suffers the economic fallout from the coronavirus. Gross domestic product (GDP) shrunk 7 per cent in the April-to-Ju...

India's factory output rebounds in August

India's factory output rebounds in August

-- 2020-09-01 16:17:31

India's manufacturing sector bounced back in August amid improved customer demand and relaxation of coronavirus (Covid-19) lockdown, as per a survey released on Tuesday. The Purchasing Managers' Inde...

European investors bet on Asia’s debt

European investors bet on Asia’s debt

-- 2020-09-01 15:49:27

Low yields at home are sending some previously shy European investors into Asia’s credit markets, money managers say, lured by the promise of higher returns and a hope that rebounding economies...

Asian stocks edge up after strong China manufacturing survey

Asian stocks edge up after strong China manufacturing survey

REUTERS 2020-09-01 13:43:07

Asian stocks edged higher on Tuesday after strong readings on China’s vast manufacturing sector offset the weak lead from a softer Wall Street session. European shares are expected to rebound f...

Indian economy likely to see record quarterly slump as pandemic hits

Indian economy likely to see record quarterly slump as pandemic hits

-- 2020-08-31 11:05:23

India’s economy likely suffered its largest quarterly slump on record, data is expected to show on Monday, as coronavirus-related lockdowns add to already-declining consumer demand and investmen...

Asian stocks at 29-month high

Asian stocks at 29-month high

REUTERS 2020-08-31 09:44:02

Asian shares notched a 29-month high on Monday as investors wagered monetary and fiscal policies globally would stay super stimulatory, while an upbeat reading on China’s service sector augured...

India ready to tie up with ASEAN in generics, medical tech for fighting Covid-19

India ready to tie up with ASEAN in generics, medical tech for fighting Covid-19

-- 2020-08-29 19:08:01

India is willing to collaborate with the ten-member ASEAN in the production of generic drugs and medical technologies used for the treatment of Covid-19 patients, Commerce and Industry Minister Piyush...

UAE cancels Israel boycott, allows economic agreements

UAE cancels Israel boycott, allows economic agreements

-- 2020-08-29 16:13:17

The president of the United Arab Emirates (UAE) has issued a decree cancelling a law on boycotting Israel and allowing trade and financial agreements between the two countries, the UAE official news a...

Recovery hopes dashed for India's recession-hit economy

Recovery hopes dashed for India's recession-hit economy

REUTERS 2020-08-28 13:07:40

India’s deepest recession on record will linger through the rest of this year and begin to lift only in early 2021 as a rapid surge in the coronavirus spread squelches a nascent rebound in consu...

Swiss government sees GDP turning positive in Q3

Swiss government sees GDP turning positive in Q3

Reuters 2020-08-27 16:06:32

Switzerland’s COVID-19 battered economy will return to growth in the third quarter (Q3) compared with the second quarter, a government economist said on Thursday, citing a better than expected r...

ESCAP, Switzerland to partner for disaster relief in Asia Pacific

ESCAP, Switzerland to partner for disaster relief in Asia Pacific

FE Online Desk 2020-08-27 14:25:28

The Government of Switzerland has pledged USD 300,000 in contributions for the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Multi-Donor Trust Fund for Tsunami, Disast...

US economy could degrade to "no growth at all" without Covid-19 relief bill: Economists

US economy could degrade to "no growth at all" without Covid-19 relief bill: Economists

-- 2020-08-26 15:10:52

The US economy could degrade to "no growth at all" if Congress fails to pass the next Covid-19 relief bill, two renowned American economists warned on Tuesday. "If senators still fail to resolve stal...

Global Markets: Stocks steady, bonds sold as markets turn to Jackson Hole

Global Markets: Stocks steady, bonds sold as markets turn to Jackson Hole

REUTERS 2020-08-26 13:00:38

Bonds sold off and stocks took a breather on Wednesday as investors waited to hear from the Federal Reserve about its next moves to support the US economic recovery, while oil jumped to a five-month p...

Asia-Pacific govts meet to modernise official statistics to ensure no one is left behind

Asia-Pacific govts meet to modernise official statistics to ensure no one is left behind

FE Online Desk 2020-08-25 14:44:45

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) will bring together senior statisticians, government officials and leading experts this week to review how official s...

Global tourism lost $320 billion in five months from virus: UN

Global tourism lost $320 billion in five months from virus: UN

-- 2020-08-25 12:58:13

The tourism global industry has been devastated by the coronavirus pandemic, with $320 billion lost in exports in the first five months of the year and more than 120 million jobs at risk, the UN chief...

Nepal sees record high forex reserves in FY 2019-20

Nepal sees record high forex reserves in FY 2019-20

-- 2020-08-25 12:24:27

Nepal reported the record high foreign exchange reserves in the last fiscal year 2019-20 that ended in mid-July as the country's import slumped amid Covid-19 and less-than-estimated decrease in remitt...

Malaysia's latest economic index shows sign of recovery in H2

Malaysia's latest economic index shows sign of recovery in H2

-- 2020-08-24 14:12:02

Malaysia's leading index grew at a faster pace in June, rising 4.5 per cent year on year, signaling an economic recovery in the second half, said its statistics department Monday. Malaysian Statistic...

Economic crisis caused by COVID-19 "most synchronised" in history, says economist

Economic crisis caused by COVID-19 "most synchronised" in history, says economist

Xinhua 2020-08-23 16:29:31

The economic crisis caused by the novel coronavirus pandemic is the "most synchronized" in history and its prospects of recovery is quite uncertain, Colombian economist Jose Antonio Ocampo said on Sat...

China's garment industry sees lower revenues in H1

China's garment industry sees lower revenues in H1

-- 2020-08-22 14:06:55

China's garment industry registered shrinking revenues and profits in the first half of the year, but the decline was narrower, data from the Ministry of Industry and Information Technology (MIIT) sho...

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...