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The Financial Express

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IMF officials call for strengthening cooperation to enhance cross-border payments

IMF officials call for strengthening cooperation to enhance cross-border payments

-- 2020-10-20 16:02:23

Senior officials at the International Monetary Fund (IMF) have called for strengthening international cooperation to improve cross-border payments as many central banks are exploring the issuance of d...

China’s economy sees quick recovery as consumption returns

China’s economy sees quick recovery as consumption returns

REUTERS 2020-10-19 16:14:26

China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one...

Italy unveils new stimulus package to help virus-hit economy

Italy unveils new stimulus package to help virus-hit economy

Reuters 2020-10-18 16:08:03

Italy has approved a new stimulus package in its 2021 budget to foster an economic rebound from the recession caused by the coronavirus crisis, a government statement said on Sunday after a late-night...

Sri Lanka's central bank approves $966m business relief loans

Sri Lanka's central bank approves $966m business relief loans

-- 2020-10-18 12:40:23

The Central Bank of Sri Lanka (CBSL) has approved 966 million US dollars worth of loans under a relief programme for coronavirus (Covid-19) affected businesses, local media reported on Sunday. A tota...

83pc women farmers of Africa, Asia lost livelihood amid pandemic

83pc women farmers of Africa, Asia lost livelihood amid pandemic

FE ONLINE REPORT 2020-10-16 19:32:44

Some 83 per cent women farmers of 14 countries in Africa and Asia including Bangladesh reported a loss of livelihoods during the pandemic, with 65 per cent saying they are experiencing food shortages,...

IMF lifts China’s GDP forecast to 1.9pc in 2020

IMF lifts China’s GDP forecast to 1.9pc in 2020

Global Times 2020-10-16 17:07:34

The IMF projects that China's GDP will grow by 1.9 per cent in 2020, up from 1.0 per cent in its last projection in June, citing a faster-than-expected recovery in China. China will be the only major...

European shares bounce back from two-week lows

European shares bounce back from two-week lows

-- 2020-10-16 14:20:55

European shares bounced from two-week lows on Friday but were still set for weekly losses after a sell-off that was marked by fears of a second wave of COVID-19 infections, Brexit-related uncertainty...

UN chief calls for investment in rural women to help build resilience to crises

UN chief calls for investment in rural women to help build resilience to crises

-- 2020-10-16 11:48:33

United Nations Secretary-General Antonio Guterres has called for efforts to invest in rural women and help them build resilience to future crises. "Together, we must invest in rural women so that the...

IMF fears higher debt burdens, poverty, inequality worldwide

IMF fears higher debt burdens, poverty, inequality worldwide

FE Online Report 2020-10-16 10:04:37

The International Monetary Fund (IMF) has called the ongoing global economic recovery partial and uneven that is marked by significant uncertainty, as the pandemic continues to spread in places. An I...

IMF sees debt soaring but stabilising at 100pc of GDP; if pandemic eases, growth resumes

IMF sees debt soaring but stabilising at 100pc of GDP; if pandemic eases, growth resumes

-- 2020-10-14 18:34:43

Massive government spending to battle the coronavirus pandemic will push public debt to a record of nearly 100 per cent of global economic output this year, but the run-up may be a one-off event if gr...

WB readies $12b for Covid-19 vaccines, treatments in developing countries

WB readies $12b for Covid-19 vaccines, treatments in developing countries

REUTERS 2020-10-14 11:16:02

The World Bank said its executive board approved on Tuesday $12 billion in new funding for developing countries to finance the purchase and distribution of Covid-19 vaccines, tests and treatments for...

IMF sees less severe global contraction but worsening outlook for many emerging markets

IMF sees less severe global contraction but worsening outlook for many emerging markets

-- 2020-10-13 20:25:50

The International Monetary Fund on Tuesday said forecasts for the global economy were “somewhat less dire” as wealthy countries and China rebounded more quickly than expected from coronavi...

Asian shares recoup early losses, buoyed by Chinese trade data

Asian shares recoup early losses, buoyed by Chinese trade data

REUTERS 2020-10-13 15:44:06

Asian stock markets steadied on Tuesday after Chinese trade data underscored the country’s economic recovery, while fresh optimism about US stimulus is likely to keep global investor sentiment e...

Debt of poorest countries hit record $744b in 2019: World Bank

Debt of poorest countries hit record $744b in 2019: World Bank

-- 2020-10-13 10:54:23

The total external debt of the world's poorest countries climbed 9.5 per cent to a record 744 billion US dollars in 2019, according to the World Bank Group's latest International Debt Statistics (IDS)...

Unilever UK shareholders back unification plan

Unilever UK shareholders back unification plan

Reuters 2020-10-13 10:30:23

Shareholders in Unilever Plc have approved the company's plan to end its 90-year-old dual-headed structure in favour of a single London-based entity, the Anglo-Dutch consumer goods company said o...

Paul Milgrom, Robert Wilson win Nobel in economics for work on auction theory

Paul Milgrom, Robert Wilson win Nobel in economics for work on auction theory

-- 2020-10-12 16:41:48

US economists Paul Milgrom and Robert Wilson won the 2020 Nobel Economics Prize for improvements to auction theory and inventions of new auction formats, the Royal Swedish Academy of Sciences said on...

China to invest nearly $900b in power grids: State media

China to invest nearly $900b in power grids: State media

-- 2020-10-10 17:54:30

China will invest near $900 billion in the next five years to help further develop the country’s power grids, reports Reuters on Saturday citing the country’s official Xinhua News Agency....

Strict lockdowns may speed up economic recovery: IMF

Strict lockdowns may speed up economic recovery: IMF

-- 2020-10-09 20:35:23

Early lockdowns in an epidemic can substantially reduce infections, and policymakers should be wary of lifting them to jumpstart their economies when infections remain high, the International Monetary...

China's Ant IPO creates retail frenzy

China's Ant IPO creates retail frenzy

REUTERS 2020-10-09 13:09:01

Five newly launched Chinese funds targetting Ant Group’s upcoming mega stock listing raised 60 billion yuan ($8.93 billion) cumulatively from more than 10 million retail investors, selling out w...

Unemployment is world's biggest worry for next 10 years, business leaders say

Unemployment is world's biggest worry for next 10 years, business leaders say

Reuters 2020-10-08 12:59:28

Unemployment is seen as the biggest worry over the next 10 years for business executives around the world, closely followed by concern about the spread of infectious diseases, according to a survey by...

Asian stocks edge higher shrugging off US stimulus gloom

Asian stocks edge higher shrugging off US stimulus gloom

REUTERS 2020-10-07 10:49:31

Asian stock markets edged higher on Wednesday, brushing off Wall Street’s weaker finish, which came after US President Donald Trump abruptly broke off economic stimulus negotiations with lawmake...

IMF chief says global economy 'less dire' but long climb ahead

IMF chief says global economy 'less dire' but long climb ahead

-- 2020-10-06 19:52:13

The global economy is looking “less dire” than it did in June and the International Monetary Fund will make a “small” upward revision to its 2020 global output forecast, IMF Ma...

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...