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The Financial Express

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IMF calls for protecting women's economic opportunities

IMF calls for protecting women's economic opportunities

-- 2020-07-22 12:10:59

The International Monetary Fund (IMF) has urged the policymakers to take effective steps to limit the coronavirus pandemic's scarring effects on women. Citing that COVID-19 pandemic threatens to roll...

Maldives to lower rents for tourism industry

Maldives to lower rents for tourism industry

-- 2020-07-21 15:15:32

The Maldives' government will lower rents for lands leased for tourism-related activities in order to boost investment, local media citing Minister of Economic Development Fayyaz Ismail has said. Ism...

EU recovery fund sends shares, euro to four-month highs

EU recovery fund sends shares, euro to four-month highs

REUTERS 2020-07-21 15:08:53

World shares and the euro hit their strongest levels since March on Tuesday after European Union leaders sealed a 750 billion euro ($857 billion) post-pandemic stimulus plan after a marathon five-day...

EU reaches deal on post-pandemic recovery after marathon summit

EU reaches deal on post-pandemic recovery after marathon summit

-- 2020-07-21 10:41:54

European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday after a fractious summit that went through the night and into...

Euro zone current account surplus narrows again

Euro zone current account surplus narrows again

-- 2020-07-20 16:21:27

The current account surplus of the 19 countries sharing the euro narrowed to 7.95 billion euros in May from 14.27 billion euros in April on a big outflow of secondary income, which includes transfers...

EU leaders show first signs of compromise on stimulus plan

EU leaders show first signs of compromise on stimulus plan

REUTERS 2020-07-20 16:11:19

Signs emerged that leaders of northern European Union countries were willing to compromise on a 1.8 trillion euro ($2.0 trillion) coronavirus stimulus plan on Monday as talks in Brussels extended to a...

Asian shares stumble ahead of EU summit, US stimulus talks

Asian shares stumble ahead of EU summit, US stimulus talks

REUTERS 2020-07-20 11:08:31

Asian shares were downbeat on Monday with oil and copper also soft, as a spike in global coronavirus cases hung over markets awaiting efforts from the euro zone and United States to stitch together fi...

Covid-19: EU recovery summit remains deadlocked

Covid-19: EU recovery summit remains deadlocked

REUTERS 2020-07-20 10:05:43

EU leaders stood at an impasse on Monday after three days of haggling over a plan to revive economies throttled by the Covid-19 pandemic, but the chairman of their near-record-length summit urged them...

Brazil's Bolsonaro says coronavirus restrictions kill economy

Brazil's Bolsonaro says coronavirus restrictions kill economy

REUTERS 2020-07-19 13:30:38

Brazilian President Jair Bolsonaro said on Saturday that lockdown measures used to curb the spread of the novel coronavirus “kill” and have “suffocated” the country’s eco...

Public health response remains key priority to protect economic activity: IMF

Public health response remains key priority to protect economic activity: IMF

FE ONLINE DESK 2020-07-19 12:16:32

As countries around the world struggle to strike a balance between lives, jobs and economies amid the continuing impact of the coronavirus pandemic, the International Monetary Fund (IMF)’s Manag...

Call for comprehensive emergency debt relief to combat COVID-19

Call for comprehensive emergency debt relief to combat COVID-19

-- 2020-07-18 19:26:30

Global businesses, workers and civil society organisations have called for comprehensive emergency debt relief to enable all countries in need to combat the COVID-19 pandemic. The G20 finance ministe...

China's economic rebound good news for Southeast Asian nations, says economist

China's economic rebound good news for Southeast Asian nations, says economist

Xinhua 2020-07-18 17:43:47

China's economic growth is likely to benefit Southeast Asian nations as the country commands a "lion's share" of regional exports, CNBC quoted an economist as saying on Thursday. Wellian Wiranto, an...

Asia stocks rebound as hopes of more stimulus offset virus worries

Asia stocks rebound as hopes of more stimulus offset virus worries

REUTERS 2020-07-17 13:38:06

Asian shares eked out gains and US stock futures bounced back on Friday as hopes of more government spending around the globe outweighed concerns about rising coronavirus infections and worsening tens...

UiPath raises $225m Series E Funding Round

UiPath raises $225m Series E Funding Round

FE Online Desk 2020-07-16 18:09:36

The leading Robotic Process Automation (RPA) company, UiPath, announced it has closed its Series E investment round, raising $225 million at a post-money valuation of $10.2 billion. The round was led...

China's GDP expands 3.2pc in second quarter

China's GDP expands 3.2pc in second quarter

Xinhua 2020-07-16 15:44:39

China's gross domestic product (GDP) expanded 3.2 per cent year on year in the second quarter (Q2) of 2020, data from the National Bureau of Statistics (NBS) showed Thursday. In the first half of thi...

IMF chief warns global economy 'not out of the woods'

IMF chief warns global economy 'not out of the woods'

REUTERS 2020-07-16 11:56:36

Global economic activity is picking up after an unprecedented decline this year due to the coronavirus pandemic, but a second major wave of infections could trigger more disruptions, the International...

V-shaped rebound expected in China

V-shaped rebound expected in China

Global Times 2020-07-15 16:33:34

After turning in its first contraction on record in the first quarter amid the epidemic, China's economy is back on a growth track in the second quarter, market estimates collected by the Global Times...

US Fed warns of deep uncertainty amid resurgence in Covid-19 cases

US Fed warns of deep uncertainty amid resurgence in Covid-19 cases

-- 2020-07-15 13:13:06

Amid a recent resurgence in Covid-19 cases, a US Federal Reserve official has warned of "a thick fog of uncertainty," noting that the economic recovery is likely to face headwinds. "The recent resurg...

ADB to hold annual meeting’s 2nd stage virtually in September

ADB to hold annual meeting’s 2nd stage virtually in September

-- 2020-07-14 17:02:42

The Asian Development Bank (ADB) will hold the second stage of its 53rd annual meeting as a virtual event on September 17 to 18. The event will include a formal business session and selected knowledg...

Global small businesses struggle for survival amid pandemic

Global small businesses struggle for survival amid pandemic

-- 2020-07-14 14:48:18

Millions of small businesses around the globe struggle to survive during the Covid-19 pandemic. More than three months had dragged by since the coronavirus forced Chandan Shekhar to shut down his bus...

UK economy begins tepid recovery in May after record slump

UK economy begins tepid recovery in May after record slump

REUTERS 2020-07-14 12:54:54

Britain’s economy took a first step on the long road to recovery from the Covid-19 crisis in May, as activity began to pick up after lockdown restrictions began to ease. Gross domestic product...

Pandemic knocks Singapore into recession with record 41pc GDP plunge

Pandemic knocks Singapore into recession with record 41pc GDP plunge

REUTERS 2020-07-14 12:08:31

Singapore’s economy suffered a record contraction in the second quarter, tipping it into recession and putting the trade-reliant city-state on course for its worst ever slump this year as the co...

Pause, reflect: Five questions for the ECB

Pause, reflect: Five questions for the ECB

REUTERS 2020-07-13 16:04:13

For the first time in months, the European Central Bank has reason to break from crisis-fighting mode — economic activity is picking up after the Covid-19 hit, markets are stable and agreement o...

Global shares near five-month peak as earnings season kicks off

Global shares near five-month peak as earnings season kicks off

REUTERS 2020-07-13 15:24:40

World shares were approaching a five-month peak and the dollar slipped on Monday as investors wagered the earnings season would see most companies beat forecasts given expectations had been lowered by...

Alibaba's Jack Ma sells $8.2 billion worth shares

Alibaba's Jack Ma sells $8.2 billion worth shares

Reuters 2020-07-13 15:15:17

Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8 per cent from 6.2 per cent, cashing out around $8.2 billion at its current share price, the firm...

Mexico loses over 900,000 jobs due to Covid-19 in H1

Mexico loses over 900,000 jobs due to Covid-19 in H1

-- 2020-07-13 12:55:23

Mexico lost 921,583 jobs in the first half (H1) of 2020 largely due to the impact of Covid-19, the Mexican Institute of Social Security (IMSS) reported on Sunday. In June alone, Mexico lost 83,311...

Asian shares extend rally, US earnings to test optimism

Asian shares extend rally, US earnings to test optimism

REUTERS 2020-07-13 10:13:12

Asian shares crept toward five-month peaks on Monday as investors wagered the US earnings season would see most companies beat forecasts given expectations had been lowered so far by coronavirus lockd...

Indian economy's medium-term outlook remains uncertain, says RBI Governor

Indian economy's medium-term outlook remains uncertain, says RBI Governor

-- 2020-07-11 15:07:47

The Indian economy’s medium-term outlook remains uncertain even though the country has started re-opening after over two months of a nationwide lockdown, the central bank governor has said. Acc...

US jobless claims continue to drop last week

US jobless claims continue to drop last week

-- 2020-07-10 13:28:27

The number of initial jobless claims in the United States continued to drop last week, as some states paused or partially reversed reopening efforts amid resurgence in Covid-19 cases. In the week end...

IMF urges 'equity-like' govt support for virus-hit firms

IMF urges 'equity-like' govt support for virus-hit firms

REUTERS 2020-07-10 13:27:19

International Monetary Fund Chief Economist Gita Gopinath urged governments to shift to “equity-like” support from one focused on loans as the coronavirus pandemic inflicts prolonged damag...