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The Financial Express

Search results for: global

Layoffs hit record in 2020 US

Layoffs hit record in 2020 US

REUTERS 2021-01-08 14:35:49

The number of Americans filing first-time claims for jobless benefits unexpectedly dipped last week while staying extremely high, with the labour market recovery appearing to stall as a raging Covid-1...

India's fiscal deficit likely to be over 7.0pc in FY21

India's fiscal deficit likely to be over 7.0pc in FY21

-- 2021-01-07 18:36:22

India’s fiscal deficit for year ending in March is likely to be over 7.0 per cent of gross domestic product, reports Reuters accrediting three sources, as revenue collections suffered from a loc...

US, Japan set for recovery in second half of 2021, IMF chief economist says

US, Japan set for recovery in second half of 2021, IMF chief economist says

Reuters 2021-01-07 16:55:59

Economic stimulus approved in the United States and Japan at the end of last year will help to power a recovery in their economies in the second half of 2021, IMF chief economist Gita Gopinath said on...

Fending off coronavirus, Vietnam revs up economy

Fending off coronavirus, Vietnam revs up economy

Reuters 2021-01-07 16:43:23

Vietnam’s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting funds, foreign investors,...

Around 4,000 financial firms in Britain 'at risk of collapsing'

Around 4,000 financial firms in Britain 'at risk of collapsing'

Reuters 2021-01-07 14:23:47

Around 4,000 financial firms in Britain were at “heightened risk” of collapsing due to fallout from the first wave of the pandemic, the Financial Conduct Authority said on Thursday. The F...

NYSE to delist three Chinese telecoms

NYSE to delist three Chinese telecoms

Reuters 2021-01-07 10:48:18

The New York Stock Exchange said on Wednesday it will delist three Chinese telecom companies, confirming its latest U-turn on the matter a day after US Treasury Secretary Steve Mnuchin told the NYSE c...

PayPal-founded Affirm aims for over $9b valuation in US IPO

PayPal-founded Affirm aims for over $9b valuation in US IPO

-- 2021-01-06 13:57:57

Affirm Holdings Inc, founded by PayPal Holdings Inc co-founder Max Levchin, is aiming for a valuation of over $9 billion in its initial public offering, the lending startup said in a filing on Tuesday...

More countries may be in 'deep debt distress' this year: WB

More countries may be in 'deep debt distress' this year: WB

-- 2021-01-06 12:00:06

Chad and several other countries are already in deep debt distress and more will join their ranks this year, given the severity of the global recession triggered by the Covid-19 pandemic, World Bank G...

Stocks snap eight-day winning streak

Stocks snap eight-day winning streak

FE Online Report 2021-01-05 16:01:21

Stocks ended lower on Tuesday, snapping an eight-session winning streak, as investors opted for booking profit on major sectors issues amid vaccine uncertainty news. DSEX, the key index of the Dhaka...

Asian factories emerging from initial damage of Covid, tougher controls cloud outlook

Asian factories emerging from initial damage of Covid, tougher controls cloud outlook

-- 2021-01-04 11:06:40

Asian factory activity expanded moderately in December thanks to robust demand in regional giant China, business surveys showed on Monday, the latest sign that manufacturers are emerging from the init...

US economic recovery widens inequality

US economic recovery widens inequality

-- 2021-01-02 14:38:23

After plunging into the worst recession in decades amid coronavirus (COVID-19) shutdowns in 2020, the US economy has been recovering in recent months. With alarming case spikes and a long-delayed fis...

New York Stock Exchange to delist three Chinese telecom giants

New York Stock Exchange to delist three Chinese telecom giants

-- 2021-01-01 20:14:04

The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, after US President Donald Trump last month barred US investments in Chinese firms Washin...

African free trade bloc opens for business, but challenges remain

African free trade bloc opens for business, but challenges remain

Reuters 2021-01-01 18:50:14

African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic. But experts view the New Year's Day...

A year for the history books, in charts

A year for the history books, in charts

REUTERS 2021-01-01 13:55:39

The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the Covid-19 shutdowns, and a bungee-cord rebound on hopes fo...

S&P dividend payments to investors rises to $58.28 per share

S&P dividend payments to investors rises to $58.28 per share

-- 2020-12-31 12:33:33

Dividend payments to investors in the S&P 500 rose to a new record in 2020, despite the challenge posed by the coronavirus (Covid-19) pandemic, according to research from S&P Global. Dividend...

India bets on asset sales to partly fund higher spending next year

India bets on asset sales to partly fund higher spending next year

Reuters 2020-12-30 17:37:42

India is likely to spend more next fiscal year than this year’s budgeted $415 billion and prioritise infrastructure projects, relying on asset sales of around $40 billion for some of the funding...

Climate disasters bring catastrophic results for rich, poor nations in 2020

Climate disasters bring catastrophic results for rich, poor nations in 2020

-- 2020-12-29 20:39:21

Disasters fuelled by weather and climate extremes brought “catastrophic results for millions” across rich and poor nations in 2020, causing thousands of deaths and tens of billions of doll...

Asian shares rise as Nikkei hits 30-year high

Asian shares rise as Nikkei hits 30-year high

-- 2020-12-29 11:56:30

Asian shares jumped on Tuesday, with Japanese stocks hitting a 30-year high, as hopes that a long-awaited US pandemic relief package would be expanded and a Brexit trade deal supported investor risk a...

Vietnam posts highest trade surplus in five years

Vietnam posts highest trade surplus in five years

-- 2020-12-28 15:22:05

Vietnam recorded export turnovers of approximately 281.5 billion US dollars in 2020, up 6.5 per cent year-on-year, and import turnovers of over $262.4 billion, up 3.6 per cent, with a trade surplus of...

Vietnam's growth slips to 30-year low

Vietnam's growth slips to 30-year low

Reuters 2020-12-27 22:48:07

Vietnam’s economic growth slowed this year to its weakest in at least three decades, buffeted by the COVID-19 pandemic, natural disasters and a sluggish global economy, government data showed on...

China to overtake US economy by 2028: Think tank

China to overtake US economy by 2028: Think tank

-- 2020-12-26 12:41:34

The Chinese economy is set to overtake the US in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the Covid-19 pandemic, a think tank said...

Millions of Americans lose unemployment benefits as Trump refuses to sign Covid relief bill

Millions of Americans lose unemployment benefits as Trump refuses to sign Covid relief bill

-- 2020-12-26 12:13:09

Millions of Americans saw their jobless benefits expire on Saturday after US President Donald Trump refused to sign into law a $2.3 trillion pandemic aid and spending package, protesting that it did n...

Americans’ charity surges with 20m relying on unemployment benefits

Americans’ charity surges with 20m relying on unemployment benefits

-- 2020-12-25 11:00:16

Hundreds of cars line up before dawn on weekly distribution days for the Forgotten Harvest’s partner food pantries in the metro Detroit area, where visits are up by 50 per cent this year. The n...

Singapore's manufacturing output increases 17.9pc on year in November

Singapore's manufacturing output increases 17.9pc on year in November

-- 2020-12-24 15:49:59

Singapore Economic Development Board (EDB) on Thursday announced that the country's manufacturing output increased 17.9 per cent year on year in November, compared to a revised 0.8 per cent decline in...

Euro, Aussie gain, ignoring Trump's threat to block stimulus

Euro, Aussie gain, ignoring Trump's threat to block stimulus

-- 2020-12-23 22:15:48

The euro rose to $1.22 and the dollar fell on Wednesday as foreign exchange traders looked beyond US President Donald Trump’s threat to block a $892 billion COVID-19 aid package, reports Reuters...

Malaysia launches 10-year plan to restart tourism sector after $25b loss in pandemic

Malaysia launches 10-year plan to restart tourism sector after $25b loss in pandemic

-- 2020-12-23 12:23:41

Malaysia on Wednesday launched a 10-year plan to restart its battered tourism sector, which is estimated to have lost more than 100 billion ringgit ($24.61 billion) this year due to the coronavirus pa...

Trump threatens to veto Covid-19 relief bill

Trump threatens to veto Covid-19 relief bill

-- 2020-12-23 11:44:30

US President Donald Trump has lashed out at lawmakers over the newly approved 900-billion-US-dollar Covid-19 relief package, threatening not to sign the bill if changes are not made to increase the am...

US Congress approves $900 billion Covid-19 relief bill

US Congress approves $900 billion Covid-19 relief bill

-- 2020-12-21 12:08:47

The US Congress has passed another stopgap funding bill to avert a government shutdown and provide lawmakers more time to vote on the Covid-19 relief deal and long-term government funding. The House...

ADB recommends prioritising water security in Covid-19 recovery

ADB recommends prioritising water security in Covid-19 recovery

-- 2020-12-18 17:26:19

Economies of Asia and the Pacific must put water security at the top of their agenda to recover from the fallout of the coronavirus pandemic and adapt to climate change, according to a new flagship re...

India invites Bangladesh to join BRICS Bank

India invites Bangladesh to join BRICS Bank

-- 2020-12-17 15:26:03

Indian Prime Minister Narendra Modi has invited Bangladesh to join the New Development Bank or BRICS Bank, a multilateral institution which mobilises resources for infrastructure and sustainable devel...