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The Financial Express

Search results for: global

Japan factory output growth slows in Feb

-- March 31, 2020 14:17:51

Japan’s industrial output rose in February at a slower pace than the previous month and factories expect production to plunge in March, adding to growing signs the coronavirus pandemic is taki...

Pandemic to hit growth in Asia, China: World Bank

Reuters March 31, 2020 10:21:37

The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update on Monday. The bank said p...

Australia to spend $80b subsidy to protect jobs

-- March 30, 2020 16:13:13

Australia will spend A$130 billion (64.5 billion pounds) to subsidise the wages of an estimated 6 million people, marking a third tranche of stimulus designed to limit the fallout of the coronavirus p...

China unexpectedly cuts reverse repo rate by most in five years

REUTERS March 30, 2020 15:41:27

China's central bank unexpectedly cut the rate on reverse repurchase agreements by 20 basis points on Monday, the largest in nearly five years, as authorities stepped up measures to relieve pressure o...

Coronavirus: Greece pumps more financial aid in economy

-- March 30, 2020 15:40:40

Greece announced new tax breaks and economic assistance to thousands of businesses and workers on Monday to buffer its economy from a national lockdown triggered by the coronavirus pandemic. Greece&r...

US markets not out of woods despite big rally, investors fear

REUTERS March 29, 2020 14:34:39

After a brutal meltdown, some investors have been wading back into US stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict. High-...

World has entered recession: IMF

-- March 28, 2020 01:05:34

International Monetary Fund Managing Director Kristalina Georgieva in Washington, DC on Friday said "it is clear" that world has "entered a recession as bad or worse" than the global financial cr...

India cuts repo rate to decade-low 4.4pc

-- March 27, 2020 17:58:03

India’s central bank has slashed its key interest rate by a sizable 75 basis points to 4.4 per cent from 5.15 per cent to ease financing troubles caused by the coronavirus outbreak and help revi...

Bruised Indian economy to be battered further by coronavirus: Poll

REUTERS March 27, 2020 12:52:46

India’s already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll...

US Q4 GDP unrevised at 2.1pc in final estimate

-- March 27, 2020 12:26:06

US gross domestic product (GDP) increased at an annual rate of 2.1 per cent in the fourth quarter (Q4) in the third or final estimate, unrevised from previous estimates, the US Commerce Department rep...

G20 to inject $5t into global economy in virus fight

REUTERS March 27, 2020 09:41:20

Leaders of the Group of 20 major economies pledged on Thursday to inject over $5.0 trillion into the global economy to limit job and income losses from the coronavirus and “do whatever it takes...

Coronavirus crisis could destroy far more than 25m jobs: ILO

-- March 26, 2020 22:04:14

The number of jobs lost around the world due to the coronavirus crisis could be "far higher" than the 25 million the International Labour Organization (ILO) estimated just a week ago, a senior ILO off...

Saudi King seeks coordinated action over coronavirus outbreak

-- March 26, 2020 20:47:22

Saudi Arabia’s King Salman bin Abdulaziz has urged the G20 leaders to boost funding for a coronavirus vaccine, resume the normal flow of goods and services as soon as possible, and help developi...

US weekly jobless claims surge to record 3.28 million

-- March 26, 2020 19:48:10

The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudde...

Singapore signals deep recession for world as virus batters economy

REUTERS March 26, 2020 12:51:19

Singapore said on Thursday it was planning for a deep recession due to the coronavirus pandemic as its economy suffered the worst contraction in a decade in the first quarter, reinforcing fears global...

UK inflation falls off six-month high

-- March 25, 2020 15:00:15

British consumer price inflation slipped back in February from a six-month high it had reached the month before, reflecting a drop in the cost of fuel and video games that predated the massive current...

Global economy to contract 1.5pc in 2020 amid outbreak: IIF

-- March 24, 2020 11:25:03

The global economy is expected to contract 1.5 per cent in 2020 amid the ongoing COVID-19 outbreak, according to the forecast released by the Institute of International Finance (IIF) on Monday. The I...

Italy coronavirus deaths jump by almost 800, govt shuts most workplaces

-- March 22, 2020 11:38:57

Italy recorded a jump in deaths from coronavirus of almost 800 on Saturday, taking the toll in the world’s hardest-hit country to almost 5,000. In its latest desperate effort to halt the epidem...

Global recession a near certainty owing to COVID19, UN predicts

-- March 20, 2020 17:20:14

A global recession – perhaps of record dimensions – is a near certainty due to the COVID19 pandemic, said UN Secretary-General Antonio Guterres. “Our economic response must focus on...

Asia shares rally after rout; US, European futures higher

REUTERS March 20, 2020 15:28:29

Asian shares made a partial comeback from a global rout on Friday but still nursed massive losses for the week, while bonds rallied and oil extended its gains. European shares were set for similar ga...

Trump cancels G7 at Camp David over coronavirus

REUTERS March 20, 2020 12:29:40

President Donald Trump will cancel an in-person meeting of G7 leaders at Camp David in June because of the coronavirus and will hold a video-conference instead, the White House said on Thursday. The...

25m jobs could be lost worldwide due to pandemic: ILO

FE Online Report March 19, 2020 12:39:08

The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, a new assessment by the International Labour Organization (ILO) said on Thursda...

Asian stocks fall after historic Wall Street rout

REUTERS March 17, 2020 10:36:18

Most Asian shares fell on Tuesday a day after Wall Street’s historic market rout, with fleeting initial gains evaporating as the coronavirus remained a major risk to economic growth. MSCI's bro...

Global central banks take sweeping action to fight coronavirus

REUTERS March 16, 2020 14:15:14

The US Federal Reserve and its global counterparts moved aggressively with sweeping emergency rate cuts and offers of cheap dollars in a bid to combat the coronavirus pandemic that has roiled markets...

Q3 results of Oracle disclosed

FE Online Desk March 16, 2020 13:10:35

Oracle Corporation (NYSE: ORCL) on Sunday announced fiscal 2020 Q3 results. Total Revenues were $9.8 billion, up 2% in USD and 3% in constant currency compared to Q3 last year. Cloud Services and Lice...

Gas blast kills 15, destroys several buildings in Nigeria

Reuters March 16, 2020 11:28:48

An explosion at a gas processing plant on Sunday killed at least 15 people and destroyed about 50 buildings after a fire broke out in a suburb of Lagos, Nigeria’s commercial capital, emergency s...

Germany to introduce border controls as coronavirus cases jump

-- March 16, 2020 11:21:13

Germany will temporarily introduce border controls on its frontiers with Austria, Switzerland, France, Luxembourg and Denmark from Monday, the government said on Sunday as the country seeks to curb a...

US summons Chinese envoy over Beijing’s coronavirus comments

-- March 14, 2020 15:21:05

The US State Department summoned the Chinese ambassador to the United States on Friday to protest against comments by Beijing suggesting the US military might have brought the coronavirus to Wuhan, as...

US House passes coronavirus aid bill

-- March 14, 2020 15:06:14

The US House of Representatives overwhelmingly passed a coronavirus aid package early on Saturday that would provide free testing and paid sick leave, in a bid to limit the economic damage from a pand...

South Korea reports 107 new coronavirus cases, total 8,086

-- March 14, 2020 11:48:37

South Korea reported more recoveries from the coronavirus than new infections on Saturday for the second day in a row, as a downward trend in daily cases raised hopes that Asia’s biggest epidemi...