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The Financial Express

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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...

Singapore's resident employment posts strong rebound in Q3

Singapore's resident employment posts strong rebound in Q3

-- 2020-12-17 11:46:16

The employment of Singapore's residents, referring to Singapore citizens and permanent residents, rebounded strongly in the third quarter (Q3) of 2020, according to the Labour Market Report released b...

Aramco may have to borrow more to maintain Saudi dividend

Aramco may have to borrow more to maintain Saudi dividend

Reuters 2020-12-17 10:59:05

Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market...

Upstart's shares jump in Nasdaq debut

Upstart's shares jump in Nasdaq debut

-- 2020-12-17 10:48:37

Shares of Upstart Holdings Inc jumped 30 per cent in their market debut on Wednesday, giving the cloud-based artificial intelligence (AI) lending platform a market capitalization of $1.88 billion. Up...

Global stocks rise to record highs on vaccine, US stimulus, Brexit deal hopes

Global stocks rise to record highs on vaccine, US stimulus, Brexit deal hopes

-- 2020-12-16 20:33:34

World stocks rose to record highs on Wednesday as drugmakers rolled out Covid-19 vaccines and US congressional leaders expressed optimism about a stimulus deal, with the upbeat mood dragging the safe-...

Guzman's shifting role: From scoring goals to saving Argentina's economy

Guzman's shifting role: From scoring goals to saving Argentina's economy

-- 2020-12-16 14:06:13

When Martin Guzman was doing a PhD in economics at Brown University in the United States, he and two other Argentine friends formed part of their department’s intramural soccer team and reached...

Pandemic exodus from New York costs about $34b: Study

Pandemic exodus from New York costs about $34b: Study

Reuters 2020-12-16 09:25:24

Millions of people have moved out of New York City during the pandemic, but at the same time, millions of others with lower incomes have taken their place, according to a study released on Tuesday. A...

81 million jobs lost in Asia, Pacific labour markets due to Covid

81 million jobs lost in Asia, Pacific labour markets due to Covid

FE Online Report 2020-12-15 15:52:32

The economic backlash of the coronavirus (Covid-19) pandemic wiped out some 81 million jobs in Asia and the Pacific in 2020, said a report released by the International Labour Organization (ILO). In...

Thailand to boost exports via online trade promotion

Thailand to boost exports via online trade promotion

-- 2020-12-12 12:46:56

Thailand's Ministry of Commerce has unveiled a strategy outline to boost export in 2021 by focusing on online trade promotion activities. "We will arrange an online business match-making every week o...

ADB launches $9b Covid-19 vaccine facility for developing Asia

ADB launches $9b Covid-19 vaccine facility for developing Asia

Reuters 2020-12-11 15:59:22

The ability of developing countries in Asia to fight the coronavirus pandemic got a much-needed boost after the Asian Development Bank said on Friday it has launched a $9 billion facility to help na...

Vaccines hopes boost Asian shares

Vaccines hopes boost Asian shares

FE ONLINE DESK 2020-12-11 11:40:17

Asian shares bounced back on Friday as progress on Covid-19 vaccines boosted investor sentiment, but tricky Brexit negotiations and US stimulus talks capped gains in riskier assets. MSCI’s ex-J...

Banks face post-pandemic four more years of lower profits: Report

Banks face post-pandemic four more years of lower profits: Report

Reuters 2020-12-11 10:23:19

Most banks around the world could face four more years of depressed profits in the aftermath of the Covid-19 pandemic, consulting firm McKinsey & Co said in a report. By 2024 the pandemic will re...

Rights groups call on high-income countries to back TRIPS waiver proposal

Rights groups call on high-income countries to back TRIPS waiver proposal

FE Online Report 2020-12-10 14:15:58

Two prominent global rights groups on Thursday called on the European Union and high-income countries including USA, Canada, Japan, and UK to urgently support the TRIPS corona waiver proposal and ensu...

ADB narrows 2020 GDP growth forecast for developing Asia to 0.4pc

ADB narrows 2020 GDP growth forecast for developing Asia to 0.4pc

-- 2020-12-10 13:01:37

Economic activity in developing Asia is forecast to contract by 0.4 per cent this year before picking up to 6.8 per cent in 2021 as the region moves toward recovery from the effects of the coronavirus...

IMF fund debt freeze for poor countries expected to be extended through 2021

IMF fund debt freeze for poor countries expected to be extended through 2021

Reuters 2020-12-10 10:19:04

International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that she expects an IMF programme that freezes payments on IMF debt from the poorest countries to be extended throu...