Loading...
The Financial Express

Search results for: global

China's trust industry reports higher revenue growth in Q1

China's trust industry reports higher revenue growth in Q1

-- 2020-06-13 12:03:29

The revenue of China's trust industry maintained rapid growth while its scale continued to fall during the first quarter of the year, according to a report from the China Trustee Association. The cou...

Japan's economy is bottoming out: Finance minister

Japan's economy is bottoming out: Finance minister

REUTERS 2020-06-12 15:14:57

Japan’s economy appears to have hit bottom and is eyeing a recovery from the damage caused by the coronavirus pandemic, its finance minister said, underscoring cautious optimism spreading among...

A month into reopening, no clear turn for US economy or pandemic

A month into reopening, no clear turn for US economy or pandemic

REUTERS 2020-06-12 13:55:19

A month into efforts to broadly reopen the US economy there is little clarity either on the pace and durability of the recovery, or on the ability to convincingly suppress the virus that has killed mo...

Federal Reserve keeps interest rates near zero

Federal Reserve keeps interest rates near zero

-- 2020-06-11 14:10:44

The US Federal Reserve has kept its benchmark interest rate unchanged at the record-low level of near zero amid mounting fallout from the COVID-19-induced recession. The Fed on Wednesday kept the pro...

Global economic activity likely to fall by 6.0pc this year

Global economic activity likely to fall by 6.0pc this year

FE ONLINE DESK 2020-06-10 17:12:39

Global economic activity is expected to fall by 6.0 per cent in 2020 due to COVID-19 pandemic, according to Organisation for Economic Co-operation and Development (OECD). "Unemployment rate in OECD c...

Vietnam's unemployment rate stands at 2.05pc in 2019

Vietnam's unemployment rate stands at 2.05pc in 2019

-- 2020-06-10 16:20:21

Vietnam's unemployment rate among those aged 15 and above stood at 2.05 per cent in 2019, with the figure in its urban areas almost double that of rural areas, the country's 2019 population and housin...

Post-pandemic recovery: ADB forms high-level panel for S Asia

Post-pandemic recovery: ADB forms high-level panel for S Asia

FE ONLINE REPORT 2020-06-10 12:44:33

The Asian Development Bank (ADB) has formed a high-level panel comprising leading experts to tap into quick bounce back of the Southeast Asian economies after the coronavirus pandemic. ADB President...

Chinese companies put US listing plans on ice as tensions mount

Chinese companies put US listing plans on ice as tensions mount

Reuters 2020-06-10 11:17:29

Chinese companies are putting off plans for US listings as tensions between the world’s top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major cap...

IMF chief urges countries to guard against retreat from globalisation

IMF chief urges countries to guard against retreat from globalisation

-- 2020-06-10 11:14:22

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has urged countries to recognise the importance of global trade amid the COVID-19 pandemic and guard against a "dramatic retrea...

It's official: US economy entered recession in February

It's official: US economy entered recession in February

REUTERS 2020-06-09 14:44:39

The US economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group that acts as the arbiter for deter...

COVID-19 to shrink 2020 global output by 5.2pc: WB

COVID-19 to shrink 2020 global output by 5.2pc: WB

-- 2020-06-09 10:43:21

The coronavirus will cause global economic output to contract by 5.2 per cent in 2020, the World Bank said on Monday. The global lender also warned that its latest forecasts would be revised downward...

‘Renewable power generation keeps getting cheaper’

‘Renewable power generation keeps getting cheaper’

FE ONLINE REPORT 2020-06-08 23:38:30

Renewable power generation increasingly costs less than the cheapest fossil fuel-based power generation options, according to a new report published by the International Renewable Energy Agency (IRENA...

Indonesia's forex reserves soar to $130.5b in May

Indonesia's forex reserves soar to $130.5b in May

-- 2020-06-08 16:18:00

The Indonesian central bank's foreign exchange reserves (forex) drifted up further in May as relatively stable rupiah led the lender to carry out less intervention in the financial market amid huge ca...

Japan braces for worst postwar economic slump

Japan braces for worst postwar economic slump

REUTERS 2020-06-08 11:57:17

Japan’s economy braced for its worst postwar slump even as first-quarter GDP contracted less than initially thought, as the cornonavirus crisis slams the brakes on global growth and raises press...

G20 pledges more than $21b to fight coronavirus

G20 pledges more than $21b to fight coronavirus

-- 2020-06-06 16:19:28

The Group of 20 rich and emerging economies has pledged more than 21 billion US dollars to fight the coronavirus (COVID-19), the group said early on Saturday.  “The G20, with invited count...

Cambodia likely to lose $3b in tourism revenue in 2020

Cambodia likely to lose $3b in tourism revenue in 2020

-- 2020-06-06 13:47:34

Cambodia may lose about 3.0 billion US dollars in tourism revenue in 2020 as foreign tourists to the kingdom dropped sharply due to the impact of the COVID-19, said Tourism Minister Thong Khon. Touri...

US labour market sees surprise improvement in May

US labour market sees surprise improvement in May

-- 2020-06-05 21:20:28

The US labour market improved unexpectedly in May raising hopes that economic damage tied to the pandemic will be less harmful than feared. The unemployment rate fell to 13.3 per cent, down from 14.7...

Singapore's retail sales fall sharply in April

Singapore's retail sales fall sharply in April

-- 2020-06-05 16:19:28

Singapore's retail sales decreased by 40.5 per cent year on year this April, compared to the 13.3 per cent decrease in the previous month, said the Department of Statistics (DOS) of Singapore on Frida...

Asian stocks set for best weekly gain in nine years

Asian stocks set for best weekly gain in nine years

REUTERS 2020-06-05 13:42:03

Asian stocks extended gains on Friday and were poised for their biggest weekly rise since 2011 while the euro hit a 1-1/2 month high as Europe’s central bank surprised with more stimulus, fuelli...

Indian consumer confidence at historic low: RBI

Indian consumer confidence at historic low: RBI

-- 2020-06-05 12:26:12

Indian consumers are facing double whammy with their confidence in May touching historic low of 63.7 per cent from 85.6 per cent in March, along with expectations of retail inflation accelerating in t...

Vietnam garment export value falls 14.5pc in five months

Vietnam garment export value falls 14.5pc in five months

-- 2020-06-04 12:16:21

Vietnam's total textile and garment export value in the first five months of this year declined by 14.5 per cent year-on-year to over 10.4 billion US dollars, according to the country's General Statis...

COVID-19 may cost global economy $82t in five years

COVID-19 may cost global economy $82t in five years

-- 2020-06-03 19:33:32

The global economy could take a hit of some $82 trillion in a worst case scenario from the coronavirus over the next five years, according to recent findings by University of Cambridge. The Centre fo...

Virus brings Asia's online lending sector to juddering halt

Virus brings Asia's online lending sector to juddering halt

Reuters 2020-06-03 11:19:41

The spring started out rosy for the Indian arm of ClearScore, a company that offers online credit scores and loans. Within weeks, the coronavirus pandemic had taken hold, drastically changing the pic...

Zoom nearly doubles revenue forecast on remote-work boost

Zoom nearly doubles revenue forecast on remote-work boost

Reuters 2020-06-03 10:15:44

Zoom Video Communications nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockd...

UNCTAD appoints Dona Bertarelli as special adviser for blue economy

UNCTAD appoints Dona Bertarelli as special adviser for blue economy

FE ONLINE DESK 2020-06-02 22:26:37

The United Nations Conference on Trade and Development (UNCTAD) has appointed Dona Bertarelli, an ocean conservation advocate, as its special adviser for blue economy. Dona Bertarelli, a Swiss philan...

Vietnam's new enterprises fall 10.5pc y/y in five months

Vietnam's new enterprises fall 10.5pc y/y in five months

-- 2020-06-02 16:19:08

A total of 48,300 enterprises with a total registered capital of 557.9 trillion Vietnamese dong (nearly 24.3 billion US dollars) were set up in Vietnam in the first five months of this year, down 10.5...

COVID-19 impact and the world economy in eight charts by RAPID

COVID-19 impact and the world economy in eight charts by RAPID

M ABU EUSUF and JILLUR RAHMAN 2020-06-02 13:38:51

The first case of COVID-19 (Coronavirus) was reported in Wuhan, China, in late December 2019. As of 31 May, 2020, over 6.2 million COVID cases were reported in over 200 countries and territories aroun...

Moody's cuts India's rating to lowest investment grade

Moody's cuts India's rating to lowest investment grade

REUTERS 2020-06-02 09:59:00

Moody’s Investors Service downgraded India’s credit rating to a notch above junk on Monday, citing a prolonged period of slow growth in Asia’s third-largest economy, rising debt and...

Australia's stalled migrant boom derails golden economic run

Australia's stalled migrant boom derails golden economic run

REUTERS 2020-06-01 14:02:26

Australia’s three decades of uninterrupted prosperity are coming to an abrupt end as the global coronavirus pandemic crashes one of its most lucrative sources of income – immigration. The...

Asia stocks reach three-month peaks, resilient to US riots

Asia stocks reach three-month peaks, resilient to US riots

REUTERS 2020-06-01 12:18:04

Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in US cities and unease over Washington's power struggle with Beijing. There wa...