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The Financial Express

Search results for: global

Coronavirus crushes Asia’s garment industry

Coronavirus crushes Asia’s garment industry

REUTERS 2020-05-19 17:59:00

Zarchi Lwin pawned her only two gold bangles for $140 when the owner of the Myanmar factory where she sewed winter coats for British retailer Next Plc shut it down after orders dried up due to the cor...

Nasdaq to tighten listing rules, restricting Chinese IPOs

Nasdaq to tighten listing rules, restricting Chinese IPOs

REUTERS 2020-05-19 14:35:42

America’s Nasdaq is set to unveil new restrictions on initial public offerings (IPOs), a move that will make it harder for some Chinese companies to debut on its stock exchange, people familiar...

Hospitals in Brazil’s largest city ‘near collapse’

Hospitals in Brazil’s largest city ‘near collapse’

-- 2020-05-18 15:43:57

The mayor of Brazil's largest city, São Paulo, has said its health system could collapse as demand grows for emergency beds to deal with coronavirus cases. Bruno Covas said the city's public h...

COVID-19 threatens to derail retail boom for Indian lenders

COVID-19 threatens to derail retail boom for Indian lenders

Reuters 2020-05-18 11:40:46

Indian lenders are facing a jump in defaults on credit card dues, personal and vehicle loans due to the coronavirus, forcing them to set aside hundreds of millions of dollars and take steps like askin...

Japan slips into recession as pandemic wreaks havoc

Japan slips into recession as pandemic wreaks havoc

-- 2020-05-18 10:27:20

Japan’s economy slipped into recession for the first time in 4-1/2 years, putting the nation on course for its deepest postwar slump as the coronavirus crisis ravages businesses and consumers....

South Asian economies may lose up to $218 billion

South Asian economies may lose up to $218 billion

FE Report 2020-05-16 09:50:01

The South Asian countries, including Bangladesh, might lose US$142 billion to $218 billion due to impact of the deadly Coronavirus pandemic on their economies, the Asian Development Bank (ADB) said on...

COVID-19 could cost global economy $8.8t: ADB

COVID-19 could cost global economy $8.8t: ADB

-- 2020-05-15 16:05:05

The coronavirus pandemic could cost the global economy between $5.8 trillion and $8.8 trillion (£4.7 trillion-£7.1 trillion), according to Asian Development Bank (ADB). That's more than d...

Near-term US economic outlook darkens

Near-term US economic outlook darkens

Reuters 2020-05-15 15:50:17

An already-dismal near-term US economic outlook has darkened further in the latest Reuters poll of economists, and while a recovery is still forecast for the second half, the economy won’t come...

Want a fast recovery? Invest in tests, Fed's Kaplan says

Want a fast recovery? Invest in tests, Fed's Kaplan says

REUTERS 2020-05-15 13:11:16

Even with tens of millions of jobs lost and a historic decline in output projected this quarter, the US economy could still pull off a relatively quick recovery, Dallas Federal Reserve President Rober...

World stocks drop for third day as recovery hopes falter

World stocks drop for third day as recovery hopes falter

REUTERS 2020-05-14 15:38:31

World stock markets fell for a third day running on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away. The head of the Federal Reserve quashe...

Vivo in the top five smartphone brands

Vivo in the top five smartphone brands

FE Online Desk 2020-05-14 15:10:09

As COVID-19 has hit the world economy, the sales of many business organizations have been decreased and plenty of companies have stopped production. Though global smartphone sales fell down, the Chin...

Global economy to shrink by 3.2pc: UN report

Global economy to shrink by 3.2pc: UN report

UNB 2020-05-14 11:23:22

The world economy has been projected to shrink by 3.2 per cent wiping out nearly four years of output gains as economic activities around the world comes to grinding halt against the backdrop of the...

Multi-cloud platforms offer key new data capabilities and differentiation

Multi-cloud platforms offer key new data capabilities and differentiation

FE Online Desk 2020-05-13 15:46:53

A new study from Forrester Consulting, commissioned by Oracle*, emphasises the essential role of multi-hybrid cloud platforms to collate the mass of information that enables analysis of insights and...

UK GDP shrinks by record 5.8 pc in March, harder COVID hit ahead

UK GDP shrinks by record 5.8 pc in March, harder COVID hit ahead

-- 2020-05-13 15:41:03

Britain’s economy shrank by a record 5.8 per cent in March as the coronavirus crisis escalated and the government shut down much of the country, according to official data that point towards an...

India's Modi announces $266 billion coronavirus package

India's Modi announces $266 billion coronavirus package

Reuters 2020-05-13 11:03:53

Indian Prime Minister Narendra Modi said on Tuesday that the government would provide 20 trillion rupees ($266 billion) in fiscal and monetary measures to support an economy battered by a sweeping...

Malaysia's industrial output index in March falls 4.9 pc

Malaysia's industrial output index in March falls 4.9 pc

-- 2020-05-12 15:32:43

Malaysia's Industrial Production Index (IPI) decreased 4.9 per cent year on year in March, as all sectors registered negative growths, official data showed Tuesday. According to Malaysian Statistics...

Global stocks rise as more economies emerge from lockdown

Global stocks rise as more economies emerge from lockdown

REUTERS 2020-05-11 14:08:59

Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick-up in new coronavirus cases. Europea...

For central banks, hope for precision fades amid pandemic uncertainty

For central banks, hope for precision fades amid pandemic uncertainty

REUTERS 2020-05-11 11:32:58

Central bankers who have spent a generation researching how their words influence the economy and honing the craft of “forward guidance” are now effectively tongue-tied by a health crisis...

Vietnam's growth to slow to 2.7pc this year: IMF

Vietnam's growth to slow to 2.7pc this year: IMF

Reuters 2020-05-11 11:19:13

Vietnam’s economic growth is seen slowing down to 2.7 per cent this year due to the coronavirus pandemic, but may pick up to 7.0per cent next year, the International Monetary Fund (IMF) has said...

IMF's Georgieva downbeat on global economic forecast

IMF's Georgieva downbeat on global economic forecast

REUTERS 2020-05-09 10:00:38

The head of the International Monetary Fund on Friday signaled a possible downward revision of global economic forecasts, and warned the United States and China against rekindling a trade war that cou...

Top US, China trade officials agree to strengthen cooperation

Top US, China trade officials agree to strengthen cooperation

-- 2020-05-08 15:56:54

Top US and Chinese trade representatives discussed their Phase 1 trade deal on Friday with China saying they agreed to improve the atmosphere for its implementation and the United States saying both s...

India may see 0pc growth this fiscal year: Moody's

India may see 0pc growth this fiscal year: Moody's

REUTERS 2020-05-08 15:45:41

The impact of the coronavirus outbreak will exacerbate the material slowdown in India’s economic growth, with the country expected to see 0 per cent expansion in the current fiscal year, analy...

Bank of England sees worst slump in 300 years

Bank of England sees worst slump in 300 years

REUTERS 2020-05-07 15:10:55

The Bank of England held off from further stimulus measures on Thursday but said it was ready to take more action to counter the country’s biggest economic slump in over 300 years, caused by the...

Philippine economy falls for first time in 22 years

Philippine economy falls for first time in 22 years

-- 2020-05-07 14:16:21

The Philippines' gross domestic product (GDP) declined by 0.2 per cent in the first quarter of 2020, the first contraction since the fourth quarter of 1998, according to the Philippine Statistics Auth...

China April exports rise 3.5pc year-on-year

China April exports rise 3.5pc year-on-year

Reuters 2020-05-07 09:54:59

China’s exports rose 3.5 per cent in April from a year earlier, confounding market expectations for a sharp fall, as factories restarted production after the coronavirus pandemic, customs data s...

Vivo topples Samsung in India

Vivo topples Samsung in India

FE Online Desk 2020-05-05 22:28:02

Vivo has overtaken Samsung in smartphone sales. Vivo has achieved this milestone in the Indian market in the first three months of this year despite the impact of the coronavirus situation. Internati...

Indonesia's Q1 GDP growth hits 19-year low

Indonesia's Q1 GDP growth hits 19-year low

-- 2020-05-05 11:42:18

Indonesia’s economic growth in the first quarter (Q1) slowed significantly more than expected to the weakest in nearly two decades, as the coronavirus pandemic brought business activity to a...

Philippine inflation eases to 2.2pc in April

Philippine inflation eases to 2.2pc in April

-- 2020-05-05 11:10:53

The Philippines' headline inflation further slowed down to 2.2 per cent in April 2020, from 2.5 per cent in March 2020, the Philippine Statistics Authority (PSA) said on Tuesday. "This brings the yea...

ECB survey sees relatively benign recession

ECB survey sees relatively benign recession

REUTERS 2020-05-04 15:40:53

The euro zone economy will contract less than many of the more pessimistic projections suggest but the recovery may be slow and gradual, the European Central Bank’s Survey of Professional Foreca...

Pandemic slams Asia’s factories, activity hits financial-crisis lows

Pandemic slams Asia’s factories, activity hits financial-crisis lows

-- 2020-05-04 11:42:56

Asia’s factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus outbreak froze g...