Page 6 - Economy

Explainer: Turkey's currency Lira is crashing. What's the impact?

Turkish Lira has been plunging to all-time lows against the US dollar and the euro

Worst case scenario: Economists analyse how omicron will impact recovery

The omicron variant is dealing a blow to optimistic hopes that the world economy would enter 2022 on a firmer footing

Japan October retail sales rise 0.9%, for the first time in 3 months

Japan's retail sales rose for the first time in three months in October, though less than expected

Japan PM urges companies to raise wages as business sheds Covid impact

Japanese Prime Minister Fumio Kishida on Friday urged companies whose earnings have recovered to pre-pandemic levels to raise wages by 3% or more

In Japan, a weaker yen may not be the blessing it once was

TOKYO (Reuters) - A weak yen, once seen as favourable for Japan's exports-focused economy, has now become a pain point as it eats into household finances and confounds policymakers.

Is a drop in India's fertility rate bad news for the economy?

Govt data reveal that India's fertility rate is declining. It is now lower than replacement levels -- implying a population decrease in the years to come. Will it hurt the economy in the long run?

Recovery tracker: Higher freight numbers, workplace visits on the rise

Power generation has also continued to move higher after Diwali

Japan Cabinet OKs record stimulus package to fix economy

Japan's Cabinet approved on Friday a record 56 trillion yen ($490 billion) stimulus package, including cash handouts and aid to ailing businesses, to help the economy.

What does Japan's record $490 billion stimulus package look like?

The 56 trillion yen ($490 billion) package, the first to be compiled by Prime Minister Fumio Kishida, will reflect the premier's focus on distributing more wealth to households.

Tamil Nadu can achieve $1 trillion economy, says state finance minister

For this the state will have to grow 13% a year for the next ten years

Japan's stimulus package spending to hit record $488 bn due to Covid blow

Japan's new stimulus package will include record spending of about $488 billion due to huge payouts to cushion the economic blow from the COVID-19 pandemic

Pakistan's rupee falls to record low after delay in IMF deal

The rupee weakened 0.9 per cent to close at 175.73 a dollar Friday, according to State Bank of Pakistan data

Japan cuts economic view after key indicator falls to lowest in a year

The government on Monday lowered its assessment of the index to "weakening" from "improving" in its first downgrade since August 2019

We'll never know whether demonetisation was a disaster or a boon

In the end, it's clear that the note ban decision threw up only two clear winners: politically, the BJP and commercially, the digital economy

Inflation in Pakistan will continue to rise for next 6 months: Report

Inflation in Pakistan is on the rise and it has triggered countrywide protests by the opposition and people

China's economic growth weakens amid construction slowdown

China's economic growth sank in the latest quarter a a slowdown in construction and curbs on energy use weighed on its recovery from the coronavirus pandemic. The world's second-largest economy grew by 4.9% over a year ago in the three months ending in September, down from the previous quarter's 7.9%, government data showed Monday. Factory production, retail sales and investment in construction and other fixed assets all weakened. Construction, an industry that supports millions of jobs, has slowed since regulators tightened control last year over borrowing by developers. One of the biggest, Evergrande Group, is struggling to avoid defaulting on billions of dollars owed to bondholders. That has fuelled fears about the health of other developers, though economists say the threat to global financial markets is small. Manufacturing also was hampered in September by power cuts imposed by some major provinces to avoid exceeding official efficiency goals. Private sector forecasters hav

Is India looking at a V or W-shaped economic recovery in FY22?

If one looks at year-on-year growth, the recovery is V-shaped after the first quarter because of 20 per cent economic expansion

Credit to retail, industry accelerates in August, slows in services sector

Loans for farming and allied activities continued to perform well, up 11.3% this August from 4.8% a year ago

Mayawati slams BJP govt in UP, says people suffering due to unemployment

Bahujan Samaj Party (BSP) supremo Mayawati on Sunday has slammed the Uttar Pradesh government and said the people are suffering due to increasing poverty, unemployment and inflation.

Covid may push India growth model from consumption driven to investment-led

The Covid-19 pandemic could act as an inflection point to shift India's growth model from being consumption driven to investments-led.