Page 9 - Economy

Disconnect between markets, real economy a global phenomenon: Sebi chief

He said the heavy fall in markets, followed by quick gains on the equity benchmarks since the onset of the pandemic is the sharpest V-shaped recovery in the last 30 years

Japanese economy sees recovery at 12.7% from coronavirus pandemic slump

Japan's seasonally adjusted gross domestic product had grown at a dramatic annualized rate of 22.9% in the July-September period

Japan's economy grows more than expected on support from trade, capex

For the full coronavirus-stricken year, Japan's economy contracted 4.8%, marking the first annual fall since 2009

Malaysia's economy posts biggest annual decline since 1998 crisis

The economy contracted 3.4% year-on-year in the October-December period, falling for a third straight quarter and faster than the 3.1% decline forecast in a Reuters poll

Recovery plan can make 2020s Europe's digital decade: von der Leyen

Von der Leyen said the recovery plan will invest in the skills European workers need for the digital transition, will support the creation of a European cloud

China's Jan factory activity expands at slowest pace in 7 mths: Caixin PMI

The slowdown in the manufacturing sector underscores the fragility of the ongoing economic recovery in China, as Beijing grapples with a resurgence of local Covid-19 cases in northern China

Only way out of Covid-19 will be economy that fights inequality: Macron

In conversation with the WEF Founder and Executive Chairman Klaus Schwab, the French President said, "We will get out of this pandemic only with an economy that fights inequality."

Vision 2030: Saudi Crown Prince unveils new five-year economic strategy

According to Mohammed bin Salman, the 2021-2025 strategy will "represent a major pillar in achieving the aspirations of our country and aims to achieve the concept of comprehensive development"

Indonesia to cut foreign ownership curbs to add jobs, lure funds

The list of industries limited to foreign investment has been cut to just 48, from more than 300, according to a draft of the presidential decree.

Japan shares fall on Covid worries, Asia sees rally over Biden inauguration

Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as US president. Japan's benchmark lost early gains as worries grew about the surge in coronavirus cases. Japan's benchmark Nikkei 225 lost early gains to slip 0.4% in morning trading to 28,515.21. Australia's S&P/ASX 200 added 0.6% to 6,783.20, while South Korea's Kospi edged up 0.5% to 3,109.21. Hong Kong's Hang Seng added 0.9% to 29,921.79, while the Shanghai Composite rose nearly 0.4% to 3,579.93. Hopes are growing that Biden's planned stimulus for the American economy as well as measures to curb the pandemic will boost regional markets. While many Asian nations have fared better in the pandemic than European countries and the U.S., worries still run high. Main urban areas in Japan, including Tokyo, are under a state of emergency, with evening dining discouraged. Critics say that's not enough, as deaths related to COVID-19 have been rising. Chinese New Year is less than a month away. With COVID ...

On path to recovery, here's how Covid has changed the world economy forever

Measured by output, the world economy is well on the way to recovery from a slump the likes of which barely any of its 7.7 billion people have seen in their lifetimes

Small yet focused approach makes City Union Bank an interesting bet

High concentration in the south Indian market, particularly the SME belt is working to its advantage

Japan Inc shakes off Covid gloom but resurgence hits capex, hiring: Report

The headline index for big manufacturers' sentiment improved to minus 10 in December from minus 27 in September

Damn lies and the truth

Book review of How to Make the World Add Up: Ten Rules for Thinking Differently About Numbers

Nomura says India would be fastest growing Asian economy in 2021

Nomura has turned positive on India's cyclical outlook for 2021, and believes the country is on the cusp of a cyclical recovery

Philippines economy shrinks in third-quarter, govt says 'worst is over'

GDP grew a seasonally adjusted 8% quarter-on-quarter, after a 14.9% contraction in April-June

Lockdowns a crude tool for nations to fight Covid-19 but they are justified

Without excellent testing and tracing, it takes a very strict lockdown to get numbers falling, whereas achieving explosive growth in cases is very easy

Covid-19 biggest hurdle for New Zealand's Ardern after 'tectonic' election

With net core crown debt forecast at NZ$201 billion ($133 billion), or 55% of gross domestic product by 2024 - up from less than 20% before the pandemic - Ardern's borrowing options are shrinking

Canada's Trudeau announces more funding for coronavirus-hit businesses

The Canadian government has announced a funding of C$600 million to help small- and medium-sized businesses that were affected by the lockdowns

Japan is paying firms to make things at home. But China's pull is strong

The pandemic - and Beijing's increasingly combative behavior during it - has driven home the risks of overreliance on China for the production of a broad range of goods