Page 15 - Global Economy
Iron ore prices surge as global economy rebounds, Covid-19 pandemic recedes
The rebound in the global economy as the Covid-19 pandemic recedes has sent rust on a wild ride. Prices for futures in Singapore have nearly doubled in the past six months to a record high of $226.55,
Iron ore prices surge as global economy rebounds, Covid-19 pandemic recedes
The rebound in the global economy as the Covid-19 pandemic recedes has sent rust on a wild ride. Prices for futures in Singapore have nearly doubled in the past six months to a record high of $226.55,
 "Iron ore prices surge as global economy rebounds, Covid-19 pandemic recedes")
Inflation debate hits emerging markets as Pimco backs economic rebound
Heavyweights including Brazil, China and India will report inflation data this week against a backdrop of quickening growth that's being fueled by months of easy money and fiscal largess
 "Inflation debate hits emerging markets as Pimco backs economic rebound")
Pakistan to spend 'bare minimum' $6 billion to boost economic growth
The government's GDP target for next year is a percentage point higher than the IMF's 4% projection, and FM Tarin is seeking to boost growth to 6% in the year after
 "Pakistan to spend 'bare minimum' $6 billion to boost economic growth")
Bank of England sees faster economic rebound, slows its bond buying
The BoE raised its forecast for British economic growth in 2021 to 7.25% from February's estimate of 5.0%
 "Bank of England sees faster economic rebound, slows its bond buying")
China suspends economic dialogue with Australia as relations curdle
The Australian dollar fell sharply on the news and was as low as 0.7701 to the U.S. dollar from Wednesday's $0.7747
 "China suspends economic dialogue with Australia as relations curdle")
UAE economy shrank 6.1% last year amid Covid-19 crisis: preliminary data
The United Arab Emirates' economy shrank 6.1% last year, the country's statistics centre said on Sunday citing preliminary data, as the coronavirus crisis hit several key sectors
 "UAE economy shrank 6.1% last year amid Covid-19 crisis: preliminary data")
Unemployment is falling in rich countries, but not every job is coming back
The pandemic has pushed out older employees and is deepening inequality as lower income workers feel the brunt of the crisis
 "Unemployment is falling in rich countries, but not every job is coming back")
US economy accelerated at a robust 6.4% rate last quarter on stimulus
US economy grew at a brisk 6.4 per cent annual rate last quarter a show of strength fuelled by government aid and declining viral cases that could drive further gains
 "US economy accelerated at a robust 6.4% rate last quarter on stimulus")
UK economy set to grow faster than the US this year: Goldman Sachs
Britain looks set to see faster economic growth than the United States this year as the country races ahead with its vaccination programme after its slump in 2020, Goldman Sachs said on Sunday
 "UK economy set to grow faster than the US this year: Goldman Sachs")
Best of BS Opinion: Cyber attacks, changing global economies, and more
Here are the best of Business Standard's opinion pieces for Saturday
 "Best of BS Opinion: Cyber attacks, changing global economies, and more")
Joe Biden eyes tax rate as high as 43.4% in upcoming economic plan
The White House plans to propose almost doubling the capital gains tax rate for those earning $1 million or more, to 39.6%
 "Joe Biden eyes tax rate as high as 43.4% in upcoming economic plan")
Climate change could cut world economy by $23 Trn in 2050: Swiss Re warns
Poor nations would be particularly hard hit, but few would escape, Swiss Re said. The findings could influence how the industry prices insurance and invests its mammoth portfolios
 "Climate change could cut world economy by $23 Trn in 2050: Swiss Re warns")
Recession risk looms as Japan eyes state of emergency to contain pandemic
A renewed state of emergency would also cast doubt on whether Tokyo can host the Olympics in July, despite Prime Minister Yoshihide Suga's assurances it will proceed as planned
 "Recession risk looms as Japan eyes state of emergency to contain pandemic")
Central banks to pour money into major economies despite sharp rebound
The outlook suggests officials still want to guarantee the recovery from last year's coronavirus recession by maintaining ultra-low borrowing costs and asset-buying programs
 "Central banks to pour money into major economies despite sharp rebound")
Best of BS Opinion: Beyond the Jal Shakti Abhiyan, vaccine supply, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Beyond the Jal Shakti Abhiyan, vaccine supply, and more")
Saudi Arabia's latest economic plan comes with big risks, can hit finances
The idea is that their expenditure on new infrastructure and technology will be big enough to accelerate the country's growth and cause a jobs boom
 "Saudi Arabia's latest economic plan comes with big risks, can hit finances")
Economic outlook for the second wave
There is a case for Indian policy makers to remove trade barriers to fuel India's ability to grow on the back of export demand
 "Economic outlook for the second wave")
Covid-19 will leave deep scars in world economy even after recovery
Legacies of stunted education, destruction of jobs, war-era levels of debt and widening inequalities will cost poorest nations most.
 "Covid-19 will leave deep scars in world economy even after recovery")
India can be key player in global supply chain, says Indra Nooyi
But India has to carefully "think through" what its place would be: Nooyi
 "India can be key player in global supply chain, says Indra Nooyi")
