Page 22 - Global Economy

US labour market gradually healing; weekly jobless claims at 7-month low

The number of Americans filing new unemployment benefits claims fell to a seven-month low last week, but the pace of decline has slowed and further improvement could be limited by a raging pandemic

Covid shock vs global financial crisis

The pandemic is not as bad as the 2008-09 global downturn

World's central banks are now begging govts to power economic rebound

Without aggressive fiscal stimulus now, economies may develop deep scars that hobble growth over the longer term. That could then leave central banks unable to prepare for the next shock or recession

In calls with world leaders, Biden emphasises on a secure Indo-Pacific

US President-elect Joe Biden in phone calls with the leaders of Australia, Japan and South Korea emphasised on maintaining a secure and prosperous Indo-Pacific region

UK tries to reassure business leaders over Brexit with new taskforce

Britain will attempt to reassure business leaders it appreciates need for clarity on rules outside of the EU by setting up a task force to discuss challenges 50 days before the transition period ends

What to expect from Biden Presidency? Economic ties to remain a challenge

Even as US President-elect Biden makes his first moves towards the White House without a concession from incumbent Trump, Harsh Pant assesses the real import of the choice American voters have made.

Global economy to remain in tenuous position in 2021, says Moody's

Social issues will attract further prominence in 2021 in public policies, corporate strategies and investment decisions

Key Japan indicator rises for 4th month in September, outlook index jumps

A key Japanese economic indicator improved for the fourth straight month in September, suggesting relief is at hand for an economy still feeling the drag from the coronavirus pandemic

What's ahead under US President-elect Joe Biden, industry by industry

Here's a breakdown of how a Biden presidency may affect some US industries and what might rise to the top of his agenda as he takes over from Donald Trump in January

Pakistan may return $2 billion Saudi Arabian loan, media report says

Pakistan may return $2 billion loan to Saudi and the cash-strapped country is looking for various options to secure more lending aimed at retaining gross official forex reserves at current level

Mark Mobius says Joe Biden bad for US equities, good for others

Biden's tax increases would reduce the incentive for people to invest in Wall Street stocks, says Mobius

US weekly jobless claims at 751,000 as market recovers at a slowing pace

The number of initial jobless claims in the US totalled 751,000 last week, as the labour market continues to recover at a slowing pace due to the raging Covid-19 pandemic

Toyota profit forecast more than doubles amid China pandemic rebound

Toyota more than doubled its full-year operating profit forecast, as vehicle sales rebound in China from a pandemic squeeze earlier this year that contributed to a 24% slide in second-quarter earnings

Global coronavirus cases top 48.5 million: Johns Hopkins University

The overall number of global coronavirus cases has topped the 48.5-million mark, while the deaths have surged to more than 1231,610, according to the Johns Hopkins University

Japan's household spending, wages slump as Covid-19 pandemic pain lingers

Japan's household spending slumped in September from a year earlier and real wages slid for the seventh straight month, data showed

United Nations summit in December to push action on Covid-19 pandemic

The UN voted to hold a summit on the Covid-19 pandemic on December 3-4 to press for action on the global spread of the coronavirus and its effects on economies, jobs, global trade and travel.

Indonesia sees first recession in over two decades as coronavirus hits

Indonesia fell into recession for the first time in over two decades in the third quarter as the Covid-19 pandemic battered consumption and business activity

President Jinping pledges to import more as Covid-19 shakes global economy

China is set to be the only major economy to grow this year after largely bringing the epidemic under control, following its emergence in the central city of Wuhan last year

India is odd one out in a favourable view of Emerging Asia: Cameron Brandt

With growth in developed markets under pressure from the rising Covid-19 caseload, investors will keep paying more attention to emerging markets, says Brandt

Canada increases immigration targets, says they are key to revive economy

Canada closed its borders to most immigrants in March to try to slow the spread of the coronavirus