According to the latest news, Singapore posted its strongest economic growth in 11 years in the second quarter of 2021. As we know, the Southeast Asian country witnessed its worst economic decline a year ago due to the coronavirus pandemic. Estimates by the Ministry of Trade and Industry show that the country’s economy increased by …
Singapore saw strongest economic growth in 11 years in Q2 Read More »
According to investment bank UBS, China’s move to cut the reserve requirement ratio (RRR) could increase markets sentiment. RRR represents the amount of money that banks must hold as a proportion of their total deposits. UBS also added that the move could be good news for stocks in certain sectors. On Friday, the People’s Bank …
China cuts the reserve requirement ratio by 50 basis points Read More »
According to Italian Central Bank Governor Ignazio Visco, it’s not time to end emergency stimulus measures yet. Visco announced at G-20 on Sunday that recovering economies along with summer tourism opening in many parts of the eurozone is not a reasonable reason to end stimulus measures yet. Visco announced it is an emergency program that …
ECB’s Visco says it’s too soon to end emergency stimulus Read More »
According to Japan’s government, the world’s second-largest economy will recover to pre-pandemic levels by the end of 2021. The government announced that Japan’s economy is helped by solid exports and consumer spending, supported by progress in vaccinations. The government now anticipates that during the fiscal year to end-March, the economy will expand 3.7%. Remarkably, the …
Japan will recover to pre-pandemic levels in 2021 Read More »
According to the latest report, last year, during the COVID-19 pandemic, Chinese consumers spent less on daily necessities from foreign brands. Meanwhile, a report showed that people in smaller cities were more willing to spend than those in large ones. The study revealed growth in an economy that was already slowing its expansion before COVID. …
Asia-Pacific stocks were mixed on Friday morning. Meanwhile, investors await U.S. employment data even as they resume digesting economic data from the U.S. and China. Although shares were mostly higher in Asia on Friday, markets in Shanghai and Hong Kong dropped. The decline came a day after the Chinese Communist Party marked its centenary with …
Asian stocks were mixed; market awaits U.S. employment data Read More »
The long-awaited data was published on July 2, which revealed that the United States economy added 850,000 jobs in June as the pace of the recovery rose. Remarkably, it quieted simmering fears of more lasting harm from labor and supply shortages. The unemployment rate changed little, increasing to 5.9% from 5.8%. The news is a …
Data showed the U.S. economy added 850,000 jobs in June Read More »
China’s debt has boosted dramatically over the past decade. It is one of the biggest economic challenges confronting the ruling Chinese Communist Party. Remarkably, it turns 100 this week. The second-largest economy identified the ballooning debt pile as a threat to economic stability. In recent years China tried to reduce the country’s reliance on debt …
China’s debt has expanded dramatically over the past decade Read More »
According to the latest news, three think-tanks are expected to unveil a proposal to prevent a looming debt crisis on June 28. The plan aims to help heavily indebted countries accelerate moves toward more sustainable growth and a low-carbon economy. The “Debt Relief for a Green and Inclusive Recovery” project is modeled on Brady bonds …
The latest regulations in the compliance world demand stringent scrutiny of everyone and anyone having a certain amount of finances in their bank account. The banks or financial institutions now must be at their toes and take no chances while onboarding a shady character. The onboarding process for this purpose has become even more tedious. …
The U.S. current account deficit rose to a 14-year high in the first quarter. Remarkably, an acceleration in economic growth drew in imports. The gap could remain wide as the U.S. is leading the global economic recovery from the coronavirus pandemic. On Wednesday, the Commerce Department announced the current account deficit increased by 11.8% to …
The U.S. current account deficit hit 14-year high in Q1 Read More »
The latest data showed that Japan’s factory activity grew at the slowest pace in four months in June. The country’s economy was leveling out before Tokyo hosts the Olympic Games in July. Moreover, activity for the private sector declined for a second straight month due to the weaker reading for manufacturing. It continued contracting in …
Factory Activity of Japan Saw the Slowest Rise in 4 Months Read More »
According to World Health Organization officials, the highly contagious delta variant is the fastest and fittest coronavirus strain yet. WHO warned that it would pick off the most vulnerable people, especially in places with low coronavirus vaccination rates. Dr. Mike Ryan, an executive director of the WHO’s health emergencies program, announced Delta is likely to …
WHO reported delta is the fastest and fittest COVID strain Read More »
On June 17, North Korea’s leader Kim Jong Un has announced his country is facing problems amid reports of food shortages and inflated prices for basic goods. According to Korean Central News Agency (KCNA), Kim Jong told the plenary meeting of the Workers’ Party of Korea the nation was experiencing a tense food situation. North …
Kim Jong says the food situation in North Korea is troubling Read More »
Vaccine policy will be the most important economic policy this year as the world tries to rebound from COVID-19. This is according to International Monetary Fund (IMF) chief Kristalina Georgieva She also added that vaccine policy might beat even monetary and fiscal policy in terms of significance. The International Monetary Fund announced earlier in April …
IMF chief says vaccine policy will top all other policies Read More »
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