Page 67 - Economy

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Bank of England slows pace of bond-buying on growing hopes for recovery

Bank of England kept the scale of its stimulus programme unchanged as Britain's economy shows signs of recovery from its coronavirus slump

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.

Myanmar economy likely to contract up to 20% as crisis looms: Analysts

Small businesses are on the front lines of an economy now seemingly in free fall after a group of generals seized power

India's retail inflation likely rose in March but stayed within target

The April 5-8 poll of more than 50 economists showed retail inflation rose to 5.40% in March from a year earlier as opposed to 5.03% in February. Forecasts ranged from 4.60% to 6.11%

Liquidity support, bond yield management: Key takeaways from RBI Policy

RBI monetary policy 2021: The recent surge in Covid-19 infections, however, imparts greater uncertainty to the outlook, RBI governor Shaktikanta Das said today

How Covid-19 has taught valuable lessons about pursuit of peak efficiency

As the former Morgan Stanley strategist Gerard Minack noted last year, our pre-pandemic world was primed to maximize financial returns on the assumption that nothing would go wrong

Gehlot directs officials to fulfill budget proposals in time-bound manner

Rajasthan Chief Minister Ashok Gehlot on Saturday directed officials to prepare a model to fulfill budget announcement in a time-bound manner

Delhi's economy estimated to contract by 3.92 pc in FY'21: Survey

This is according to Delhi Economic Survey 2020-21

96% people faced drop in earnings during Covid-19 lockdown: Survey

The Centre announced a nationwide lockdown in March last year following the outbreak of COVID-19 in the country. Later, after a few months, restrictions were gradually eased in a phased manner

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 ...