Page 3 - Global Economic Recovery

Oil prices rise on expected economic recovery, US $1.9 trillion relief bill

Oil prices rose on Tuesday on expectations of a recovery in the global economy after US Senate approval of a $1.9 trillion stimulus bill and on a likely drawdown in crude oil inventory in the US

Oil nearing $70 worries consumer nations, may hamper economic recovery

Consuming nations will bear the cost of pricier energy, potentially fanning inflation and hurting their recoveries

US trade deficit rises 1.9% in January amid Covid-19 pandemic

The pandemic continued to disrupt global commerce

UK banks face savings glut on road to Covid-19 pandemic recovery

More deposits help shore up bank finances, but are not necessarily good news for lenders

Pent-up demand for manufactured goods driving global factory revival

Manufacturing activity in Japan expanded at the fastest pace in over two years

GDP grows 0.4% in Q3 after shrinking for two quarters, may fall in Q4: NSO

Imputed Q4 GDP seen falling 1.1%; Services to catch up with mfg; Tall growth of 30% in govt spending needed; Investments better than expected, show revised numbers

G20 to show united front on support for global economic recovery

The G20 is also likely to agree to extend a suspension of debt servicing for poorest countries by another six months

Global shares mixed amid vaccine optimism, US technology sell-off

Global markets were mixed Tuesday after a sell-off of shares in technology companies on Wall Street. France's CAC 40 edged 0.3per cent higher in early trading to 5,782.75, while Germany's DAX was little changed, up less than 0.1per cent at 13,953.13. Britain's FTSE 100 gained 0.5per cent to 6,646.83. U.S. shares were set for gains, with Dow futures up 0.3per cent at 31,548. S&P 500 futures rose 0.2per cent to 3,882.88. Tokyo was closed for a national holiday. South Korea's Kospi slipped 0.3per cent to 3,070.09. Australia's S&P/ASX 200 gained 0.9per cent to 6,839.20. Hong Kong's Hang Seng jumped 1.0per cent to 30,632.64, while the Shanghai Composite lost 0.2per cent to 3,636.36. The technology sell-off spilled into Asia. Chinese cell phone maker Xiaomi fell 3.1per cent, e-commerce giant Alibaba lost 1.2per cent and Taiwan computer chip maker declined 1.4per cent. Although the world's economies have been battered by the coronavirus pandemic, the deployment of COVID-19 vaccines ..

EU faces bankruptcies and bad loans as Covid-19 help for firms ends

Worst affected were hotels and restaurants, where three-quarters had liquidity problems

Coca-Cola expects sales growth to return in 2021 as profit beats forecasts

Coca-Cola Co on Wednesday forecast a return to organic revenue growth this year after a pandemic-hammered 2020

Investment in upskilling can boost global GDP by $6.5 trillion by 2030: WEF

The investment can create 5.3 million new jobs by 2030, according to a World Economic Forum report

Gripped by greed, emerging markets turn to the US Fed for next spur

Bloomberg's Fear-Greed indicator for the MSCI developing-nation stock gauge climbed to its highest in almost a decade, a sign that gains may have been excessive

Lockdowns in 2021 threaten to slow first-quarter earnings recovery globally

A major chunk of the global recovery in firms' earnings expected in first quarter is at risk of being pushed back further as lockdowns cloud hopes of a swifter economic rebound, investment banks said

Will the bull keep running?

The global setting is perfect for equities, but investors should have one eye on factors that could rattle the markets

China's export growth seen slowing in December; imports steady: poll

Demand from coronavirus-hit trading partners cooled, while imports held steady, a Reuters poll showed

Indian economy to rebound with 8.9% growth in fiscal 2022: IHS Markit

The GDP contracted by a record 23.9 per cent in the April-June quarter, the contraction came down to 7.5 per cent in the September quarter

Asian stocks hit fresh records on hopes for global recovery later in 2021

Asian shares rose to record highs on Friday as investors looked beyond rising coronavirus cases and political unrest in the US to focus on hopes for an economic recovery later in the year

Out of cash, but airlines try ultra-cheap fares to get people flying again

2021 is shaping up to be a transition year for an enterprise that takes passengers on the equivalent of 208 million annual trips around the globe

US, Japan set for recovery in second half of 2021, IMF chief economist says

Economic stimulus approved in the US and Japan at the end of last year will help to power a recovery in their economies in the second half of 2021, IMF chief economist Gita Gopinath said on Wednesday

World Bank says it expects the global economy to expand by 4% in 2021

The global economy is expected to expand by 4 per cent in 2021, assuming an initial Covid-19 vaccine rollout becomes widespread throughout the year, the World Bank has said