Page 49 - Global Economy

Business resumption activities declines for second consecutive week: Nomura

Business resumption activities declined for the second consecutive week after a multi-week increase since the ebbing of the second wave of the pandemic, Japanese brokerage Nomura said on Monday.

P&G forecasts higher annual earnings despite $2 billion input costs

(Reuters) -Procter & Gamble Co expects higher core earnings this year despite warning of a nearly $2 billion hit from rising commodity and transportation expenses, relying on price increases and cost cuts to cushion the hit to its margins.

An economist's selective notes

Kaushik Basu offers an engaging account of his days at North Block and World Bank but steers clear of controversial issues

Global hunger to rise in 2021 due to income losses from Covid-19 pandemic

291 million people won't have enough to eat in 2021, according to the US Department of Agriculture.

Top headlines: Fed on US economy, IAF deploys Rafales to counter China

Business Standard brings to you the top headlines on Thursday

Global recovery gap widens on unequal vaccine access, IMF says

Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs, says IMF

Global stock markets decline ahead of US Fed update on economy

Global stock markets declined Tuesday as investors looked ahead to a Federal Reserve report for an update on when US stimulus might start winding down. London and Frankfurt opened lower while Shanghai and Hong Kong declined. Tokyo advanced. On Monday, Wall Street's benchmark S&P 500 index rose to a new record, shrugging off worries about the spread of the more contagious delta variant of the coronavirus. Investors awaited the Fed report Wednesday for signs of the central bank's level of concern about inflation and when it might start rolling back easy credit and other economic stimulus. Minutes of the Fed meeting in June showed board members discussed how and when they might reduce monthly bond purchases that inject money into the financial system. We expect Jay Powell to reiterate that the tapering discussion is underway, but that it's too soon to reveal a specific date, Danielle DiMartino Booth of Quill Intelligence said in a report. In early trading, the FTSE 100 in London lost

Global growth to stay strong but coronavirus the top risk, say economists

A global survey of nearly 500 economists taken this month also concluded recent rising inflation in key economies around the world would be transitory.

Cash-hungry emerging markets arrive late to the SPAC party: Report

SPACs allow investors to list a shell company on public markets before they have identified a business to buy, which provides a speedier route to an initial public offering.

Best of BS Opinion: Living in 'interesting times', Af without Pak & Islam

Here are the top BS Opinion articles of the day.

IMF to keep 2021 global growth forecast at 6%: Managing Director

Georgieva, speaking at an online event sponsored by the Peterson Institute for International Economics, said that economic recovery will be held back unless the pace of Covid-19 vaccination picks up

Warning signs for global recovery as Delta variant dims outlook

Coinciding with a resurgence in the Delta variant of COVID-19, markets may be sending alarm signals about the global economic outlook,

EU proposes watchdog to halt firms supporting criminals, terrorists

Europe came under pressure to step up enforcement of its anti-money laundering rules

IMF urges countries to move from economic rescue to growth-oriented reforms

Improved competition policy frameworks such as those being debated in Europe and the United States can reduce the concentration of market power among a few firms

Global growth boom may disappoint, says Morgan Stanley's Ruchir Sharma

Sharma, who is the author of bestsellers including "Breakout Nations" in 2012 and "The Rise and Fall of Nations" in 2016, isn't predicting a global bust

World shares steady, US yields hover near lows ahead of fresh data

MSCI's broadest gauge of global shares was flat in European trading, broadly unchanged on the week, buoyed by early gains across most European markets, with Britain's FTSE 100 up 0.4%.

Milk to pork: How the rising cost of food is sweeping around the world

Food prices have always been cyclical, and most agricultural futures are now off their peaks from early May

Global boom in house prices becomes a dilemma for central banks

Withdrawing stimulus too slowly risks inflating real estate further and worsening financial stability concerns in the longer term

G20 warns of risks to global recovery from coronavirus variants

The G20 gathering in the Italian city of Venice was the ministers' first face-to-face meeting since the start of the pandemic

The Trumpian roots of the chip crisis

The US is still paying the price of tantrum-based trade policy