Page 10 - Economic Slowdown

Asian shares mostly higher after US rally, economic aid package hopes

Asian shares were mostly higher in muted trading on Monday, as worries about the pandemic kept optimism in check despite a rally that closed out last week on Wall Street. Investors growing wary over upcoming earnings reports have been cashing in recent gains, helping pull Japanese shares lower. Tokyo's benchmark Nikkei 225 index lost 0.3% to 23,543.95. Big exporters logged some of the largest losses, with Toyota Motor Corp falling 0.6% and Honda Motor Co shedding 1.8%. Japan reported core private sector machinery orders edged 0.2% higher in August, contrary to forecasts for a decline. But overall, economic indicators remain weak. Other regional benchmarks were rising. South Korea's Kospi gained 0.6% to 2,406.87. Australia's S&P/ASX 200 inched up nearly 0.2% to 6,113.40. Hong Kong's Hang Seng jumped 1.3% to 24,434.17, while the Shanghai Composite added 1.7% to 3,325.98. While US politics remain centre stage, a string of Asia releases and monetary policy meeting decisions will be ...

Can't extend loan moratorium as it may affect credit discipline: RBI to SC

RBI said, a long moratorium exceeding six months can impact the credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments

UK's Rishi Sunak expands help for some lockdown-hit firms as recovery wanes

A resurgence of the pandemic has forced Prime Minister Boris Johnson to consider new containment measures and is threatening to derail an economic recovery that has already started to wane

Car makers drive in top-of-the-line models in defiance of slowdown

Buyers have been lapping up new model launches, show booking and sales trends

S&P Global sees US, European corporate default rates doubling in 9 months

LONDON (Reuters) - The COVID-19 shock will double company default rates across the United States and Europe over the next 9 months, ratings agency S&P Global said on Tuesday, although it noted that the record downgrade pace of recent months was now slowing.

Asian shares mixed after Trump calls off stimulus talks to boost economy

Stocks were mixed in Asia despite an overnight decline on Wall Street after President Donald Trump ordered a stop to talks on another round of aid for the economy

IMF urges infrastructure investment to boost post-coronavirus growth

The full Fiscal Monitor will be presented at the IMF and World Bank annual meetings

Best of BS Opinion: Economic slowdown, auto sector recovery, and more

Here's a selection of Business Standard opinion pieces for the day

Covid-induced economic slowdown doesn't qualify as internal disturbance: SC

Supreme Court made the observation while quashing the notifications of Gujarat government which exempted factories from observing certain obligations towards workers

Postponement of MPC meeting sows doubts about the RBI's credibility

The RBI was forecast to keep its benchmark rate unchanged at 4% this week, reflecting the persistence of inflation above its 2% to 6% target

Even as Covid-19 rages, Indian economy's animal spirits are stabilising

Five of the eight high-frequency indicators compiled by Bloomberg News gained last month, while two were unchanged and one deteriorated

Covid-19: As regulators ease rules for firms, investors aren't taking it easy

Companies battling to get in shape after a nationwide lockdown to contain the coronavirus pandemic devastated the economy have been helped by regulators, but investors are worried. Should they be?

Covid-19: Indian banking system to be among the last to recover, says S&P

Path to recovery will be more painful and banks' recovery to long-term averages for key asset quality and profitability ratios will take years, it added

IMF official warns coronavirus will weigh on some economies for years

The Fund has provided some $90 billion in total financing to 79 countries, including 20 in Latin America, since the start of the health crisis

We may go terribly right or wrong, says 15th FC chairman N K Singh

Singh told Arup Roychoudhury and Indivjal Dhasmana that the Commission could recommend spending 2.5 per cent of GDP on health in the light of the Covid-19

New Zealand economy in deepest recession as second-quarter GDP shrinks

The Reserve Bank of New Zealand had forecast a quarterly and annual GDP decline of 14% in its August statement

Argentina unveils post-crisis budget with 5.5% economic rebound in 2021

Argentina's economy is in recession for the third year in a row, with a central bank poll predicting a 12% contraction in 2020

Asian economy to shrink, first time since 1960s, thanks to Covid-19: ADB

In India, where lockdowns have stalled private spending, GDP will shrink by 9% this year, sharply down from June's forecast of -4%

Indian economy to shrink by 9% this fiscal: Asian Development Bank

India's economy is expected to contract by 9 per cent this year -- worse than the 4 per cent contraction it had forecast three months ago, the Asian Development Bank (ADB) said on Tuesday

Oppn demands discussion in Lok Sabha on standoff at LAC, economic slowdown

Birla told reporters after the meeting that the leaders of all parties have assured their support for the smooth functioning of the House