Page 37 - Economy

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 ...

On path to recovery, here's how Covid has changed the world economy forever

Measured by output, the world economy is well on the way to recovery from a slump the likes of which barely any of its 7.7 billion people have seen in their lifetimes

Small yet focused approach makes City Union Bank an interesting bet

High concentration in the south Indian market, particularly the SME belt is working to its advantage

Japan Inc shakes off Covid gloom but resurgence hits capex, hiring: Report

The headline index for big manufacturers' sentiment improved to minus 10 in December from minus 27 in September

Damn lies and the truth

Book review of How to Make the World Add Up: Ten Rules for Thinking Differently About Numbers

Nomura says India would be fastest growing Asian economy in 2021

Nomura has turned positive on India's cyclical outlook for 2021, and believes the country is on the cusp of a cyclical recovery

Philippines economy shrinks in third-quarter, govt says 'worst is over'

GDP grew a seasonally adjusted 8% quarter-on-quarter, after a 14.9% contraction in April-June

Lockdowns a crude tool for nations to fight Covid-19 but they are justified

Without excellent testing and tracing, it takes a very strict lockdown to get numbers falling, whereas achieving explosive growth in cases is very easy

Covid-19 biggest hurdle for New Zealand's Ardern after 'tectonic' election

With net core crown debt forecast at NZ$201 billion ($133 billion), or 55% of gross domestic product by 2024 - up from less than 20% before the pandemic - Ardern's borrowing options are shrinking

Canada's Trudeau announces more funding for coronavirus-hit businesses

The Canadian government has announced a funding of C$600 million to help small- and medium-sized businesses that were affected by the lockdowns

Japan is paying firms to make things at home. But China's pull is strong

The pandemic - and Beijing's increasingly combative behavior during it - has driven home the risks of overreliance on China for the production of a broad range of goods

Delinquencies in NBFCs may rise by 50-250 bps in FY21: Crisil

RBI's loan restructuring will soften the blow on reported GNPAs but the underlying challenges will continue

Huge liquidity surplus unlikely to be inflationary, say economists

Instead of pushing up inflation, the huge surplus liquidity, bordering at Rs 7 trillion daily, is helping in policy rate transmission and aiding govt to borrow at a cheaper rate

The year unconventional monetary policy turned conventional, India to US

With the global recovery still uncertain and the virus set to leave scars on employers and employees, the likelihood is that monetary policy will stay ultra-loose for years to come

Amid Covid-19 headwinds, Adityanath reaffirms trillion-dollar economy goal

UP to float global tender for selecting a consultant for ambitious task

UAE issues decree to end Israel boycott, allows economic agreements

Based on the decree, it will be permissible to enter, exchange or possess Israeli goods and products of all kinds in the UAE and trade in them