Page 37 - Global Economy

Key Japan indicator rises for 4th month in September, outlook index jumps

A key Japanese economic indicator improved for the fourth straight month in September, suggesting relief is at hand for an economy still feeling the drag from the coronavirus pandemic

What's ahead under US President-elect Joe Biden, industry by industry

Here's a breakdown of how a Biden presidency may affect some US industries and what might rise to the top of his agenda as he takes over from Donald Trump in January

Pakistan may return $2 billion Saudi Arabian loan, media report says

Pakistan may return $2 billion loan to Saudi and the cash-strapped country is looking for various options to secure more lending aimed at retaining gross official forex reserves at current level

Mark Mobius says Joe Biden bad for US equities, good for others

Biden's tax increases would reduce the incentive for people to invest in Wall Street stocks, says Mobius

US weekly jobless claims at 751,000 as market recovers at a slowing pace

The number of initial jobless claims in the US totalled 751,000 last week, as the labour market continues to recover at a slowing pace due to the raging Covid-19 pandemic

Toyota profit forecast more than doubles amid China pandemic rebound

Toyota more than doubled its full-year operating profit forecast, as vehicle sales rebound in China from a pandemic squeeze earlier this year that contributed to a 24% slide in second-quarter earnings

Global coronavirus cases top 48.5 million: Johns Hopkins University

The overall number of global coronavirus cases has topped the 48.5-million mark, while the deaths have surged to more than 1231,610, according to the Johns Hopkins University

Japan's household spending, wages slump as Covid-19 pandemic pain lingers

Japan's household spending slumped in September from a year earlier and real wages slid for the seventh straight month, data showed

United Nations summit in December to push action on Covid-19 pandemic

The UN voted to hold a summit on the Covid-19 pandemic on December 3-4 to press for action on the global spread of the coronavirus and its effects on economies, jobs, global trade and travel.

Indonesia sees first recession in over two decades as coronavirus hits

Indonesia fell into recession for the first time in over two decades in the third quarter as the Covid-19 pandemic battered consumption and business activity

President Jinping pledges to import more as Covid-19 shakes global economy

China is set to be the only major economy to grow this year after largely bringing the epidemic under control, following its emergence in the central city of Wuhan last year

India is odd one out in a favourable view of Emerging Asia: Cameron Brandt

With growth in developed markets under pressure from the rising Covid-19 caseload, investors will keep paying more attention to emerging markets, says Brandt

Canada increases immigration targets, says they are key to revive economy

Canada closed its borders to most immigrants in March to try to slow the spread of the coronavirus

In Covid-hit world, emerging market stocks are a haven for global investors

The MSCI Emerging Markets Index is up about 3.5% this month, compared with a 1.4% slump in the MSCI All-Country World Index

A new global debt crisis

China's role as lender has complicated relief efforts

Japan Sep retail sales fall 8.7% y-o-y as shopping appetite remains subdued

Japanese retail sales fell 8.7% in September from a year earlier, down for a seventh straight month, government data showed, as the coronavirus pandemic kept a lid on consumers' shopping appetite

Bank of Japan trims growth and price outlook, keeps policy steady

As widely expected, the central bank kept monetary policy steady, including a -0.1% target for short-term interest rates and a pledge to guide long-term rates around 0%

Developed countries can ignore macro-economic reality but India can't

Hard work on inflation means there is monetary space in this crisis; but years of mismanagement means there is no fiscal firepower

Prediction-addiction, despite being in a fog

We are usually wrong in our predictions about the economy and market, especially since we bring in our own biases to fill the vast gaps in our information. And yet, we cannot help but predict

Antivirals, spaceflights, hyperloops among 20 mkts to alter economies: WEF

These markets can help societies protect and empower people, advance knowledge and understanding, and protect the environment, among other benefits