Association of Southeast Asian Nations (ASEAN) Finance ministers and central bank governors, including China, Japan, and South Korea, vowed to strengthen regional financial cooperation. This is as they cushion the economies of countries hit hard
The U.S. Senate has approved the first major infrastructure bill in U.S. Congress. The bill would authorize over $35 billion to upgrade America’s drinking and wastewater systems. This bipartisan show of support is rare because
A day after Microsoft’s (NASDAQ: MSFT) companies’ March quarter results, its shares were trading weaker on Wednesday’s pre-market. Many traders and shareholders found it daunting since its stocks have risen over 70% even since the
On Tuesday, the Bank of Japan projected inflation would fail to achieve its 2% target during its governor’s term through early 2023. New restrictions to combat a spike in COVID-19 cases obscures the boost to
Germany has raised its growth forecast for 2021 to 3.5%. A source said this in comparison with the 3% growth it was expecting back in January. A stronger-than-expected Q4 justified the upward revision. The government
According to a European Central Bank survey, the eurozone economy should grow slower this year. Moreover, a temporary surge in inflation will exceed a previous projection. This year, the eurozone economy is expanding by 4.2%.
The European Central Bank should keep policy unchanged at a meeting on Thursday. Its stimulus measures are keeping the economy afloat. The central bank has pinned borrowing costs near record lows through massive bond purchases
British inflation picked up in March with global oil prices rising and retailers scaling back their COVID-driven discounts. It is likely to keep edging up as the economy reopens from lockdown. In the coming months,
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