Category: Economy News

Economy News

ASEAN Plus China, Japan, S. Korea to Boost Financial Ties

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

U.S. Senate
Economy News

U.S. Senate Passes $35B Water Infrastructure Bill

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

Economy News

Microsoft Shares Weaker in Pre-market; Apple, FB Earnings

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

Economy News

BOJ Signals Prolonged Easing, Gloomy Price Outlook

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

European Central Bank
Economy News

ECB Survey Sees Faster Inflation this Year

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%.

Headquarters of ECB
Economy News

On Taper Talk, ECB to Stick to Stimulus Plans

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

Economy News

U.K. Inflation Up as Economy Reopens

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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