Economy News

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 by the COVID-19 pandemic. A statement read that they expect a rebound in 2021 as the recovery gathers momentum. It …

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

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 the lawmakers still can not agree over other infrastructure investments of President Joe Biden. The Drinking Water and Wastewater Infrastructure …

U.S. Senate Passes $35B Water Infrastructure Bill Read More »

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 pandemic started, despite it having a trillion-dollar valuation.  It traded over 45 times its 2020 earnings. It is a multiple …

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

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 growth from solid global demand. Governor Haruhiko Kuroda indicated he was prepared to extend a pandemic-relief program beyond the current …

BOJ Signals Prolonged Easing, Gloomy Price Outlook Read More »