Category: Economy News

Asia from space ‌
Economy News

Asia-Pacific Closes in on Biggest Trade Deal

Fifteen countries in Asia-Pacific are set to finalize negotiations on Sunday and sign what could become the largest free trade agreement. It would cover nearly a third of the global population. Moreover, about 30% of

Bank of Japan building
Economy News

Japan’s GDP Seen Shrinking Less than Expected

Japan’s economy will likely shrink more slowly than previously anticipated this fiscal year.  According to a  poll, recovering exports offered relief for policymakers with few tools to cushion the blow from the pandemic. However, uncertainty

United State map
Economy News

U.S. Tech Rebounds, China’s Down; Oil Rises

U.S. tech stocks regain some momentum, but China’s is down again. Beijing has drafted harsh new antitrust measures. Oil prices bounce back on signs of strong U.S. demand. OPEC’s monthly report will be out later.

Euro central bank
Economy News

Central Banks Seek New Role in a New World

The world’s top central bankers will attempt to resolve the existing questions of their profession this week. They take a break from the COVID-19 crisis and tune into the European Central Bank’s annual policy symposium.

Saudi Arabia skyline
Economy News

Saudi Arabia Outlook Cut by Fitch to Negative

Saudi Arabia’s outlook was cut from stable to negative by Fitch Ratings. The COVID-19 pandemic and lower oil prices thrashed the kingdom’s finances. A negative outlook means the succeeding move on its credit rating may

Joe Biden photo
Economy News

Biden Closer to Victory, Fed Meets, BoE Expands QE

Democrat candidate and former Vice President Joe Biden is on the verge of victory despite legal actions from President Donald Trump. The Federal Reserve’s policy meeting winds up as jobless claims are set for announcement.