Economy News

ASEAN

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

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U.S. Senate

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

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Alexei Navaln

Kremlin Critic Navalny in Jail Appears in Court via Video

Jailed Kremlin critic Alexei Navalny’s team said Thursday it was disbanding its network of regional campaign offices across Russia. Navalny appeared in a video link from jail. He was looking gaunt after a hunger strike, which he is gradually ending. In a YouTube video, his allies made their announcement before a court hearing due to …

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Microsoft

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

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BOJ

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

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BOJ

BOJ Inflation Prediction to Show Ultra-easy Policy Limits

The Bank of Japan should estimate that inflation will stay short of its 2% target for the first time. That will be beyond Governor Haruhiko Kuroda’s term through early 2023, according to sources. It is also likely to cut this fiscal year’s inflation forecast reflecting cuts in cell phone charges. This highlights the challenge it …

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Japanese Firms

Japanese Companies Fear a New Wave of COVID-19 Infections

In Japan, concerns about a new wave of coronavirus infections are rising fast. Albeit, the country, so far, has fewer COVID-19 cases, as compared to many Western countries.  Japanese companies are bracing for the fourth round of coronavirus infections. A monthly poll showed that many expect a new wave to further hit their businesses after …

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