China will promote economic growth to a “reasonable” range while it pursues higher quality development. This was a statement from Premier Li Keqiang on Tuesday by state radio. Li did not give specific growth targets. The government would continue to implement policies. That is to support sectors in difficulties in this time of the coronavirus …
China to Promote Economic Growth to a ‘Reasonable’ Range Read More »
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 its global gross domestic product. At the end of a four-day ASEAN summit in Hanoi, the Regional Comprehensive Economic Partnership …
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 over the coronavirus’ fallout will continue to weigh on consumer prices. It may put Japan at the point of mild …
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. Officials will attempt to figure out why monetary policy is not working as it used to. This will also include …
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 be a downgrade. It can go further down to the lowest level. This is since Fitch began assessing the kingdom …
Development finance institutions (DFIs) are exposed and susceptible to potential nature-related losses. This is across more than a quarter of their investments. Regular stress tests should be carried out to better understand the risks, a report said on Friday. The world’s 450 DFIs invested $11.2 trillion at the end of 2019. Out of this investment, …
Development finance institutions Loan Books Risk Nature-related Losses Read More »
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. Stocks still favour the idea of a split Congress. The Bank of England expands its bond-buying and the European Union …
Biden Closer to Victory, Fed Meets, BoE Expands QE Read More »
Spain and other European economies will slow and could contract in Q4 of 2020. The contraction will be due to new restrictions to contain the coronavirus pandemic. This was a statement from European Central Bank policymaker Pablo Hernandez de Cos on Wednesday. The resurgence in COVID-19 cases was creating uncertainty over the strength and persistence …
Possible Q4 Contraction in Parts of EU due to Restrictions Read More »
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