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CORONAVIRUS HIT ECONOMIES
Vivek Ramaswamy wins Republican nomination for Ohio governor after Trump's endorsementOhio voters have chosen their candidates for key November elections. Billionaire Vivek Ramaswamy will face Dr. Amy Acton for governor. Sena...- Coronavirus-hit Maharashtra economy to contract by 8% in FY21: SurveyDeputy Chief Minister and Finance Minister Ajit Pawar tabled the survey in the state Assembly, while Minister of State for Finance Shambhur...
- Malaysia's economy posts biggest annual decline since 1998 crisisThe economy contracted 3.4% year-on-year in the October-December period, falling for a third straight quarter and faster than the 3.1% decl...
- Not fresh fiscal stimulus, more important is to spend committed amount: Former RBI Governor Bimal Jalan"I think the fiscal stimulus is already there... What you need is to spend the total amount of expenditure that you have already announced ...
- The US economy under Donald Trump: By the numbersTrump inherited an economy with already-low unemployment of 4.7 percent when he took office in January 2017, less than half the peak hit in...
- Saudi Arabia's economy shrank by 7% in Q2 showing depth of coronavirus hitThe world's largest oil exporter is facing its worst ever economic decline after the COVID-19 pandemic curbed global crude demand and measu...
- Japan's economy shrank more than estimated in Q2The world's third-largest economy shrank 7.9 percent in the second quarter of this year from the previous quarter, more than the initial 7....
- Gold inches higher as dollar extends fall; focus on Fed minutesMarkets are looking to the release at 1800 GMT of the minutes of the Fed's latest meeting that might give more clues on the interest rate o...
- Gold jumps 1% fuelled by easing dollar, stimulus hopesSpot gold was up 1.2% to $1,893.71 per ounce by 11:34 a.m. ET (1533 GMT), having hit its highest since September 2011 at $1,894.53.
- Oil prices jump on vaccine hopes, EU dealBenchmark Brent crude was up $1.24 cents at $44.52 by 1337 GMT, on track for its biggest daily rise since mid-June at around 3%. West Texas...
- Asian shares extend gains as investors count on stimulus, vaccinesAdvisers to President Donald Trump and congressional Democrats were set to discuss the next steps in responding to the coronavirus crisis o...
- Aussie and Kiwi dollars lead gains; dollar fallsThe World Health Organization (WHO) reported a record increase in global novel coronavirus cases on Sunday.
- FM Nirmala Sitharaman to meet PSU bank chiefs on Friday, to review credit flowThe meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on mo...
- China, Europe show restarting coronavirus-hit economies not easyThe early experiences in China and parts of Europe show it will be no easy task.
- Centre may require additional Rs 5 lakh crore to support economy hit hard by COVID-19: Subhash Chandra GargGovt may need to borrow about Rs 4-5 lakh cr more, former finance secretary Subhash Chandra Garg said.
- Gold rises more than 1% as coronavirus hits global economiesSpot gold was up 1.2% at $1,635.47 per ounce by 1108 GMT, its highest since March 26. US gold futures were up 1.1% at $1,664.10.
- FM Nirmala Sitharaman to announce economic package soon to deal with COVID-19 impactThe announcement is expected to take place at 1 pm on Thursday, according to an official. Earlier this week, the Finance Minister had said ...
- Tourism industry takes a hit as Thai economy struggles with coronavirus
- Asia-Pacific economies face $211 bn hit from coronavirus: S&PThe coronavirus could wipe more than $200 billion off Asia Pacific economies this year, S&P Global ratings warned Friday, sending growth to...
- RBI comforts Indian financial markets over coronavirus scareThe RBI's response comes in the wake of Indian benchmark indices falling over fears that the nascent recovery seen in the Indian economy co...
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