Browsing Category
Economy
Australia Records its Biggest Deficit Since World War II
The government said its budget deficit is forecast to deepen significantly to $61.27 billion in the financial year ending on June 30 and further widen to $131.78…
Thailand’s Finance Minister Resigns with Six Others
Top ministers in Thailand resign after protests from citizens and internal power struggle inside the ruling party, which puts the country at more risk of a severe…
No Alternative, Governments Must Support the Economy
Coronavirus has exacerbated a slowdown in the global economy, and governments worldwide have no alternative but to support businesses and households into the next…
A Huge Challenge Looms Over the Global Economy, Says Expert
Governments and financial institutions will be forced to brace themselves for increased bad loans, when stimulus packages cannot be sustained anymore, which might…
Singapore Remains Dire as Global COVID-19 Resurgence Looms
Singapore is still dire in its economic situation as global coronavirus resurgence continues to loom. Click here for more information! – Finance Brokerage
China’s Economy Grew 3.2%, Rebounding from Coronavirus
China reported that its GDP grew by 3.2% in the second quarter of 2020 compared to the previous year. The growth beat analysts' expectations and rebounded from the…
Australia Welcomes Top Talent from Hong Kong, Minister Says
Australia joins the list of countries offering a home to Hong Kong, looking to flee the city amidst the new security law that could be looking to infringe on…
China’s Exports and Imports Rise Against Expected Decline
In June, China’s denominated imports and exports rose as restrictions eased and countries reopened their economies. June's customs data beat expectations of a…
Property Developers Target Emigrating Hong Kongers
Hong Kong residents explore better living and investment environments outside of China's jurisdiction due to anxiety that the new security law will infringe on their…
Stocks Climbs With Gold, Analysts Thinks It’s Just the Start
Stocks are going up and gold is also surging, and analysts say that the precious metal is just getting started. Click here for more information! – Finance Brokerage
Turkey Faces the Risk of Another Currency Crisis
Turkey's lira slipped to its weakest level since May when it hit a record low in early May. Moody's report cited "fresh market concerns" over Turkey's economic…
EU Markets Drop Accounted To Weak German Data Cases in US
The global economy is taking further beat down from the recent drop in European markets as investors respond to the latest data weak industrial production data from…
EU Market Closed Higher as Banks Lead;Stoxx 600, 1.6% Higher
European markets closed higher as investors focused on economic recovery possibilities and developments on potential coronavirus drugs. The pan-European Stoxx 600…
Fitch lower Sovereign Rating As COVID-19 Continue Devastate
When countries start to recover from coronavirus’ effects, they might have to contend with the negative ratings by Fitch, which is downgrading sovereign ratings for…
Chinese Companies Delisting is Pointless, Think Tank Says
Chinese companies delisting from the U.S. stock exchange will not hurt the growth of China. Want to know more? Click here now! – Finance Brokerage
China’s New Security Law Could Change Hong Kong Forever
Hong Kong’s status as one of the world's most prominent financial hubs is under threat. China unanimously passed a new security law for Hong Kong - which could…
Asia to Experience Its Worst Economic Downturn in History
The latest world economic outlook revision by the IMF shows that Asia’s economy is up for its worst recession at a 1.6% downturn in 2020 while still outperforming…
China’s Manufacturing Activity Expanded in June
China’s Purchasing Managers Index (PMI) was at 50.9 in June against economists’ expectation of a 50.4 reading. Manufacturing PMI readings of above 50 indicate…
Rising New Covid-19 Cases Suspected To Slow work Recovery
The U.S. economy while still in recession, is recording positive growth in employment gains, but rising cases of coronavirus infections could bring the whole house…
Coronavirus Cases Further Increase in Some Countries
Coronavirus cases in some countries continues to spike as lockdown measures around the world have been gradually lifted. Click here for more! – Finance Brokerage