TOKYO (Reuters) – The global economy is likely to recover to pre-pandemic levels by early next quarter, about three months earlier than previously expected, economists at Morgan Stanley said. “The evidence indicates that the virus/economy equation has shifted decisively from the early days of the outbreak,” they said in a note to clients, saying that […]
SINGAPORE – A woman who accused a Singapore Management University (SMU) student of molesting her on campus told a district court on Tuesday (Sept 8) that she consulted a psychologist after her ordeal and was told that she had a “stress disorder”. She also went to see a general practitioner, who prescribed her Xanax, which is used […]
SINGAPORE – A woman who accused a Singapore Management University (SMU) student of molesting her on campus told a district court on Tuesday (Sept 8) that she consulted a psychologist after her ordeal and was told that she had a “stress disorder”. She also went to see a general practitioner, who prescribed her Xanax, which is used […]
SHANGHAI (Reuters) – The anticipated inclusion of Chinese government bonds in a major global index could draw an additional $140 billion into Chinese bonds, Goldman Sachs estimates, potentially offering a further boost to the yuan as China opens its capital markets. Market watchers expect index provider FTSE Russell to agree to include bonds from the […]
SHANGHAI (Reuters) – The anticipated inclusion of Chinese government bonds in a major global index could draw an additional $140 billion into Chinese bonds, Goldman Sachs estimates, potentially offering a further boost to the yuan as China opens its capital markets. Market watchers expect index provider FTSE Russell to agree to include bonds from the […]
TOKYO (Reuters) – Japan’s economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new prime minister faces in averting a steeper recession. Other data put that challenge in perspective, with household spending and wages falling in July as […]
TAIPEI (REUTERS) – Taiwan President Tsai Ing-wen called on Tuesday (Sept 8) for an alliance of democracies to defend against “aggressive actions” and protect freedom, alluding to Chinese actions in the South China Sea and Taiwan Strait as major threats to regional stability. China, which claims democratic Taiwan as its own, has ramped up its […]
BEIJING (REUTERS) – Chinese President Xi Jinping said on Tuesday (Sept 8) China acted in an open and transparent manner on the Covid-19 outbreak and that it had taken concrete efforts that helped save tens of millions of lives around the world during the pandemic. Mr Xi, speaking at a ceremony honouring role models during […]
BEIJING (REUTERS) – Chinese President Xi Jinping said on Tuesday (Sept 8) China acted in an open and transparent manner on the Covid-19 outbreak and that it had taken concrete efforts that helped save tens of millions of lives around the world during the pandemic. Mr Xi, speaking at a ceremony honouring role models during […]
Good morning! Here are our top stories to kick-start your Tuesday, Sept 8. Thousands of jobs may go in next 6 months: Experts Workers have so far been sheltered from the worst economic effects of the pandemic due to substantial government support but there is a limit to what the Government can do, said observers. […]