TOKYO (Reuters) – The dollar struggled to stem its broad decline on Thursday as investors worried the U.S. economic recovery may lag other countries due to a high level of coronavirus infections while the global economy slowly gets back on its feet. The dollar’s index against a basket of currencies =USD edged down 0.1% to […]
LONDON (Reuters) – The Bank of England looks set to hold off from taking further action to help Britain’s economy through the coronavirus pandemic on Thursday as it waits to see the scale of an expected surge in unemployment. The central bank is expected to announce at 0600 GMT that it is keeping its benchmark […]
BUENOS AIRES (Reuters) – Argentina’s June industrial production fell 6.6% versus the same month a year earlier, the country’s statistics agency said on Wednesday, better than analysts had forecast and a far shallower drop than in the previous months since the start of the coronavirus pandemic. The market had expected a fall of about 10%, […]
March in Pakistani city was held by Jamaat-e-Islami political party to express solidarity with the people of Kashmir. Dozens of people have been wounded after a grenade explosion at a pro-Kashmir march in the southern Pakistani city of Karachi, according to local officials. Wednesday’s attack in the Gulshan-i-Iqbal area targeted a rally organised by Jamaat-e-Islami (JI), one of Pakistan’s major religious […]
NEW YORK (Reuters) – The resurgence of coronavirus infections has muted the economic recovery and Congress needs to support the economy by continuing to provide enhanced unemployment benefits and aid to state and local governments, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday. Kaplan declined to say exactly how much aid he thinks […]
BOSTON (Reuters) – The U.S. Treasury Department said on Wednesday it will sell $112 billion next week in notes and bonds and that it plans to continue to shift more of its funding to longer-dated debt in coming quarters, as it finances measures to offset the impact of the COVID-19 epidemic. The Treasury said it […]
NEW YORK (Reuters) – While U.S. economic growth slowed in July, it could pick up in the third quarter and reach pre-pandemic levels by the end of next year, Federal Reserve Vice Chairman Richard Clarida said on Wednesday. “It will take some time, I believe, before we get back to the level of activity that […]
SINGAPORE – A 25-year-old person has become the youngest to die from dengue this year. Without revealing more details of the case, the Ministry of Health (MOH) said on Wednesday (Aug 5) that the latest death takes the number of people who have died from dengue this year to 20 as of Sunday. Their ages […]
BRASILIA (Reuters) – Expiring emergency payments to millions of low-paid Brazilians and the likely restoration of growth-choking austerity measures, as unemployment rises, risk torpedoing growing optimism that Latin America’s economy may not tank as much as feared. The average forecast for 2020 gross domestic product is now showing a decline of 5.7%, a weekly central […]
NEW YORK (Reuters) – While U.S. economic growth slowed in July, the rebound could pickup in the third quarter and the economy could reach pre-pandemic levels by the end of next year, Federal Reserve Vice Chairman Richard Clarida said Wednesday. “My baseline view is that we could get back to the level of activity perhaps […]