Image copyrightReutersImage caption The lack of international flights because of the coronavirus pan
Without a high-functioning mass transportation network, the city's fiscal health is under threat — and so is the nations economy.
Indonesias bureaucratic red-tape is preventing almost $50 billion in fiscal support from being disbursed to virus-hit businesses and health care workers, risking a deeper economic slump amid a surge in cases.
AUD/JPY may pullback after breaking out of its uptrend as risk appetite wanes amid a growing number of Covid-19 cases and concern about virus-containing policy measures.
This season, like almost 90% of Australian rice growers, Rob Massina decided to skip planting the grain on his land near the tiny town of Jerilderie, about four hours north of Melbourne.
The Nigerian central bank has devalued its official exchange rate by 5.5% to 381 naira to the dollar from 360 naira, according to data on the website of FMDQ OTC Securities Exchange, the Lagos-based platform that oversees foreign-exchange trading.
Federal Reserve Bank of Atlanta President Raphael Bostic said the renewed spread of Covid-19 may be threatening the pace of the U.S. recovery, as businesses and consumers put plans on hold.
Governments policies must take into account the skewed impact of the coronavirus on workers on irregular work contracts, according to the OECD, which also warned that unemployment will rise further if theres a second wave of outbreaks.
The U.K.s already dismal productivity performance worsened in the first quarter as the Covid-19 crisis intensified.
Europe‘s economy will suffer more than previously estimated this year and take longer to recover because of a slow easing of coronavirus restrictions, according to the bloc’s executive arm.
Indonesias central bank ventured further into unconventional policy territory, agreeing to buy billions of dollars of sovereign bonds directly from the government to help finance the fiscal response to the coronavirus pandemic.
GBP/USD has yet to make a convincing break above the psychologically-important 1.25 level, with the near-term upside limited by strong resistance at that level.
Carrots as well as sticks are needed to persuade Brazils populist leader to put the brakes on deforestation.
The Australian Dollar may glimmer in Tuesdays Asia-Pacific trading session as investors gear up for the Reserve Bank of Australia (RBA) rate decision.
Look beyond unemployment to get a read on Turkeys labor market.
In Indonesia, locals can soon fly from Jakarta to the beaches of Bali for a domestic vacation. Tokyo residents can escape the pandemic stress with a hike up Mount Fuji, and New Yorkers can head to the Hamptons on Long Island.
Thailand has been cited as a success story in containing the coronavirus outbreak, having gone more than 40 days without any local transmission of Covid-19. Yet its economic outlook is the darkest in Asia.
Malaysia is set to cut its benchmark interest rate to its lowest level on record as it seeks to support the reopening economy amid soaring unemployment and the threat of recession.
A number of analysts are highlighting fresh investor interest in the implications of Joe Biden beating Donald Trump in November.
Domestic investors, led by lenders, are piling into Indian bonds on optimism the central bank stands ready to soak up a record debt supply. That‘s pitting them against foreigners who continue to sell the nation’s debt.
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