BENGALURU (REUTERS) – The resurgence in coronavirus cases is the biggest threat to the recovering euro zone economy, according to a Reuters poll of economists, who say growth and inflation are more likely to create negative surprises over the coming…
Read MoreAustralian unemployment unexpectedly drops as hiring surges
SYDNEY (BLOOMBERG) – Australian unemployment unexpectedly fell in August as government and central bank stimulus allowed the economy’s recovery to withstand Victoria’s renewed lockdown. The jobless rate dropped to 6.8 per cent from 7.5 per cent in July against economists’…
Read MoreMore support for high-growth local companies despite pandemic: Chan Chun Sing
SINGAPORE – There will be more support for promising companies to help accelerate their growth despite the coronavirus pandemic, said Minister for Trade and Industry Chan Chun Sing during a press briefing on the precision engineering sector on Monday (Sept…
Read MoreU.S development finance institution to fund energy and gas development in Mozambique
MAPUTO, Sept 10 (Reuters) – The U.S development finance institution has agreed to loan up to $200 million for a gas-to-power facility in Mozambique and provide $1.5 billion in political risk insurance to develop natural gas reserves in the country’s…
Read MoreUPDATE 2-Sudan declares state of economic emergency after sharp fall in currency
(Adds gold, U.S. sanctions, details) KHARTOUM, Sept 10 (Reuters) – Sudan declared an economic state of emergency on Thursday after its currency fell sharply in recent weeks, setting up special courts to prosecute what officials called a “systematic operation” to…
Read MoreBank of Canada head says uneven recovery could hit living standards for all Canadians
OTTAWA, Sept 10 (Reuters) – Canada must strive for a more even economic recovery from the COVID-19 pandemic or risk a hit to potential growth that could limit living standards for all Canadians, the head of the Bank of Canada…
Read MoreUPDATE 2-South African Airways needs state cash next week -administrators
(Adds government comment) JOHANNESBURG, Sept 10 (Reuters) – South African Airways needs short-term funding from the government by the end of next week for the state carrier’s business rescue process to continue, its administrators said on Thursday. “It is prudent…
Read MoreS.Korean stocks rebound on U.S. tech rally, new virus stimulus
* KOSPI rises, foreigners turn net buyers * Korean won strengthens against U.S. dollar * South Korea benchmark bond yield falls SEOUL, Sept 10 (Reuters) – Round-up of South Korean financial markets: ** South Korean shares rebounded on Thursday, tracking…
Read MoreUPDATE 1-U.S. consulate in Hong Kong sells property for $331 mln
(Adds comments of buyer, consulate, details; paragraphs 2,3,5-8) By Clare Jim and Twinnie Siu HONG KONG, Sept 10 (Reuters) – The United States consulate in Hong Kong has sold a property used as staff accommodation for HK$2.57 billion ($331 million)…
Read MoreS.Korea stocks track tech-led rebound on Wall Street
* KOSPI rises, foreigners net sellers * Korean won strengthens against U.S. dollar * South Korea benchmark bond yield falls SEOUL, Sept 10 (Reuters) – Round-up of South Korean financial markets: ** South Korean shares on Thursday rebounded after U.S….
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