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AMONG the many policy failures of our national Covid-19 response, the exclusion of 18.1 million people, including 4.9 million US citizens, from federal stimulus packages will go down as one of the most economically devastating self-inflicted wounds
BENGALURU: Most major housing markets won’t keep up with consumer price inflation in 2021 and are faced with multiple downside risks despite rising strongly this year amid the coronavirus pandemic and rock-bottom interest rates, Reuters polls showed.
THERE aren’t many reasons why banking stocks excite investors in the near term. While the banks’ cheap valuations at the moment are attractive, the headwinds faced by the industry have shrouded the outlook
SINGAPORE: Singapore banks will extend debt relief for individuals and small-to-midsized businesses beyond the end of the year to support borrowers hardest hit by the coronavirus pandemic
WASHINGTON: If Round One of the coronavirus relief effort was the economic equivalent of “shock and awe, ” new plans being developed by the world’s biggest economies for more assistance to businesses and consumers are taking a narrower and more tactical approach.
TOKYO: Japan plans to conduct stress tests on its five major financial institutions this year that look into how the coronavirus pandemic could affect their earnings and capital, the central bank said yesterday
MUMBAI: India’s central bank has appealed to the country’s top court to let banks classify loans as non-performing, saying a ban imposed to help borrowers in the Covid-19 pandemic could greatly harm the nation’s financial system.
The economy needs a strong booster dose from the upcoming budget since considerable risks remain that may temper the early signs of stabilisation and recovery.