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World 22 Dec 2020 | 4:28 AM

Brazil to see 4.4 pct drop in GDP, say analysts

RIO DE JANEIRO, Dec. 21 (Xinhua) -- Brazilian financial analysts slightly upgraded their growth forecast for 2020, from a 4.41 percent drop in gross domestic product (GDP) to a 4.4 percent drop, the Central Bank of Brazil said Monday.

World 21 Dec 2020 | 12:15 AM

Interview: Economists criticize U.S. Treasury's methodology in labelling Switzerland as "currency manipulator"

GENEVE, Dec. 20 (Xinhua) -- Three economists told Xinhua that they strongly disagree with the methodology used by the U.S. Treasury to label Switzerland as a "currency manipulator."

Business 17 Dec 2020 | 7:00 AM

A currency manipulator tag for SNB may not deter FX approach

LONDON: The threat of being named a currency manipulator by the US Treasury may be an embarrassment for Switzerland, but even if the country does get the tag, it likely will have little effect on the Swiss National Bank’s (SNB) monetary policy.

World 16 Dec 2020 | 11:25 PM

U.S. government labels Vietnam, Switzerland currency manipulators

WASHINGTON, Dec. 16 (Xinhua) -- The U.S. government on Wednesday labeled Vietnam and Switzerland as currency manipulators, a move that is likely to increase trade tensions with the countries.

World 16 Dec 2020 | 7:22 PM

Japan's exports in November drop for record 24th straight month due to pandemic

TOKYO, Dec. 16 (Xinhua) -- Japan's exports dropped from a year earlier in November for a 24th successive month, marking the longest decline since record keeping began, owing to the continued sluggish demand from overseas amid the pandemic, the government said in a report on Wednesday.