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BEIJING (Xinhua): China has embraced its best quarterly economic performance of the year in the third quarter (Q3), rendering a 0.7-percent year-on-year expansion for the first nine months as the first major economy to return to growth following the economic fallout from Covid-19.
Country’s GDP expands 4.9% in third quarter
CHINA’S economic recovery from the depths plunged during the Covid-19 pandemic is providing support for a world economy suffering its deepest recession since the Great Depression.
WASHINGTON: China does have the fiscal space to support its economic recovery, an International Monetary Fund (IMF) official has said, urging the country to strengthen its macro fiscal framework to deal with the challenges exacerbated by the Covid-19 pandemic.
NEW YORK: Global shares bounced on Friday while safe havens such as the dollar were on the defensive as investors welcomed news that drugmaker Pfizer Inc could have a coronavirus vaccine ready in the United States by the end of this year.
Chinese A-shares post an across-the-broad rally
KUALA LUMPUR: Mah Sing Group’s proposed venture into glove making and related healthcare saw the share price surging in early Friday trade and helping to lift investors’ mood.
Asian stocks came under pressure on Friday as investors sought safe havens, such as the U.S. dollar, fearing that a resurgence in coronavirus cases and a lack of additional U.S. fiscal stimulus would hobble the world economy.
NEW YORK/LONDON: Global shares closed lower on Thursday as investors shied from risk and sought safe havens such as the U.S. dollar on fears that a resurgence in coronavirus cases and a lack of more U.S. fiscal stimulus would hobble the world economy.