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G20 should not withdraw fiscal support too early: Germany's Scholz
BERLIN (Reuters) - The world's largest economies should continue their rescue and support measures for workers and companies in the COVID-19 pandemic as the recovery is taking longer than initially thought, German Finance Minister Olaf Scholz said on Friday.
Covid-19 weighs on remittances, putting plans on hold for millions
JAKARTA (The Straits Times/ANN): Like many families in the village of Semerak, in Central Java, Pipit Wahyudi, 26, and his father as well as his older brother could count on an infusion of about 5 million rupiah (US$350) every month since his mother started work as a housekeeper in Jeddah, Saudi Arabia, about a decade ago.
Asia digital currency gets China assistance
BEIJING (China Daily/ANN): China has joined a multilateral central bank digital currency project in Asia for real-time cross-border transactions like cross-border fund transfers, international trade settlements and capital market transactions, amid renewed global efforts to promote the use of digitalised legal tenders.
Europe takes slow lane to recovery as stimulus outpaced by US
BRUSSELS: While the United States rushes toward a blockbuster fiscal stimulus package to accelerate its recovery from the coronavirus crisis, much of Europe is pootling along in the slow lane.
Insight - Interest rates are losing their relevance
FOR millennia, interest rates have been the primary tool for setting the price of money. They have determined how medieval kingdoms financed faraway conquests and modern nations fought wars.
Asian digital currency gets PBoC support
BEIJING: China has joined a multilateral central bank digital currency project in Asia for real-time cross-border transactions like cross-border fund transfers, international trade settlements and capital market transactions, amid renewed global efforts to promote the use of digitalised legal tenders.
Global bond rout puts Australia’s central bank on frontline
SYDNEY: The bond market rout is starting to test the resolve of global central banks, and nowhere is that clearer than in Australia, where policymakers are struggling to defend their yield targets.
Special Report: In Germany's Black Forest, Putin critic Navalny gathered strength and resolve
IBACH, Germany (Reuters) - Just over two weeks after his poisoning with a military-grade nerve agent in Siberia, Kremlin critic Alexei Navalny began to respond to the words of his wife Yulia and wake from a drug-induced coma.
Asia markets track Wall St record after Powell's soothing words
HONG KONG (AFP): Another Federal Reserve reassurance it would not hike interest rates until absolutely necessary buoyed Asian markets Thursday (Feb 25), while traders were also taking heart from more positive developments on the vaccine front.
Data-focused Powell paves way for era of extended loose Fed policy
WASHINGTON: Between deep wounds to the labor market and weak inflation, Federal Reserve Chair Jerome Powell delivered a simple message to investors fixated on rising U.S. bond yields and price risks: watch the data, and don't expect any changes in monetary policy until the economy is clearly improving.
