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World

Extension of extra unemployment benefits to bolster U.S. economic growth: Fed official

WASHINGTON, Aug. 3 (Xinhua) -- An extension of some form of extra unemployment benefits would bolster U.S. economic growth, a senior Federal Reserve official said Monday.

World

Italy's manufacturing activity hits 25-month high in July: survey

ROME, Aug. 3 (Xinhua) -- Italy's manufacturing activity showed a 25-month record high in July, according to a survey released on Monday.

Investment

Japan’s Seven & i to buy Marathon’s gas stations

BENGALURU: The Japanese owner of 7-Eleven convenience stores has agreed to buy Marathon Petroleum Corp’s Speedway gas stations for U&S$21bil, brushing aside coronavirus concerns to return to the table five months after initially baulking at the deal.

Economy

Indonesia 2Q GDP seen shrinking 4.61% on-yr, weakest since 1999

JAKARTA: Indonesia's economy likely posted the biggest contraction in more than two decades in the second quarter, as measures taken to combat the Covid-19 coronavirus pandemic hit most sectors, a Reuters poll showed on Monday.