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BENGALURU: Foreign investors poured over $1 billion into Asian government and corporate bonds in September, more than doubling their investment in local currency debt from the previous month, attracted by higher yields and some signs of economic recovery.
BEIJING: China stepped up its economic recovery in the third quarter from the coronavirus shock but missed forecasts, pointing to continued challenges for one of the few drivers of global growth this year.
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.
THERE’S a long road to travel from saying the right words to doing the right thing. It’s the journey from ethics to integrity. The same applies to diversity and inclusion.
AFTER a dip in headline inflation in August, the September Consumer Price Index (CPI) numbers will be watched closely. The Statistics Department is expected to release the CPI on Wednesday.
SHARE margin financing, which refers to borrowing from a bank or broker to buy shares, can help investors make a profit in an upmarket.
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.
RISK aversion dominated globally due to rising coronavirus cases as well as dwindling prospects of US fiscal aid before the US elections. This led investors to flock to the safe-haven dollar – sending the dollar index to a nearly two-week high, up 0.86% to 93.86.