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AS with previous budgets, businesses and the public will be hoping for lower taxes and more incentives in their Budget 2021 wishlists.
WASHINGTON: The U.S. economy grew at a record pace in the third quarter as the government injected more than $3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the Covid-19 recession could take a year or more to heal.
TOKYO: The Bank of Japan on Thursday trimmed its economic and price forecasts for the current fiscal year but offered an upbeat outlook for a moderate recovery, signalling that it has delivered enough stimulus for the time being.
Asian stocks were set to join a global sell-off on Thursday as worries about surging coronavirus cases in Europe and the United States sent investors scrambling for safe-haven assets
NEW YORK: Oil prices fell more than 5% on Wednesday, sending Brent to a four-month low as surging coronavirus infections in the United States and Europe prompted renewed lockdowns and fed expectations for new declines in fuel demand.
SYDNEY: Australia's central bank will likely expand its government bond buying programme by about A$100 billion ($71.29 billion) at its meeting next week, targeting longer duration securities, according to a Reuters poll of 14 economists.
TOKYO: Oil prices slid more than 1 percent on Wednesday, paring the previous day's gains, as a jump in U.S. crude inventories and surging COVID-19 cases raised fears of an oversupply of oil and weak fuel demand.
Asian markets looked set for another weaker open on Wednesday as worries about a surge in coronavirus cases and dwindling hopes for a U.S. stimulus package kept investors gloomy.
NEW YORK: A gauge of world stock markets dropped and the U.S. dollar slipped on Tuesday as investors grappled with a surge in coronavirus cases and uncertainty over the impending U.S. presidential election