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UK consumers, sensing new Covid restrictions, speed up spending
LONDON: British consumers ramped up their spending sharply last month as some households stockpiled and began their Christmas shopping early ahead of possible new coronavirus restrictions, according to surveys published on Tuesday.
UK consumers, sensing new COVID restrictions, speed up spending - surveys
LONDON: British consumers ramped up their spending sharply last month as some households stockpiled and began their Christmas shopping early ahead of possible new coronavirus restrictions, according to surveys published on Tuesday.
China's US$195bil debt splurge has less bang than you might think
BEIJING: China’s burst of local bond issuance is supposed to fund roads, affordable homes and other infrastructure developments that will help support its flagging economy.
Argentina biggest labour group calls strike, raising pressure on Macri
BUENOS AIRES (Reuters) - Argentina's leading labour federation announced plans on Tuesday to stage a one-day general strike on June 25 to protest against government economic policies, raising pressure on President Mauricio Macri as he moves to speed up spending cuts to balance the budget.
Indonesia economy lacks momentum
JAKARTA: Indonesia posted a trade surplus for the fifth straight month in April, but that stemmed from imports tumbling more quickly from a year earlier than exports did, showing that the economy remained sluggish at the start of the second quarter.
Indonesia to speed up spending, tweak monetary policies to revive growth
JAKARTA: Indonesia is taking coordinated steps to revive the worst domestic slowdown since 2009, with the finance ministry promising to speed up infrastructure spending and the central bank preparing a mixture of monetary policy changes.
Thai junta aims for speedy spending to spur growth
BANGKOK: Thailand's cabinet approved a plan on Wednesday to accelerate government spending this fiscal year, especially by investment funds as the junta tries to revive the economy after months of political unrest hit growth last year.
Low oil price hits Malaysian property stocks
THE sliding oil prices, which in turn weakened the ringgit and spooked equity investors, is now feared to reverberate to the property sector, which saw investors shying away from property stocks and underweighing the sector.
China fiscal spending up 26% to US$265.84bil
BEIJING: China’s fiscal expenditure surged 26.1% in June from a year earlier to 1.65 trillion yuan (US$265.84bil), reflecting government efforts to speed up spending to shore up the economy.
