Economic Recovery

Indonesia exits recession with 7% GDP growth in Q2, but virus clouds recovery

Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts…

4 years ago

Singapore’s DBS bets on post-pandemic recovery, profit up on lower credit costs

Singapore's DBS Group Holdings (DBSM.SI) flagged strong loan growth and lower credit costs ahead after a rebound in its mainstay…

4 years ago

UK mortgage lending booms but consumers stay wary about debt

British mortgage lending showed a record surge in June as home-buyers rushed to qualify for a tax break before it…

4 years ago

Fed says economic recovery remains on track despite COVID-19 surge

The U.S. economic recovery is still on track despite a rise in coronavirus infections, the Federal Reserve said on Wednesday…

4 years ago

China’s industrial profit growth slows in June on high raw material prices

Profit growth at China's industrial firms slowed for the fourth straight month in June, as high raw material prices weighed…

4 years ago

EXCLUSIVE BHP delivers final offer to workers at Chile’s Escondida copper mine -memo

Labor contract negotiation at Chile's Escondida mine, the world's largest copper deposit, entered into a critical phase on Monday with…

4 years ago

Wall Street reverses losing streak on renewed hopes of economic revival

Wall Street rebounded on Tuesday, snapping a multi-day losing streak as a string of upbeat earnings and revived economic optimism…

4 years ago

U.S. recession ended in April 2020, making it shortest on record

The U.S. recession touched off by the coronavirus lasted only two months, ending with a low point reached in April…

4 years ago

Biden says inflation temporary; Fed should do what it deems necessary for recovery

U.S. President Joe Biden on Monday said an increase in prices was expected to be temporary, but his administration understood…

4 years ago

Wall Street ends sharply lower as Delta variant sparks new lockdown fears

A surge in Delta variant infections sparked a broad sell-off on Wall Street on Monday as investors feared renewed COVID-19…

4 years ago