Oil rises on U.S., Europe demand growth optimism
Oil prices rose on Tuesday after more U.S. states eased lockdowns and the European Union sought to attract travellers, helping to offset concerns over fuel demand in India as COVID-19 cases soar. Brent crude futures were $1.30, or 1.92%, higher at $68.86 a barrel at 0943 GMT, after climbing 1.2% on Monday. U.S. West Texas […]
Yellen sees no inflation problem after rate hike comments roil Wall Street
U.S. Treasury Secretary Janet Yellen said on Tuesday she sees no inflation problem brewing, downplaying earlier comments that rate hikes may be needed to stop the economy overheating as President Joe Biden’s spending plans boost growth. The initial comments made by Yellen, a former Federal Reserve chair, deepened a sell-off in tech stocks and pushed […]
U.S. economy accelerates in first quarter; jobless claims edge lower
U.S. economic growth accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course for what is expected will be the strongest performance this year in nearly four decades. Gross domestic product increased at a 6.4% annualized rate last quarter, the Commerce Department said on Thursday in its advance […]
Foreign currency corporate borrowing: Risks and policy responses
Emerging market economies increasingly rely on foreign currency debt, leaving borrowing firms exposed to sudden stops and currency depreciations. This column examines the dynamics of corporate foreign currency borrowing in India using new firm-level data. It finds that interest rate differentials are a strong predictor of foreign currency debt issuance, particularly after the Global Crisis. After the ‘taper tantrum’ of 2013, the Reserve Bank of India introduced new macroprudential policies that were effective at mitigating the riskiest borrowing and reducing the vulnerability of Indian firms.
Commodity Prices to Stabilize after Early 2021 Gains, Supported by Global Economic Recovery
Path of commodity prices depends on pace of recovery and containment of COVID-19 WASHINGTON, April 20, 2021 – Commodity prices continued their recovery in the first quarter of 2021 and are expected to remain close to current levels throughout the year, lifted by the global economic rebound and improved growth prospects, according to the World Bank’s […]
PepsiCo bets on higher soda sales as restaurants reopen
(Reuters) -PepsiCo Inc said on Thursday it expects organic revenue growth to pick up pace in the second quarter, betting on higher soda sales from restaurants that are gradually reopening following the speedy rollout of coronavirus vaccines. A pandemic winner, the company has been benefiting from homebound consumers stocking up their pantries with salty chips, […]
World stocks hit record high as bond yields ease
TOKYO (Reuters) -Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly as the economy reopens.
Does good governance matter for post-pandemic economic growth recovery?
Post-COVID economic recovery could be delayed in countries with poor track records on governance. Many researchers have examined the effects of good governance on economic growth using different methodologies and data sets, and the findings have been contradictory. In our research, we added a new dimension by asking the question: does good governance matter for recovery in growth after a mega external shock like the pandemic?
Banks boost European stocks as recovery hopes grow
(Reuters) – Shares of banks and automakers lifted European shares on Monday as investors continued to move into economy-linked sectors on hopes of a solid economic rebound from the coronavirus downturn.
University-industry collaboration at the heart of knowledge-based economic growth
By Brajesh Panth, Shanti Jagannathan The Republic of Korea and the People’s Republic of China offer 4 lessons for developing countries to strengthen their higher education systems and innovation capacities. Educated and skilled human resources are the backbone that help to build innovative capacities in economies as they move from factor-driven to efficiency-driven and then to knowledge-driven […]
