IMF raises growth forecasts for rich nations, dims outlook for developing world
The International Monetary Fund on Tuesday maintained its 6% global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for developing countries struggling with surging COVID-19 infections.
China jitters pull Asian stocks to seven-month low
Asia’s stock markets fell to fresh troughs on Tuesday led by a third straight session of heavy selling in Chinese internet giants, while bond and currency markets traded on edge ahead of the Federal Reserve policy meeting.
Asian shares, U.S. yields rise as investors reassess rout
Asian shares and U.S. Treasury yields rose on Wednesday, clawing back some of the week’s losses as investors reassessed economic worries, but the dollar was firm on concerns over the impact of a fast-spreading coronavirus variant.
Stocks falter as virus outbreaks fan global recovery fears
Asian stocks were down early on Tuesday as growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery sent riskier assets, including oil, skidding sharply.
Tokyo bourse overhaul spurs prime market push for Japanese firms
Tighter requirements to stay on the Tokyo bourse’s prestigious main board are forcing Japanese companies to cease long criticised practices such as cash-hoarding and cross shareholdings, even as some investors call for tougher reform.
Japan goes nuclear in bid to stay cool during Summer Olympics
Japan has rebooted extra power plants, including a long-dormant nuclear reactor, and taken other steps to avoid a power crisis as temperatures soar and demand for cooling surges, especially in Tokyo, where the Olympics begin on Friday.
Asian shares lower on U.S. inflation jitters
Asian shares fell on Wednesday after data showing the biggest jump in U.S. inflation in 13 years fuelled some market expectations that the Federal Reserve could exit pandemic-era stimulus earlier than previously thought.
Japan’s Q3 growth forecast cut as new pandemic curbs hit: Reuters poll
Japan’s economy will grow at a slower pace than initially expected in the third quarter, as fresh coronavirus emergency curbs in Tokyo, extending through the Olympic Games, weigh on consumption, a Reuters poll found.
U.S. First Lady to travel to Japan for Olympics – White House
WASHINGTON, July 13 (Reuters) – First Lady Jill Biden will travel to Tokyo for the opening ceremony of the Olympic Summer Games on July 23, the White House said on Tuesday, leading a delegation that will not include her husband, U.S. President Joe Biden. Amid flare-ups of the coronavirus pandemic, officials have banned spectators from […]
Virus variants threaten global recovery, G20 warns
An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world’s 20 largest economies warned on Saturday.
