Brexit economy: a turbulent year ends on steadier ground

Businesses are also continuing to press the government to make further progress in talks with the EU, despite this month’s breakthrough, warning they will keep hiring and investment plans on ice without greater clarity. Firms want to see a transitional deal to smooth the UK’s exit from the EU as early as possible. However, there […]

Global economy at risk a decade on from financial crisis, says WEF

Britain’s weakest performance was in the macroeconomic environment where the persistence of a large budget deficit meant it ranked 68th in the world. In the other 11 areas, the UK was in the top 20, ranking fourth in technological readiness – the category highlighted by the WEF as essential if countries were to make the […]

Coronavirus chaos has hit the economy and the RBA’s approach to money printing is supposed to save it

The government issues bonds, banks buy those bond and the Reserve Bank then buys those same bonds off the bank. So, for practical purposes, the RBA now owns those bonds and will receive coupon payments from the government … and you could draw a line from the RBA to the government in terms of money […]

Japan vows to fight ‘biggest global crisis since WWII’ with massive coronavirus stimulus package – draft

Global cases of the new coronavirus have passed 1 million and more than 64,000 people have died. Japan has been spared the kind of explosive surge seen in Europe, the United States and elsewhere, with some 3,500 cases and 85 deaths all told as of Monday, but the rate of new infections has been increasing, […]

COVID-19 ravages economy of central Vietnam

Vietnamese economy to grow despite COVID-19: ADB Vietnam’s economic growth rate is expected to slow sharply to 4.8 per cent this year due to the impact of the COVID-19 pandemic, said a new Asian Development Bank (ADB) report released on Thursday.  

Support raised for domestic economy

“As a policy tool, the deposit rate could be used, but it is special and more relevant to the public,” he said. Given the current 5.3 percent headline inflation and the 1.5 percent one-year deposit rate, the real rate for depositors is already below zero. A further decline in the deposit rate will add currency […]

Oak View Group Battles ASM Global in Fight to Be Manchester’s No. 1 Arena

In London, for instance, the 12,500-capacity SSE Arena, Wembley, is the city’s biggest indoor venue after The O2. Greater London also has a population three times the size of Manchester and a superior transport network. In Birmingham, which has a population of just over one million, the 15,800-capacity Arena Birmingham and 15,685-capacity Resorts World Arena are […]

BUSINESS NEWS HEADLINES APRIL 7

In a report recently submitted to the National Assembly Committee on Social Affairs, the association outlines their prediction that between 60% and 80% of its firms will move to temporarily suspend operations by the middle of April, therefore affecting 800,000 workers. This massive number of layoffs could increase to 1.2 million by the end of […]

Japan to sell record extra bonds to fund coronavirus stimulus

The stimulus package includes cash payouts worth 300,000 yen per household facing income declines, corporate financing support totalling 45 trillion yen to help firms continue business operations, and a scheme for private financial institutions to lend to struggling small and midsize firms at zero interest.

Russian firms step up Eurobond issuance amid global easing trend

Russian Railways (RZhD) IPO-RZHD.L, the state-controlled railways operator, as well as a mid-sized lender Sovkombank and State Transport Leasing Company (GTLK) have also hired banks for potential Eurobond deals, according to IFR, a Refinitiv financial data provider, and Interfax.