Economic news

The lower house of parliament of Japan is anticipated to pass on Tuesday the proposed third extra budget for this year. This is despite criticisms that the extra budget is focused on government tourism instead of prioritizing the health sector trying to contain the rise in COVID-19 cases. The 19-trillion-yen ($183 billion) extra budget was […]

Supporting multilateralism and free trade pact, China and New Zealand scored a trade agreement on Tuesday. This trade pact opens the door for exports from the Pacific nation to the world’s second-largest economy. Trade Minister Damien O’Connor said the agreement expands an existing trade deal with China to ensure it remains fit for purpose for […]

Asian share markets reversed from high grounds to trade weakly on Tuesday. Investors’ dampened sentiment was brought by concerns about possible impasses that U.S. President Joe Biden’s $1.9 trillion stimulus package may encounter. In addition to this, the downbeat session dragged U.S. Treasury yields to three-week lows. Majority of Asian markets traded negatively, with South […]

Global green bond issuance touched a historic high of $269.5 billion by the end of last year. More so, it is expected to hit a new record peak of around $400-$450 billion in 2021, a report released by the Climate Bonds Initiative (CBI) showed on Monday. Considered as fixed-income securities, green bonds are dedicated to […]

Asian share markets were seen subdued on Monday. Investors’ downbeat sentiment could be attributed to an increase in coronavirus cases and as pessimism grew over the ability of vaccine makers to provide the pledged doses on time. MSCI’s broadest index of Asia-Pacific shares outside Japan was seen inactive. The index placed below its record peak […]

The dollar steadied on Monday after a recent drop as new worries about the coronavirus pandemic and the global economy urged investors to cling on to the safe-haven currency. The dollar index was flat at 90.172. It rebounded on Friday after reaching 90.043 on Thursday, its weakest level last week. Analysts say the dollar could […]

Oil prices fell for a second consecutive session on Monday as replaced COVID-19 restrictions raised new worries about global oil demand.  Brent crude futures for March delivery slid 0.1%, or 8 cents, at $55.38 per barrel. U.S. West Texas Intermediate crude for March was down 1 cent to $52.26 per barrel. China posted a rise […]

December had seen Japan’s core consumer prices decelerate at the fastest annual pace in a decade. The drop highly underscored worsening deflationary concerns that, in turn, brought in pressures for the central bank to reinforce its measures against the coronavirus crisis. The country’s core consumer price index (CPI) recorded a 1.0% decrease in December year-on-year, […]

Asian share markets eased from milestone peaks on Friday. The weak session could be attributed to investors’ move of taking profits after President-elect Joe Biden’s $1.9 trillion worth of stimulus plan lifted sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan plunged further, ending its afternoon session with a 0.6% decline. The drop came after […]

The dollar was on course for its worst week of the year on Friday as traders cheered in the Biden administration. Investors supported risk assets and boosted bets that a pandemic recovery could push the dollar lower.  The dollar fell nearly 0.8% this week to a one-week low of $1.2173 against the euro on Friday. […]