Economy

US Inflation Likely to Remain Elevated for up to Four Years - BofA

Global stocks were holding near record highs hours ahead of the reading of May core personal consumption expenditures index.

Jun 26, 2021

By Reuters

Coronavirus

Fed Chief Says Economy Keeps Improving but Warns Delta Variant Can Pose Risks

Powell did not say if the central bank would withdraw the stimulus support for the economy in the near future.

Jun 22, 2021

By Jacob J

Coronavirus

Federal Reserve Keeps Interest Rates Unchanged at Near Zero Level

The central bank also pledged to continue its asset purchase program at least at the current pace of $120 billion per month.

Jun 17, 2021

By IANS

$100 Billion of IMF Funds Could be Reallocated to Help Fund Poor Countries' Covid-19 Fight

The global lender is continuing to study how best richer countries could donate or loan their reserves to benefit poorer nations. Details are expected in early autumn.

Jun 12, 2021

By IBTimes APAC Desk

Coronavirus

US economy expands 1.4% in fourth quarter; corporate profits fall

US Job Openings Soar to Record 9.3 Million but Hiring Stalls Due to 'Safety Net' Lifeline

Though companies have a record number jobs openings, they are struggling to fill the positions.

Jun 8, 2021

By Jacob J

Coronavirus

US Economy Gathers Steam; Jobless Numbers Drop Again

Initial claims for state unemployment benefits fell 38,000 to a seasonally adjusted 406,000 for the week ended May 22.

May 28, 2021

By Reuters

Coronavirus

UN Predicts Robust Economic Growth Globally in 2021 as US and China Rebound Strongly

The UN Department of Economic and Social Affairs predicts the world economy will grow 5.4 percent in 2021 instead of the 4.7 percent forecast in January 2021.

May 12, 2021

By IANS

Coronavirus

US Created Nearly a Million Jobs in April, Economy Gaining Momentum

The Labor Department's closely watched employment report is likely to show the economy entered the second quarter with even greater momentum.

May 7, 2021

By Reuters

Coronavirus

Biden Moots Steep Rise in Taxes for the Wealthy; Capital Gains Rate to Hit 43%

If Biden's proposals are approved by Congress the US will top the global chart in capital gains taxes.

Apr 23, 2021

By Jacob J

Covid Variants Pose Huge Threat to US Economic Recovery

One variant of the virus which is dominant in parts of the US and easily infects younger people, an expert says.

Apr 14, 2021

By IBTimes APAC Desk

Coronavirus

Singapore economy expands by 1.8 per cent in Quarter 1

Singapore Economy Posts Surprise Growth in First Quarter; Outlook Buoyant For Year Ahead

Singapore's economic turnaround followed three straight quarters of contraction as the economy was battered by the coronavirus pandemic.

Apr 14, 2021

By Jacob J

Coronavirus

Indian Man Turns Sex Worker Due to Lockdown Job Loss, Wife Files for Divorce

An Indian woman filed for divorce after she found out that her husband was working as a sex worker after he lost his job in a BPO company.

Apr 12, 2021

By Suman Priya Mendonca

Coronavirus

US Current Account Deficit Hits 12-Year High as Pandemic Disrupts Exports

The Commerce Department said the current account deficit surged 34.8 percent to $647.2 billion in 2020.

Mar 23, 2021

By Reuters

Coronavirus

Turkey attempted military coup: 21 Singaporeans and 127 Malaysians stranded in Turkish airport

Turkish Lira Tumbles After Sacking of Central Bank Head

Saturday, Erdogan abruptly removed Naci Agbal from the post of the central bank governor with a presidential decree.

Mar 23, 2021

By IANS

Japan's economy contracts less than expected 1.1% in fourth quarter

Japan Says RCEP Trade Deal Will Give Its Economy a $140 Billion Boost

The Asia-Pacific trade deal signed last year and covers a third of global trade and population.

Mar 20, 2021

By Jacob J

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BLOGS AND FEATURES

Analysis: US Growth, a Puzzle to Policymakers, Could Pose Global Risks

By Reuters

Previous 1 of Next

Economy

US Inflation Likely to Remain Elevated for up to Four Years - BofA

Fed Chief Says Economy Keeps Improving but Warns Delta Variant Can Pose Risks

Federal Reserve Keeps Interest Rates Unchanged at Near Zero Level

$100 Billion of IMF Funds Could be Reallocated to Help Fund Poor Countries' Covid-19 Fight

US Job Openings Soar to Record 9.3 Million but Hiring Stalls Due to 'Safety Net' Lifeline

US Economy Gathers Steam; Jobless Numbers Drop Again

UN Predicts Robust Economic Growth Globally in 2021 as US and China Rebound Strongly

US Created Nearly a Million Jobs in April, Economy Gaining Momentum

Biden Moots Steep Rise in Taxes for the Wealthy; Capital Gains Rate to Hit 43%

Covid Variants Pose Huge Threat to US Economic Recovery

Singapore Economy Posts Surprise Growth in First Quarter; Outlook Buoyant For Year Ahead

Indian Man Turns Sex Worker Due to Lockdown Job Loss, Wife Files for Divorce

US Current Account Deficit Hits 12-Year High as Pandemic Disrupts Exports

Turkish Lira Tumbles After Sacking of Central Bank Head

Japan Says RCEP Trade Deal Will Give Its Economy a $140 Billion Boost

Analysis: US Growth, a Puzzle to Policymakers, Could Pose Global Risks

Analysis: US Growth, a Puzzle to Policymakers, Could Pose Global Risks

UK Retailers to Trim Jobs and Costs as Consumer Spending Slumps Amid Tight Rates

UK Retailers to Trim Jobs and Costs as Consumer Spending Slumps Amid Tight Rates

China Trims Rates to Revive Growth; Markets Sink on Lower-Than-Expected Cut

China Trims Rates to Revive Growth; Markets Sink on Lower-Than-Expected Cut