Covid-19 hit these businesses hardest and this stimulus would be timely, targeted and temporary
Tourism sector needs a short-term VAT cut
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Category Archives: Markets
Market Extra: Here’s why stock-market distress over spiking coronavirus cases is intensifying;
Flare ups of COVID-19 cases in the U.S. are delivering a fresh gut check to Wall Street’s bullish demeanor, since its unprecedented rebound from a coronavirus-ignited downturn back in March.
South Africa: Economy Expected to Contract By 7.2 Percent This Year
[SAnews.gov.za] Finance Minister Tito Mboweni says as a result of the COVID-19 pandemic, the country’s economy is projected to contract by 7.2% in 2020.
Tokyo stocks turn slightly lower amid lack of incentives
Tokyo stocks suffered a modest setback Wednesday amid a dearth of fresh trading incentives.The 225-issue Nikkei average shed 14.73 points, or 0.07 percent, to end …
As Sales Rise, Automakers Ramp Up Production
Demand has been stronger than expected since states began reopening, but some experts worry about the effect of a new surge in coronavirus cases.
Labor Dept. Seeks to Restrict Social Goals in Retirement Investing
A proposed rule would keep plans from increasing risk or decreasing returns in pursuit of “a social or political end,” Secretary Eugene Scalia says. But others say existing law achieves that end.
China to buck global economic downturn in 2020 as coronavirus continues to drive down activity, says IMF
China is expected to post positive growth this year even as the global economy contracts 4.9 per cent in a coronavirus-driven plunge in output, the International Monetary Fund (IMF) said on Wednesday.The IMF’s World Economic Outlook Update estimated China’s economy will grow 1 per cent in 2020, a downgrade of its April forecast, but better than other major e […]
Africa: COVID-19 to Cost Billions in African Exports
[allAfrica] Geneva -COVID-19 is having a profound impact on global trade and the businesses that drive it, says a new report by the International Trade Center (ITC). The report highlights the devastating effect the pandemic is having on the small and medium enterprises so important to Africa’s economies.
IMF says decline in global growth worse than forecast
The International Monetary Fund lowers its economic forecast for this year and next, with Europe facing a big hit.
Rent day arrives for struggling retailers
Shops are due to pay their quarterly rent bill on Wednesday as landlords expect a shortfall.
Cabinet Approves Setting Up Of Rs 15000 Crore Animal Husbandry Infrastructure Development Fund
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved setting up of Animal Husbandry Infrastructure Development Fund (AHIDF) worth Rs. 15000 crore. Government has been implementing several schemes for incentivizing the investment made by dairy cooperative sector for development of dairy infrastructure. However, gove […]
Cabinet Approves 2% Interest Subvention On Prompt Repayment Of Shishu Loans For A Period Of 12 Months
Union Cabinet chaired by Prime Minister Narendra Modi today approved a scheme for interest subvention of 2% for a period of 12 months, to all Shishu loan accounts under Pradhan Mantri Mudra Yojana (PMMY) to eligible borrowers. The scheme will be extended to loans which meet the following criteria – outstanding as on 31st March, 2020; and not in Non-Performin […]
Dollar falls to around ¥106.50 in Tokyo trading
The dollar dropped to around ¥106.50 in Tokyo trading Wednesday, dragged down by softer stock prices and speculation.At 5 p.m., the dollar stood at ¥106.60-60, …
Trade pacts under lens as India seeks to check Chinese imports
Delhi probes trade deals that are leading to preferential rates being lower on finished products.
Berlin and ECB signal end to legal impasse over bond-buying
German finance minister seeks to reassure constitutional court on flagship policy
Foreaders 