by EFSD | Oct 26, 2020 | Economic News
Against a basket of currencies, the greenback trod water in the Asia session, after having fallen broadly last week. Against the risk-sensitive Australian dollar and against the euro it gained about 0.2%.The United States has recorded its highest ever number of new...
by EFSD | Oct 25, 2020 | Economic News
The International Monetary Fund said Asia is forecast to shrink by 2.2% this year — worse than its previous forecast in June for a 1.6% contraction.The downgrade in forecast “reflects a sharper contraction, notably in India, the Philippines, and Malaysia,” the IMF...
by EFSD | Oct 24, 2020 | Economic News
hile California-based Tesla captured popular attention for electric cars, national policy in Beijing encouraged the launch of several rivals in China, the world’s largest auto market.“Over the next five years we anticipate Chinese players across the EV supply chain to...
by EFSD | Oct 22, 2020 | Economic News
Asia Pacific is set to recover from its worst recession in living memory, the International Monetary Fund (IMF) says. Growth forecasts for the region have been downgraded again, this time from -1.6% to -2.2% for this year. However, the glimmer of hope is for a...
by EFSD | Oct 21, 2020 | Economic News
Companies need to step up preparations so they are not “caught out” by new post-Brexit trade rules, the government has said. A public information campaign titled “Time is running out” will urge firms to focus on the 1 January deadline. However,...
