ECONOMIC NEWS

Brent crude futures for January climbed $1.06, or 2.7%, to $40.51 a barrel by 0453 GMT and U.S. West Texas Intermediate crude for December was at $38.21 a barrel, up $1.07, or 2.9%.Oil recovered from a 4% decline on Friday, rising along with other financial markets...

Predictions on the intensity and impacts of environmental issues on various socio-economic aspects must be highlighted in the draft documents to be submitted to the 13th National Party Congress, said deputy head of the Vietnam Environment Administration (VEA) Nguyen...

The Malaysian government led by Prime Minister Muhyiddin Yassin will announce its proposed budget for 2021 on Friday.Battling a renewed Covid-19 outbreak, Malaysia needs greater fiscal support for its economy, but political jockeying could derail the government’s...

The Fed is not likely to make any new policy comments Thursday, but Chairman Jerome Powell is likely to discuss the need for economic stimulus.Stimulus has become a political football, and now the fate of a spending package could be subject to how the election turns...

Brent crude for January was at $36.78 a barrel, down $1.16, or 3.1%, by 0229 GMT, while U.S. West Texas Intermediate fell $1.24, or 3.5%, to $34.55 a barrel.Brent fell as much as 5.8% and WTI as much as 6% in early trade, hitting their lowest levels since May. Oil...

The International Monetary Fund (IMF) has said continuing government support is "essential" for the struggling UK economy to recover. The UK can afford it, and support is needed to see it through the coronavirus pandemic and the Brexit transition, the IMF said....

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...

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...

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...

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...

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, it is not yet clear...

China's economy continues its recovery from the Covid-19 pandemic according to its latest official figures. The world's second-biggest economy saw growth of 4.9% between July and September, compared to the same quarter last year. However, the figure is lower than the...