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economic recovery

Crude, equities advance on signs of recovery
Markets

Crude, equities advance on signs of recovery

  • London stocks, resuming trade after a long holiday weekend in the UK, were also higher, with shares in heavyweight oil and mining groups in demand on rising commodity prices.
Published 01 Jun, 2021 09:24pm
GDP growth expected to rise 3.94pc as post-Covid recovery strengthens: SBP
Business & Finance

GDP growth expected to rise 3.94pc as post-Covid recovery strengthens: SBP

  • “This rebound was fueled by a well-calibrated policy response,” said SBP.
  • SBP said that it provided a targeted economic stimulus of Rs2 trillion to support the recovery through interest rate cut, principal deferment & loan restructuring, Rozgar payroll finance scheme to prevent layoffs, and concessional finance for investment in industry and health facilities.
Published 24 May, 2021 01:59pm
Japan backs ADB with $15mn for universal health coverage in Asia
World

Japan backs ADB with $15mn for universal health coverage in Asia

  • Addressing the Asian Development Bank's (ADB) annual meeting, Aso underscored the need to support health systems to cope with infectious diseases such as COVID-19 as well as other illness.
  • Promoting universal health coverage will help reinforce health systems to prevent future pandemics, ensuring inclusive and sustainable economic growth in the region with ageing populations, Aso said.
Published 05 May, 2021 06:48pm
Czech central banker Benda sees fewer 2021 rate hikes than projected
Business & Finance

Czech central banker Benda sees fewer 2021 rate hikes than projected

  • "The pandemic shock was rather severe, and I don't believe people will immediately take all their savings and go shopping like crazy," he was quoted as saying by Bloomberg news agency.
  • "The market is reading us very well in the longer term," Benda said. "It's pointless to agonize now over whether the first hike will be in four, five or seven months, as we're living in huge uncertainty."
Published 26 Apr, 2021 05:52pm
Tokyo stocks open lower on virus worries
Markets

Tokyo stocks open lower on virus worries

  • Other automakers were also lower, with Toyota trading down 1.38 percent at 8,302 yen, Honda off 1.71 percent at 3,218 yen and Nissan down 2.55 percent at 543 yen.
Published 21 Apr, 2021 10:57am
Euro zone banks have enough capital to withstand pandemic hit: IMF
Business & Finance

Euro zone banks have enough capital to withstand pandemic hit: IMF

  • The IMF said that based on its January 2021 projections, banks in the 19 countries sharing the euro would stay broadly resilient to the deep recession in 2020 and the partial recovery this year.
  • The aggregate capital ratio is projected to decline from 14.7 percent to 13.1 percent by the end of 2021 if policy support is maintained. Indeed no bank will breach the prudential minimum capital requirement of 4.5 percent, even without policy support.
Published 26 Mar, 2021 05:35pm
Gold prices steady in Asia
Markets

Gold prices steady in Asia

SINGAPORE: Gold prices held steady in Asian trade on Thursday as a stronger US dollar countered concerns that ...
Published 26 Mar, 2021 05:22am