BOJ stands ready to ramp up stimulus if the economy’s recovery is derailed. Reuters
Japan’s economy slipped into recession for the first time in 4-1/2 years in the last quarter, putting the nation on course for its deepest postwar slump as the coronavirus crisis ravages businesses and consumers.
A sharp rise in the number of coronavirus deaths and infections unnerved world markets on Thursday, as traders halted the rally in stocks and retreated to the safety of government bonds and gold.
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
Japan’s government is considering downgrading its assessment of the economy next week as the intensifying Sino-US trade war takes a toll on exports and factory output, a government source with direct knowledge of the matter told Reuters. A downgrade in the crucial monthly report could fuel speculation
As key players in Dubai’s travel and hospitality sectors accelerate efforts to revitalise the tourism industry, several top attractions have opened their doors again to provide diverse experiences to UAE residents and tourists,
Global stocks were mixed on Tuesday ahead of a deadline to agree a pre-election US stimulus package, dealers said. In Europe, London and Paris stocks were higher in afternoon trades but Frankfurt lapsed into the red after an uninspiring performance in Asia.
The UAE has been ranked among the top three global commodity trading hubs, according to Dubai Multi Commodities Centre’s (DMCC), latest Future of Trade 2020 report.