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
Abu Dhabi National Energy Company (Taqa), announced on Thursday its earnings for the second quarter of 2020. The company’s revenues reached Dhs3.3 billion for the quarter, reflecting the COVID-19 pandemic ongoing adverse impact on energy markets.
Dana Gas, the Middle East’s largest regional private sector natural gas company, today announced its financial results for the half-year ended 30th June, 2020.
Ras Al Khaimah Tourism Development Authority (RAKTDA), announced a strong upturn in the Emirate’s tourism and hospitality performance during the initial phase of recovery post the COVID-19 pandemic.
Taiwan’s economic growth will likely slow to its weakest in five years in 2020 as consumption and tourism take a hit from the coronavirus pandemic, but the economy is set to rebound next year on improved demand for the island’s exports.