Expectations of a sharp revival of the economy were boosted in the United States with a more than expected consumer spending in the country in July. Analysts however say that the new found momentum in the economy could be lost because of the lingering novel coronavirus pandemic and the stimulus...

With slow improvement of demand around the globe, the Japanese government upgraded its view on exports and output for the month of August which is a second straight month of such an upgrade. Authorities have however cautioned that global and national economic conditions are still severe because of...

Profits for large industrial enterprises in China for the first seven months of 2020 were 3.1 trillion yuan (about $ 450.26 billion), down 8.1% from the same period in 2019, data from the State Statistics Office showed Monday. Revenues for Chinese extractive industries declined 41.6% over the...

According to Eswar Prasad, previously head of the International Monetary Fund’s China division, while achieving an economic decoupling of the United States and China is “a long way away”, it can be appealing for China to be able to move away from a US-centric system.   “These two economies...

Global financial markets were boosted with good news emerging from a trade deal meeting between the United States and China as top officials of both the countries reaffirmed their commitment to a Phase 1 trade deal despite Chinese procurement of American goods was slower than expected according to...

Fintech company Ant Group, a division of Chinese internet company Alibaba, has applied for a simultaneous initial public offering (IPO) on the Hong Kong and Shanghai exchanges, according to documents listed on the Hong Kong stock exchange. In the leaflet, the company did not disclose the size of...

A significant number of residents of Hong Kong are preparing to move to Britain. But many have been stalled their plans because of rising home prices there. According to latest reports, there has been an appreciation of 15 per cent in prices since April.   Hong Kong residents are concerned...

Iraq will be able to increase oil production to 7 million barrels a day by 2025, the country's oil minister Ihsan Abdul Jabbar said on Sunday. "We are now capable of producing 5 million barrels per day. We can reach a production level of 7 million barrels per day by 2025," the INA agency quoted the...

According to data published on Friday, the recovery of the economy of the United Kingdom, battered by the novel coronavirus pandemic, is gathering pace even as borrowings by the government went past the 2 trillion pound ($2.6 trillion) mark and amid growing concern of more lob losses in the near...