TOKYO (BLOOMBERG) – Japan’s recovery stalled last quarter, with the economy shrinking more than analysts expected, as renewed restrictions to contain the coronavirus hit shoppers and discouraged business investment, while government outlays fell on the suspension
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FACTBOX-Sudan's external debt burden
CAIRO, May 17 (Reuters) – Sudan is seeking relief on more than $50 billion in external debt, with multilateral and bilateral creditors meeting in Paris in an effort to push the process forward. Debt relief
Read moreChina's industrial output growth slows in April, retail sales miss forecasts
BEIJING (REUTERS) – China’s factory output growth slowed in April from the jump seen in the previous month while retail sales missed analyst expectations, indicating more pressure on the recovery in consumption. Industrial production grew
Read moreIRS to the rescue? Tax audits eyed for infrastructure cash
WASHINGTON — Republicans say they won’t raise taxes on corporations. Democrats say they won’t raise taxes on people making less than $400,000 a year. So who is going to pay for the big public works
Read moreChocolate is about to get more expensive
KUALA LUMPUR (BLOOMBERG) – The meteoric rise in palm oil prices is poised to inflate costs for everyone from restaurants to confectionery and cosmetic manufacturers, and could potentially change consumption patterns. The world’s most consumed
Read moreIMF gives Singapore economy clean bill of health, says risks to continued recovery 'balanced'
SINGAPORE – Singapore has implemented a bold, comprehensive, and coordinated policy response to cushion the impact of the Covid-19 pandemic, with the risks to its continued economic recovery “balanced”, said the International Monetary Fund (IMF). “Should
Read moreSkills mismatch, talent crunch to keep jobs recovery slow
SINGAPORE – Even before the coronavirus struck, it was clear that digitalisation would tilt the balance of jobs growth globally towards industries which will require skills that a majority of the current workforce lacks. And
Read moreUPDATE 1-IMF reports 'notable progress' in Zambia loan talks
(Adds IMF comment, country background, bond move) JOHANNESBURG, May 10 (Reuters) – The International Monetary Fund said on Monday there had been “notable progress” in talks with Zambia on key policy measures to address macroeconomic
Read moreArgentina's Fernandez hopes for new, sustainable IMF deal soon
LISBON, May 10 (Reuters) – Argentina’s President Alberto Fernandez said on Monday he hoped a new, sustainable deal with the International Monetary Fund (IMF) that would allow his heavily-indebted country to develop and take into
Read moreHow firms can better manage emerging risks from remote working
SINGAPORE – The protracted Covid-19 pandemic is no longer just a disruption to the way we work but has transformed permanently the world of work. As we distil the learnings from 2020 to prepare ourselves
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