The next five years will also see Vietnam deepen its international integration through the Trans-Pacific Partnership agreement, free trade agreements with the EU and the Republic of Korea, and an FTA with the Russia, Belarus and Kazakhstan customs alliance, and by joining the ASEAN Economic Community next year. … [Read more...] about M&As to spike as economy grows
In a sign Tokyo is preparing for widening fallout, the government also set aside 10 trillion yen ($93 billion) in reserves that can be tapped for emergency spending. Nearly 3 trillion yen ($28 billion) will be spent on vaccine research and the cash handouts to medical workers. … [Read more...] about Japan’s economy just got another $1 trillion shot in the arm
Perhaps the pen is also mightier than the dollar. In its last meeting of the summer, the Federal Reserve announced that it would not aid the struggling U.S. economy with additional monetary stimulus. Instead, it revised its meeting statement's language to indicate that interest rates would remain near zero through mid-2013. Its decision to better define the length of its extraordinary interest rate policy provides certainty that the markets might embrace, but will it be enough to push the economy back towards recovery? … [Read more...] about Fed Tries to Stimulate the Economy With Its Words
FILE PHOTO: People wearing protective face masks walk at the financial and business district of La Defense near Paris as France begun a gradual end to a nationwide lockdown due to the coronavirus disease (COVID-19), May 11, 2020. REUTERS/Gonzalo Fuentes … [Read more...] about French economy could contract 20% in second quarter: INSEE
Of the total 12 cases that were directed to the Insolvency and Bankruptcy Court by the Reserve Bank of India (RBI) in 2017, a resolution has been arrived at in six cases while liquidation orders were passed against two companies. In two companies, resolution has happened but banks have not received payment. Beside, in the case of another company, the resolution plan failed and hence the process has been restarted, a report by CARE rating agency said. … [Read more...] about What does the IBC data tell us about the state of Indian economy?