Strain on global manufacturing eases
LONDON/TOKYO – Euro zone manufacturing activity expanded modestly last month, its first growth since early 2019, and Asia’s pain eased as the contraction slowed in export-reliant nations, adding to hopes the sector is emerging from the hit of the coronavirus … Continue reading Strain on global manufacturing eases
China to follow Phase One trade deal
WASHINGTON – China has promised to follow the Phase One trade deal reached with the United States, Secretary of State Mike Pompeo said on Friday, despite a delay in talks to review progress on the deal. “The Chinese have done … Continue reading China to follow Phase One trade deal
S&P warns of rising risk to China’s recovery
SHANGHAI – Rating agency S&P Global warned on Tuesday that China’s economic recovery from the novel coronavirus pandemic could be at risk as a combination of rising interest rates and slowing inflation pushes real rates higher. An unbalanced recovery, weak … Continue reading S&P warns of rising risk to China’s recovery
Meet the next-normal consumer
New York – As the world begins its slow pivot from managing the COVID-19 crisis to recovery and the reopening of economies, it’s clear that the lockdown has had a profound impact on how people live. The period of contagion, self-isolation, … Continue reading Meet the next-normal consumer
Hong Kong economy to shrink 6 to 8 per cent
Hong Kong – Hong Kong’s economy is expected to shrink by between 6 and 8 per cent this year – in what would be the first back-to-back annual contractions since record-keeping began 1961 – as the city grapples with a third wave … Continue reading Hong Kong economy to shrink 6 to 8 per cent