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Global shares mixed ahead of Fed decision on rates | Borneo Bulletin Online

AP – Global shares were mixed yesterday as markets awaited a decision on interest rates by the Federal Reserve (Fed). France’s CAC 40 inched down less than 0.1 per cent to 7,281.23 and Germany’s DAX added 0.3 per cent to 15,715.93. Britain’s FTSE 100 gained 0.6 per cent to 7,704.97 after the government reported inflation […]

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World shares steady after Wall Street sinks into bear market

World shares steady after Wall Street sinks into bear market
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Japan's economy contracts, but at smaller rate than thought

Japan's economy contracts, but at smaller rate than thought
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India: Facing up to a new wave – ING

According to Robert Carnell – Regional Head of Research (Asia-Pacific) at ING – the development of a new Covid wave threatens both growth and India's

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Asian shares mostly track Wall Street drop on inflation worries

Asian shares mostly track Wall Street drop on inflation worries
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Japan's economy shrinks 5.1 pc as pandemic dries up spending

Tokyo, May 18: The Japanese economy contracted at an annual rate of 5.1 per cent in January-March, slammed by a plunge in spending over the coronavirus pandemic, according to government data released Tuesday.
The Cabinet Office’s preliminary seasonally adjusted GDP, or gross domestic product, showed household consumption dropped at an annualized rate of 5.6 per cent, while government spending declined 6.9 per cent.
Gross domestic product is the sum value of a nation’s products and services. The annualized rate shows what the rise or drop would have been if that same pace had continued for a year.
Much of Japan has been under a state of emergency, centered around early closures of restaurants and bars, to curb the spread of the virus at places where crowds gather.

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Japan's economy shrinks 5.1% as pandemic dries up spending

Japan's economy shrinks 5.1% as pandemic dries up spending
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Japan's economy shrinks 5.1% as pandemic dries up spending

Japan's economy shrinks 5.1% as pandemic dries up spending
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Japan's economy shrinks 5.1% as pandemic dries up spending

Japan's economy shrinks 5.1% as pandemic dries up spending
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Japan's economy shrinks 5.1% as pandemic dries up spending

Japan's economy shrinks 5.1% as pandemic dries up spending
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