[Monitor] Coronavirus resurgence drives down consumer confidence

Consumer sentiment in South Korea has shrunk for four months, as the government strengthened rules on social distancing amid the second wave of coronavirus infections.  According to a survey released by the Bank of Korea, the consumer sentimentWant to know more on [Monitor] Coronavirus resurgence drives down consumer confidence click here go to market news source. Market news summary from The Korea Herald Market News.Author: Korea Herald

US dollar near two-month high as investors look to more data, US political developments

US currency futures positions released September 25, 2020 point to more upside in the dollar's recovery. — File pic TOKYO, Sept 28 — The US dollar hovered near a two-month peak against at a basket of currencies today as investors look to a barrage of upcoming economic data and political developments in the United States before making any fresh bets on the US currency.While a rebound in US...

$2.4 Trillion Stimulus Package Proposed in US With Second Direct Payments to Americans

A new stimulus package costing about $2.4 trillion is being prepared in the U.S. that includes a second round of stimulus checks for Americans. Since the first coronavirus stimulus package was signed into law, talks of further relief aid have stalled. This new proposal aims to restart the stimulus package discussion. Nancy Pelosi Plans to Introduce a $2.4 Trillion Stimulus Package House Democrats are reportedly putting together a...

BoT soft loans flounder on interest woes

An interest rate incompatible with banks' financial costs is the main reason the Bank of Thailand's soft loan programme has floundered, according to a source at a state-owned financial institution.Want to know more on BoT soft loans flounder on interest woes click here go to market news source. Market news summary from Bangkok Post Market News.Author: Business

End-of-the-season weariness

NOT being from this part of the world — I know that comes as a surprise to some people — I still think in terms of “seasons,” so it was with a bit of wistfulness that I noted the passing of summer earlier this week. Thanks to this damnable coronavirus, we have now essentially lost two seasons of this year, and by the middle of this week, we...

‘Hot money’ outflows dive to 14-month low

Foreign portfolio investments that left the country sank to its lowest in 14 months in August on lingering uncertainties over the coronavirus disease 2019 (Covid-19) pandemic, according to the Bangko Sentral ng Pilipinas (BSP). Data from the central bank showed on Friday that net outflows of these investments, or “hot money” — so named because of how easily these enter and exit the economy — shrank to $126.76...

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