Mark McCord


IMF slashes Asian forecast

IMF cuts Asia's growth forecast, warns of pandemic-driven risks

(ATF) Asia has emerged from the worst recession in “living memory” but is still expected to post an alarming contraction this year due to the coronavirus pandemic, the International Monetary Fund said Wednesday.The global body said that while some of Asia’s nations were recovering, even after “worse-than-expected outturns in the ...

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Travel bubble first hopes to boost HK, Singapore air industry

Travel bubble first hoped to ease HK Singapore air industry

(ATF) A pioneering flight travel bubble arrangement has been signed between Hong Kong and Singapore, restoring connections between the Asian entrepots that had been grounded to halt following the spread of coronavirus.In what they two cities called a groundbreaking first, passengers will have to undergo a swab test for the ...

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Stocks climb as data signals China recovery strengthening

Stocks climb as data signals China recovery strngthening

(ATF) Asian stocks climbed on Monday after Chinese services data and a new directive to boost the southern Shenzhen tech boomtown stoked optimism that the Chinese economy was recovering strongly.The yuan also slipped, reversing much of its record gains last week, after the People’s Bank of China (PBoC) lowered the ...

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Stocks climb as Trump recovery signs dim volatility woes

Stocks climb as Trump recovery signs dim volatility woes

(ATF) Markets rose across Asia and at the opening of trading in Europe as reports signalling that President Donald Trump’s health is improving after contracting coronavirus raised investor hopes that another bout of volatility might be avoided.Wall Street futures also climbed as expectations gathered for a new stimulus deal in ...

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Brexit has cost City 7,500 jobs and £1.2tn

Brexit has cost City 7,500 jobs

(ATF) Firms in the UK’s financial services sector have shifted 7,500 jobs overseas on concern Brexit will disrupt their activities in Europe.A report by professional services firm EY said 2,850 new jobs had also been created overseas and not the City. Based on public declarations by 24 companies, EY estimated ...

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Stocks rally on Wall Street gains, China optimism

Stocks rally on Wall Street gains, China optimism

(ATF) Asian stocks rallied on Monday as fresh data showed China’s economy continues to grow, buoyed by Wall Street gains at the end of last week amid signs that an agreement may be near on more stimulus for the world’s largest economy.Chinese stocks rose on a spate of bargain-hunting following ...

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Xi’s climate gamble

Xi’s climate gamble

(ATF) Xi Jinping has vowed that China will be carbon neutral by 2060 but with the nation being one of the biggest polluters on Earth and with a coal-power programme expanding, the promise has raised eyebrows and doubts.Analysts question whether such an ambitious plan can be achieved even as others ...

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