stimulus


Biden’s bridge-building plan can happen without bridge building 

Biden’s bridge-building plan can happen without bridge building 

US President Jo Biden is preparing to push through his $2 trillion infrastructure plan with or without bipartisan support.Energy Secretary Jennifer Granholm said Biden would prefer that his plan had Republican backing but, if it doesn’t, he would probably use a procedural strategy called reconciliation to allow Democrats to pass …

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Markets this week: Political tensions, PMI numbers

Markets this week: Political tensions, PMI numbers

ECONOMIC EVENTSFinancial markets this week will be on edge after Beijing reacted to sanctions imposed by the United States, European Union, Britain and Canada for what they say are human rights violations in Xinjiang region.In another reflection of the US-China tensions, US-listed shares of China-based Baidu Inc and Tencent Music …

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Stimulus rollout, vaccine plan lifts markets 

Stimulus rollout, vaccine plan lifts markets 

HONG KONG: Asian markets were on a sugar high as US President Joe Biden signed the $1.9 trillion stimulus package and said he would direct states to make all adults eligible for the coronavirus vaccine by May 1.But worries about the escalation of US-China tensions over Hong Kong weighed on …

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US stimulus boost to power post-pandemic global revival 

US stimulus boost to power post-pandemic global revival 

Global economies should return to pre-pandemic levels by the middle of the year thanks to accelerating vaccination programmes and the US’s $1.9 trillion stimulus programme, according to the OECD.The Paris-based Organisation for Economic Co-operation and Development said it now expects the world’s economy to grow 5.6 per cent this year …

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Post-Covid stimulus a ‘unique chance to tackle climate change’ 

Post-Covid rescue packages a ‘unique chance to tackle climate change’ 

Post-Covid recovery stimulus need to target green issues more, in what will be a once-in-a-generation opportunity to clean up the planet, say experts. Of a total of $14.9 trillion in stimulus spending announced globally since the pandemic began, so far $1.8 trillion has been set aside to deal with the …

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Australia to continue stimulus 'for years', says central bank head

Australia to continue stimulus 'for years', says central bank head

(ATF) Australia will need to maintain "very significant monetary support" for several years, in the wake of the coronavirus pandemic, the country's top central banker said on Wednesday.The Reserve Bank of Australia (RBA) held its cash rate at a record low 0.1% at its first policy meeting of the year …

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Malaysia to pump another $3.7 billion into its Covid-hit economy 

Malaysia to pump another $3.7 billion into its Covid-hit economy 

Malaysia will introduce 15 billion ringgit ($3.71 billion) worth of additional stimulus measures to support its pandemic-hit economy and fight Covid-19, its Prime Minister Muhyiddin Yassin has announced. Last week, Malaysia declared a state of emergency and imposed a nationwide travel ban and lockdowns in the capital and five states …

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Biden’s $1.5 trillion plan to revive pandemic-hit economy

Biden’s $1.5 trillion plan to revive pandemic-hit economy

President-elect Joe Biden has come up with a stimulus package designed to jump-start the US economy – throwing an economic lifeline that could exceed $1.5 trillion. Biden campaigned last year on a promise to take the pandemic more seriously than President Donald Trump, and the package aims to put that …

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Congress grudgingly approves new stimulus 

Congress grudgingly approves new stimulus 

(ATF) US lawmakers have approved an $892 billion pandemic relief package after months of deadlock that saw Americans grow more desperate as coronavirus inflicted further damage to a fragile economy.Donald Trump is expected to sign the deal into law, ending one of the most rancorous stimulus processes, one that arguably …

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Japan's machinery orders soar in latest sign of economic comeback

Japan's machinery orders soar in latest sign of comeback

(ATF) Core machinery orders in Japan surged in October in the latest sign of recovery from the pandemic, but just as new coronavirus cases are escalating alarmingly in the country.Private sector machinery orders, which exclude volatile ship and utility orders, rose 17.1% month on month, according to government data, well …

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