(Adds Sri Lanka comment) LONDON, Nov 27 (Reuters) – Ratings agency Fitch downgraded Sri Lanka’s sovereign debt to “CCC” on Friday, warning that the country was at increasing risk of missing debt payments due to the coronavirus pandemic. Sri Lanka relies on tourism and garment […] The global economic recovery from the Covid-19 pandemic is heading into a critical period as nations balance the need to prop up consumers and businesses against the threat of unmanageable debt, Singapore’s central bank chief said. “The world is now entering a phase where the […] * Asian shares gain 0.4%, Nikkei up 0.9% * European stock futures up 0.15-0.3% * U.S. S&P500 futures up 0.2%, erasing Wednesday’s losses * World stocks on track to make biggest monthly gain ever * 2020 asset performance tmsnrt.rs/2yaDPgn TOKYO, Nov 26 (Reuters) – Asian […] WASHINGTON — The U.S. economy rebounded at a record pace of 33.1% in the July-September quarter, unchanged from the first estimate a month ago. But a resurgence in the coronavirus is expected to slow growth sharply in the current quarter with some economists even raising […] The Colorado Office of Economic Development and International Trade has gone from having its funding on the chopping block this spring to being asked to help distribute tens of millions of dollars to businesses at risk of failing because of the COVID-19 pandemic. “OEDIT is […] BEIJING, Nov 20 (Reuters) – China has extended debt relief to developing countries worth a combined $2.1 billion under the G20 framework, the highest among G20 members in terms of deferral amount, the country’s Finance Minister Liu Kun said on Friday. The China International Development […] BEIJING (REUTERS) – China’s industrial output rose at a faster-than-expected pace in October, while retail sales continued to recover albeit at a slower-than-forecast pace as the world’s second-largest economy emerged from its Covid-19 slump. Industrial output climbed 6.9 per cent in October from a year […] TOKYO, Nov 5 (Reuters) – U.S. Treasury yields fell on Thursday as investors bet the Republicans would retain the control of the Senate and curb any big spending plans by Democrat Joe Biden, seen as just a step away from winning the White House. Biden […] SINGAPORE (REUTERS) – Singapore’s Maritime and Port Authority (MPA) said on Wednesday (Oct 28) it plans to issue up to two new licences for the supply of liquefied natural gas (LNG) bunker fuel to meet growing demand. MPA launched a request for proposal (RFP), with […] (The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own) LONDON, Oct 23 (Reuters) – If Europe’s joint debt sales did lift the euro/dollar exchange rate this week, as some suspect, then the European Central Bank may […]
UPDATE 1-Fitch downgrades Sri Lanka as default fears loom
Global recovery heading into critical period: MAS chief
GLOBAL MARKETS-Asian shares advance as vaccine, recovery hopes triumph soft U.S. data
U.S. economy surges by record 33.1% in third quarter
Colorado Office of Economic Development readies several business assistance programs
China has given $2.1 bln of debt relief to poor countries – finance minister
China factory output grows faster than expected in October
TREASURIES-U.S. bond yields fall as election count points to Washington gridlock
MPA to issue up to 2 new LNG bunker supplier licences
COLUMN-Euro sensitivity to European debt sales may irk ECB: Mike Dolan
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