BEIJING (AP) — Asian stocks were mixed Thursday after Wall Street gained as U.S. lawmakers wrangled over a proposed $2 trillion virus aid package. Market benchmarks in Tokyo and Shanghai declined. Australia and Southeast Asian markets gained. Jakarta jumped 10%. New York futures were lower, with the contract for the S&P 500 down 0.7%, while […]
Tag: economy
Posted inTop Stories
Construction industry to help mitigate impact of COVID-19
“Ongoing construction activities such as housing construction, road construction and other CIP projects are helping to fuel our economy at this time,” stated President Remengesau Jr. while urging continued patronage of local businesses. National government’s FY 2020 Unified Budget had projected $66 million in local revenue this year, primarily derived from tourism and construction activities. […]
Posted inWorld News
Contagion of fear, uncertainty infect financial markets
The rapidly deteriorating health of the financial markets is being driven by a contagion of fear and uncertainty about a global pandemic that’s infecting the economy in ways that seemed unfathomable just a month ago. It almost seems like a distant memory now, but shortly after the President Day’s holiday weekend, the benchmark S&P 500 […]
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Glimpse into presidential candidates’ economic policies
The four declared 2020 presidential candidates held their first public debate organized by Palau Community College this week, giving the public a comparative look at the four candidates’ economic policies. With COVID-19 declared a pandemic and Palau already feeling the pinch of its economic impact, the economic policies of each candidate give the people a […]
Posted inWorld News
Asian markets mixed: Japan skids; China helped by rate cut
BANGKOK (AP) — Markets were mixed in Asia on Monday, with Japan’s benchmark slipping 0.7% after the government reported the economy contracted 6.3% in annual terms in the last quarter. China’s shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of securities and tax […]
Posted inWorld News
Asian markets mixed: Japan skids; China helped by rate cut
BANGKOK (AP) — Markets were mixed in Asia on Monday, with Japan’s benchmark slipping 0.7% after the government reported the economy contracted 6.3% in annual terms in the last quarter. China’s shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of securities and tax […]