A record jump in money flowing into Singapore bank accounts from abroad underlines the city-state's safe haven appeal during the COVID-19 pandemic and political uncertainty in rival financial center Hong Kong, analysts said.
Singapore bank deposits jump as Hong Kong, virus sow uncertainty
Iranian exporters say freight shipping rates to Qatar have surged by up to three times as a result of a coronavirus pandemic that caused a serious halt to the trade in West Asia.
Pandemic causes three-fold surge in freight rate between Iran, Qatar
Iran and Iraq discussed ways to boost economic ties in a meeting on Monday.
Iran, Iraq discuss boosting trade ties
More than two million tons of non-oil products were exported from Iran’s largest port, Shahid Rajaee, in the first two months of the current Iranian year [March 20-May 20].
Official: Two-month exports from southern port reach two million tons
The richest 20 percent of Britons will have reduced their spending by around £23 billion by the middle of June, according to analysis by the New Policy Institute that shows the coronavirus pandemic has allowed the better off an unprecedented opportunity to increase savings and pay down debts.
UK’s richest 20% reduce spending by £23b during lockdown
Saudi Arabia has taken steps to revive economic growth hurt by the COVID-19 pandemic and oil price crash, including making an unprecedented transfer of government funds to the sovereign wealth fund.
Saudi Arabia takes steps to revive economic growth stalled by pandemic, oil price crash
The European Central Bank could announce Thursday hundreds of billions of euros in new bond-buying to keep fighting the pandemic crisis, analysts predicted, as EU governments prepare to wrangle for months over a joint response.
ECB expected to pump up eurozone support as pandemic persists
South Korea's exports dropped for the third consecutive month in May due to the growing economic fallout from the pandemic that has disrupted the global supply chain, data showed Monday, but the extended slump was in part cushioned by the recovery in shipments of chips.
South Korea's exports slump deepens amid pandemic, chips still chug along

Page Generated in 0/0230 sec