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Indian shares touched record highs on Friday, driven by consumer and IT stocks after data showed a slowdown in monthly inflation and the government assured of more support to ease economic strain caused by the pandemic. ....
The Federal Reserve will announce a plan to taper its asset purchases in September, according to a solid majority of economists polled by Reuters who also said the U.S. jobless rate would remain above its pre-pandemic level for at least a year. ....
Most Asian equity markets continued to ignore record highs hit elsewhere in the world and fell in early trading on Friday, though Australia bucked the trend. ....
Japan's economy will grow this quarter at a much slower pace than previously expected as a resurgence in coronavirus infections is hurting the momentum for a recovery, a Reuters poll found. ....
Australia has long defended its dependence on coal. The fossil fuel provides up to 70% of its power needs and is the country’s second-biggest export. So it’s progress when an establishment figure calls for a concerted effort to wean Down Under off the carbon-spewing black stuff. Trouble is, it’s coming from Graeme Hunt, chief executive of beleaguered, coal-dependent AGL Energy (AGL.AX), whose words could easily be read as a veiled pitch for a taxpayer bailout. ....