Busan vying as relocation site for Hong Kong financial firms

Jun 16, 2020 23:52 pm UTC| Economy

Busan hopes to host multinational banks, asset management companies, and venture capital firms leaving Hong Kong, The city government plans to hold an online investor roadshow in coordination with London-based...

Oil in Global Economy Series

Yemen eyes 25% oil output increase within months

Jun 16, 2020 19:01 pm UTC| Economy

Yemen aims to increase its crude oil production by 25 percent to 75,000 barrels per day in the coming months to recover from the drastically reduced output caused by the civil war. Yemen produced around 127,000 barrels...

Canadian firms rely heavily on bonds to get through crisis

Jun 16, 2020 15:53 pm UTC| Economy

Canadas corporate bond issuance between January and May soared 22.5 percent to $57.9 billion as companies rushed to the bond market to safeguard their finances during the pandemic. The bond issuance was at its heaviest...

Japan to allow flights to Vietnam this June

Jun 15, 2020 22:24 pm UTC| Economy

Japan will start easing travel restrictions with a chartered flight to Vietnam this June to transport 250 Japanese businesspeople. The passengers will be exempt from quarantine in Vietnam and their return to Japan if...

Excessive liquidity to raise housing prices, warns S. Korea's finance minister

Jun 15, 2020 18:29 pm UTC| Economy

South Koreas finance minister warned that excessive liquidity could increase property prices after the government pledged to spend 270 trillion won to counter the pandemics aftereffect and the Bank of Korea (BOK) slashing...

Coronavirus recovery: why local markets are key to reviving our locked down town centres

Jun 15, 2020 12:46 pm UTC| Economy

During the early weeks of coronavirus in the UK, there was an obsessive focus on supermarkets and how they were handling the pandemic. It was as if traditional retail markets and small shops didnt exist. Many markets and...

Coronavirus exposed fragility in our food system – it's time to build something more resilient

Jun 15, 2020 12:44 pm UTC| Economy

Most people rely on supermarkets, and these megastores dominate our food economy. They are part of a system that depends on large-scale agriculture and production, smooth-flowing international food trade and fast...