News Formal

Asian business confidence rebounds sharply, pandemic casts shadow - Thomson Reuters/INSEAD survey

  • 📰 Reuters
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Business sentiment among Asian firms rebounded in the third quarter as easing coronavirus restrictions lifted sales but lingering uncertainty over the pandemic thwarted a return to business-as-usual, a Thomson Reuters/INSEAD survey showed.

FILE PHOTO: People wearing face masks following the coronavirus disease outbreak walk at a shopping mall in Hong Kong, China July 20, 2020. REUTERS/Lam Yik/File Photo

“We’re recovering with a large dose of uncertainty,” said Antonio Fatas, an economics professor at global business school INSEAD in Singapore. Some 28% of companies in the third quarter were positive about their outlook, the survey showed, up sharply from 7.6% in the second quarter. About 60% of the firms polled said they did not hire or lay off people this quarter, in contrast to the second quarter’s survey in which 63% said they had cut jobs.Companies polled included Australia-listed Oil Search, Indian motorcycle maker Hero MotoCorp and Japanese car maker Suzuki Motor Corp.

Indeed, some investors are shunning Asia’s riskier, high-yielding markets, despite the ample liquidity pumped into the financial system by central banks globally this year.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Guess a short sharp lockdown is better for the economy than seesawing in the West.

If realDonaldTrump reacted as well as most countries to COVID19, the US would be doing better too! We shouldn't always be judged just for having an incompetent leader that fucks his own daughter!

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 2. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Asian stocks set to gain after Wall Street's tech bounceAsian stocks were set to open higher on Wednesday after tech-fueled Wall Street gains although focus is shifting to renewed U.S.-Sino tensions, which could weigh on investor sentiment. Asian stocks are good at math Interesting
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

Asian stocks fall on concerns about fresh lockdowns, banking sectorAsian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks.
Fonte: Reuters - 🏆 2. / 97 Leggi di più »