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South Korea's PMI hits decade high as export demand surges

The IHS Markit purchasing managers' index (PMI) rose to 53.2 in January from 52.9 in December, the highest reading since February 2011. The 50-mark threshold separates growth from contraction.

from News-Economic Times https://ift.tt/2Ywvh2i

Trump names lawyers to lead his impeachment defense team

The announcement follows news that Trump had abruptly parted ways on Saturday with the two lead lawyers working on the team.

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Economic slump erodes consensus that shielded Putin

A number of factors eroded the Crimea consensus. The year that Putin annexed Crimea, 2014, his approval ratings at home soared even as European countries, the United States and others responded with sanctions that threatened Russia’s economy.

from News-Economic Times https://ift.tt/39xUXlk

Budget 2021: Govt may spend big to push growth

It has been billed as a Budget like never before, triggering expectations that the government will open the purse strings to nurse the Covid-hit economy back onto a robust growth trajectory with a massive fiscal push.

from News-Economic Times https://ift.tt/3j8E0kD

Myanmar's Aung San Suu Kyi, other senior figures detained in late-night raid

Myanmar leader Aung San Suu Kyi and other senior figures from the ruling party have been detained in an early morning raid, the spokesman for the governing National League for Democracy said on Monday.

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India's budget aiming to revive economy despite limited fiscal headroom

The government is likely to hike import duties on a number of high-end goods in a bid to raise more than 210 billion rupees in revenue, government sources earlier told Reuters.

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Billionaire Steve Cohen quits Twitter, citing threats in GameStop uproar

The small investors, connected on social media, mobilized to take on institutional short sellers of GameStop and other shares, sparking a short squeeze that sent those stock prices surging.

from Stocks-Markets-Economic Times https://ift.tt/39D1onv