KARACHI: The global economy is heading for a recession with GDP projected to shrink 3.8 per cent in 2020, substantially worse than the 0.4pc contraction during the 2009 global financial crisis, the Institute of International Finance (IIF) said in its latest report.

Production of natural rubber increased 24.7 per cent in July 2020

TOKYO (Reuters) - Japan’s manufacturers remained pessimistic for the 14th straight month in September, and though the gloom eased somewhat the broad results of the Reuters Tankan survey pointed to a painfully slow recovery for the coronavirus-stricken economy.

TOKYO (Reuters) - The British pound flirted with a 1-1/2-month low against the dollar on Monday on fears about no-deal Brexit while investors waited for Japan’s ruling party to choose a successor to Prime Minister Shinzo Abe.

SYDNEY (Reuters) - Asian shares started higher on Monday as hopes of a coronavirus vaccine were rekindled after AstraZeneca resumed its phase-3 trial while sentiment was still cautious ahead of a big week of central bank meetings in UK, Japan and the United States.

TOKYO (Reuters) - Oil prices were mixed on Monday with U.S. crude rising as a tropical storm in the Gulf of Mexico forced rigs to shut down, but the gains were kept in check by wider concerns about excess supply and falling demand for fuels.