Japan's core consumer prices were stubbornly unchanged in July, dashing hopes for a modest rise as the coronavirus pandemic hit household demand and revived fears of a national plunge back into deflation.
Japan's consumer prices mired as deflation specter looms
Colombia sold two-thirds of its gold reserves in a single month just as investors seeking havens against global turmoil were about to drive the metal to a record high.
Colombia sold two-thirds of its gold weeks before a record high
Oil prices rose in early trade on Friday, on track for a third straight week of gains, buoyed by major oil producers’ efforts to hold back output amid concerns about the economic recovery from the coronavirus pandemic.
Oil climbs for third straight week, buoyed by producers holding back output
Simultaneous, unprecedented GDP declines across major economies in 2Q20 revealed the extent of the damage caused by the coronavirus-induced economic crisis, as highlighted in Fitch Ratings' latest '20/20 Vision' chart pack.
Unprecedented GDP declines push major economies into recession
The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David Malpass warned.
World Bank chief warns extreme poverty could surge by 100m
The Central Bank of Iran (CBI) said bond auctions it usually holds on a weekly basis have generated more than $200 million for the week ending on Tuesday, a boost to government efforts to cover a budget deficit that is set to increase because of the economic costs of the coronavirus pandemic.
Iran sells over $200m worth of bonds in weekly auctions
Iran is an energy superpower, holding the world’s largest reserves of oil and gas combined. Oil has been the primary source of foreign currency for decades which, on the flip side, has relegated other industries to the fringes.
Iran’s $4 trillion mining sector holds key to demolishing US sanctions
The Food and Agriculture Organization of the United Nations (FAO) organized a three-day workshop to equip Iranian experts with operational knowledge and skills required to establish a country-level Agricultural Stress Index System (ASIS).
FAO supports Iran to strengthen its national agricultural drought monitoring
The National Iranian Gas Company (NIGC) said its supply of natural gas to power plants across the country increased by two billion cubic meters (bcm) in the four months ending July 21, allowing the country to earn $1 billion from exports of the substituted gas oil.
Export of gas oil saved in power plants earns Iran $1b: NIGC
Asian shares were mostly higher on Wednesday after the S&P 500 logged a fresh all-time high. Markets in Hong Kong were closed due to a tropical storm.
Shares advance in Asia after S&P 500 logs all-time high

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