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.
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.
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.
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 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.
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).
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.