Xinhua world economic news summary at 0900 GMT, Sept. 9
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PARIS -- European aircraft manufacturer Airbus handed over 39 aircraft to customers worldwide in August, down by 10 from the previous month, the company said Tuesday.
The delivery spreads out between 35 A320 Family aircraft including the first A321neo to Gulf Air, two A330 including the first A330-900 to Portuguese carrier Orbest and two A350.
Meanwhile, the company registered one new order in August with no cancellations, taking the net orders for the year to 303 aircraft. (Airbus-Delivery-August)
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HONG KONG -- Hong Kong stocks closed down 155.41 points, or 0.63 percent, to 24,468.93 points on Wednesday.
The benchmark Hang Seng Index traded between 24,213.36 and 24,520.92. Turnover totaled 120.76 billion Hong Kong dollars (about 15.58 billion U.S. dollars). (HK-Stock-Close)
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YANGON -- Myanmar's trade with foreign countries through border gates reached over 9.6 billion U.S. dollars as of Aug. 28 in current 2019-2020 fiscal year (FY) which started in October, according to figures released by the Commerce Ministry on Wednesday.
During the period, the country's export via border gates earned over 6.4 billion U.S. dollars, while its import garnered over 3.1 billion U.S. dollars. (Myanmar-Border Trade)
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CANBERRA -- Australia's Deputy Prime Minister Michael McCormack has flagged a "significant" infrastructure investment to boost the nation's economic recovery from COVID-19.
McCormack, who is also the minister for infrastructure, transport and regional development, said that the federal budget for financial year 2020/21, which will be handed down on Oct. 6, will include "significant" new funding for infrastructure projects.
It will come on top of the 100 billion Australian dollars (72 billion U.S. dollars) already committed to the 10-year Infrastructure Investment Program. (Canberra-Australia-COVID-19)
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ISLAMABAD -- The Civil Aviation Authority (CAA) of Pakistan reported a surge in overflight revenue after a substantial decline in new COVID-19 cases in the country.
The overflight revenue of the authority was significantly increased up to 30 million rupees per day due to a surge in air transportation after the reopening of airspace for foreign flights, the CAA said on Tuesday. (Pakistan-Aviation Industry-Revenue)
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BRUSSELS -- The post-pandemic top priority for the European Union (EU) is implementing the recovery package agreed by EU leaders and ensuring that the aid reaches the people, the European Commission's top echelons told the Brussels Economic Forum on Tuesday.
Addressing the annual economic event, executive Vice President of the European Commission Valdis Dombrovskis and European Commissioner for Economy Paolo Gentiloni both stressed the importance of building economies for future generations.
What Europe needs now is a strong and inclusive recovery and it is the objective of the EU's recovery package "to be a ship that keeps afloat in rough seas and gets us through the storm," said Dombrovskis, referring to the 1.85-trillion-euro recovery plan designed to finance measures to make European economies more resilient. (EU-Recovery Plan)
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BRASILIA -- Brazil's financial market raised its forecast of a drop in gross domestic product (GDP) in 2020 from 5.28 percent to 5.31 percent, marking the first setback in the forecast after eight consecutive weeks of improving expectations, the Central Bank of Brazil said on Tuesday.
According to the bank's weekly survey of analysts at leading financial institutions in the South American country, the economic growth forecast for 2021 remained unchanged at 3.5 percent. (Brazil-Economy) Enditem
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