Asia economy

  1. Coronavirus: 'Fashion box money will feed my family'

    Angie Brown

    BBC Scotland news reporter

    Fatema Begum

    A Bangladeshi garment worker says a "fashion box" scheme set up by an Edinburgh business will help her feed her family.

    Fatema Begum, 30, is one of an estimated two million garment workers in Bangladesh who lost their jobs during the coronavirus crisis.

    The mother-of-two who is the sole earner for her family told BBC Scotland she lost her job in April.

    "It has been really difficult, my family is dependent on me, but now we are all helpless," she said.

    Read interview here

    Fatema Begum
  2. Coronavirus: Chinese economy bounces back

    Video content

    Video caption: China's economy grew 3.2% in the second quarter following a record slump

    China's economy grew 3.2% in the second quarter following a record slump.

  3. Asian shares up on recovery outlook

    A child in front of a stock exchange electronic board in Huaibei, China
    Image caption: A child plays at a stock exchange in Huaibei, China

    Most share markets in Asia rose on Thursday on hopes that massive global economic stimulus and waning coronavirus infections in a US hotspot will lead to an economic rebound in the second quarter of this year.Australia's S&P/ASX 200 jumped 1.81%, Hong Kong's Hang Seng index was up 0.50% and the Shanghai Composite index rose 0.26%.

    But Japan's Nikkei 225 bucked the trend, easing 0.55% in morning trade after the government this week declared a state of emergency for Tokyo and other urban areas related to the spread of the coronavirus."There are signs that infections are peaking, which is leading to the change in market sentiment," Masayuki Kichikawa, from Sumitomo Mitsui Asset Management in Tokyo, told Reuters.The upbeat view for a rebound came as New York state Governor Andrew Cuomo said the financial capital of New York City was witnessing a flattening curve of cases as social distancing measures were working.

  4. Asia shares ease after two days of gains

    Ed Lane

    BBC Business reporter, Singapore

    A man rides a bicycle past an electronic share quote board in Tokyo

    A summary now on the economic situation across Asia.

    Shares in Asia fell early Wednesday after two straight days of gains. That's being driven by volatile oil prices and continued concern over the spread of the coronavirus.

    Japan's Nikkei 225 slipped 0.7%, South Korea's KOSPI fell 0.8% nd Hong Kong's Hang Seng index dipped nearly 0.3%. The early losses in Asia followed declines in the US overnight with the Dow down 0.1%, S&P 500 off 0.2% and the Nasdaq Composite 0.3% lower.

    Continued uncertainty on oil production plans by Russia and Opec leader Saudi Arabia has seen volatile trade with global benchmark Brent crude up 2.3% in early Asia at $32.59 per barrel after a 3.6% decline overnight.

    A meeting on Thursday between Opec and ally Russia may move to curb production, after a failure to agree on cuts in March sent oil into a tailspin.