December 8, 2020 - Biz in 60

Japan announces another $708B stimulus package Japan is boosting its stimulus measures with another 708-billion- dollar package to help businesses affected by the pandemic. This brings the total amount set aside to combat the virus fallout to nearly 3-trillion- dollars. Japanese Prime Minister Yoshihide Suga says the fresh stimulus will boost Japan's gross domestic product by around 3-point-6 percent. South Africa exits longest recession in almost three decades South Africa has exited its longest recession in almost 30 years as the economy rebounded more than expected in the third quarter. GDP expanded an annualised 66-point-1 percent from the previous quarter when lockdowns stalled activity. All sectors grew in the July to September period, with mining surging more than 280-percent and manufacturing jumping 210-percent. JD Health shares surge 56% on Hong Kong debut Shares in JD Health have leapt 56-percent on their market debut, valuing the company at 44-billion- dollars. The health-care arm of the Chinese e-commerce giant JD-dot-com has sold 340-million- shares at 9-dollars and 10-cents each.. raising nearly 3-and- a-half billion dollars ahead of trading. The IPO is the largest on the Hong Kong stock exchange so far this year.