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Reuters 2020-03-31 10:21:37
The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update on Monday. The bank said p...
-- 2020-03-30 16:13:12
Australia will spend A$130 billion (64.5 billion pounds) to subsidise the wages of an estimated 6 million people, marking a third tranche of stimulus designed to limit the fallout of the coronavirus p...
REUTERS 2020-03-30 15:41:27
China's central bank unexpectedly cut the rate on reverse repurchase agreements by 20 basis points on Monday, the largest in nearly five years, as authorities stepped up measures to relieve pressure o...
-- 2020-03-30 15:40:40
Greece announced new tax breaks and economic assistance to thousands of businesses and workers on Monday to buffer its economy from a national lockdown triggered by the coronavirus pandemic. Greece&r...
REUTERS 2020-03-29 14:34:39
After a brutal meltdown, some investors have been wading back into US stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict. High-...
-- 2020-03-28 01:05:34
International Monetary Fund Managing Director Kristalina Georgieva in Washington, DC on Friday said "it is clear" that world has "entered a recession as bad or worse" than the global financial cr...
-- 2020-03-27 17:58:03
India’s central bank has slashed its key interest rate by a sizable 75 basis points to 4.4 per cent from 5.15 per cent to ease financing troubles caused by the coronavirus outbreak and help revi...
REUTERS 2020-03-27 12:52:46
India’s already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll...
-- 2020-03-27 12:26:06
US gross domestic product (GDP) increased at an annual rate of 2.1 per cent in the fourth quarter (Q4) in the third or final estimate, unrevised from previous estimates, the US Commerce Department rep...
REUTERS 2020-03-27 09:41:20
Leaders of the Group of 20 major economies pledged on Thursday to inject over $5.0 trillion into the global economy to limit job and income losses from the coronavirus and “do whatever it takes...
-- 2020-03-26 22:04:14
The number of jobs lost around the world due to the coronavirus crisis could be "far higher" than the 25 million the International Labour Organization (ILO) estimated just a week ago, a senior ILO off...
-- 2020-03-26 20:47:22
Saudi Arabia’s King Salman bin Abdulaziz has urged the G20 leaders to boost funding for a coronavirus vaccine, resume the normal flow of goods and services as soon as possible, and help developi...
-- 2020-03-26 19:48:09
The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudde...
REUTERS 2020-03-26 12:51:19
Singapore said on Thursday it was planning for a deep recession due to the coronavirus pandemic as its economy suffered the worst contraction in a decade in the first quarter, reinforcing fears global...
-- 2020-03-25 15:00:14
British consumer price inflation slipped back in February from a six-month high it had reached the month before, reflecting a drop in the cost of fuel and video games that predated the massive current...
-- 2020-03-24 11:25:02
The global economy is expected to contract 1.5 per cent in 2020 amid the ongoing COVID-19 outbreak, according to the forecast released by the Institute of International Finance (IIF) on Monday. The I...
-- 2020-03-22 11:38:56
Italy recorded a jump in deaths from coronavirus of almost 800 on Saturday, taking the toll in the world’s hardest-hit country to almost 5,000. In its latest desperate effort to halt the epidem...
-- 2020-03-20 17:20:14
A global recession – perhaps of record dimensions – is a near certainty due to the COVID19 pandemic, said UN Secretary-General Antonio Guterres. “Our economic response must focus on...
REUTERS 2020-03-20 15:28:29
Asian shares made a partial comeback from a global rout on Friday but still nursed massive losses for the week, while bonds rallied and oil extended its gains. European shares were set for similar ga...
REUTERS 2020-03-20 12:29:39
President Donald Trump will cancel an in-person meeting of G7 leaders at Camp David in June because of the coronavirus and will hold a video-conference instead, the White House said on Thursday. The...
FE Online Report 2020-03-19 12:39:07
The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, a new assessment by the International Labour Organization (ILO) said on Thursda...
REUTERS 2020-03-17 10:36:17
Most Asian shares fell on Tuesday a day after Wall Street’s historic market rout, with fleeting initial gains evaporating as the coronavirus remained a major risk to economic growth. MSCI's bro...
REUTERS 2020-03-16 14:15:14
The US Federal Reserve and its global counterparts moved aggressively with sweeping emergency rate cuts and offers of cheap dollars in a bid to combat the coronavirus pandemic that has roiled markets...
FE Online Desk 2020-03-16 13:10:35
Oracle Corporation (NYSE: ORCL) on Sunday announced fiscal 2020 Q3 results. Total Revenues were $9.8 billion, up 2% in USD and 3% in constant currency compared to Q3 last year. Cloud Services and Lice...
Reuters 2020-03-16 11:28:48
An explosion at a gas processing plant on Sunday killed at least 15 people and destroyed about 50 buildings after a fire broke out in a suburb of Lagos, Nigeria’s commercial capital, emergency s...
-- 2020-03-16 11:21:12
Germany will temporarily introduce border controls on its frontiers with Austria, Switzerland, France, Luxembourg and Denmark from Monday, the government said on Sunday as the country seeks to curb a...
-- 2020-03-14 15:21:05
The US State Department summoned the Chinese ambassador to the United States on Friday to protest against comments by Beijing suggesting the US military might have brought the coronavirus to Wuhan, as...
-- 2020-03-14 15:06:14
The US House of Representatives overwhelmingly passed a coronavirus aid package early on Saturday that would provide free testing and paid sick leave, in a bid to limit the economic damage from a pand...
-- 2020-03-14 11:48:37
South Korea reported more recoveries from the coronavirus than new infections on Saturday for the second day in a row, as a downward trend in daily cases raised hopes that Asia’s biggest epidemi...
-- 2020-03-13 17:13:48
The coronavirus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with international travel likely to slump by a quarter this year, the World Travel and Touris...
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