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The Financial Express

Search results for: global

Indonesian govt allocates $8b to stimulate economy

Indonesian govt allocates $8b to stimulate economy

-- 2020-03-13 16:08:09

Indonesia announced a 120 trillion rupiah ($8.1 billion) stimulus package on Friday to support Southeast Asia’s biggest economy as the spread of the coronavirus disrupts global activity. The st...

Stimulus hopes pull global stocks back from abyss

Stimulus hopes pull global stocks back from abyss

REUTERS 2020-03-13 15:32:30

Stocks plunged on Friday with coronavirus panic selling hitting nearly every asset class, before finding some kind of floor as hopes turned to a US stimulus package. European and US stock futures tra...

Global stocks crash as pandemic panic sweeps markets

Global stocks crash as pandemic panic sweeps markets

REUTERS 2020-03-13 10:26:54

Global stock markets crashed on Friday, ending a years-long bull run, with coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide. Half a trillion dollars in...

Chances of financial crisis not high: Taiwan c bank

Chances of financial crisis not high: Taiwan c bank

-- 2020-03-12 15:05:12

The chances of a financial crisis are not high, Taiwan central bank governor Yang Chin-long told parliament on Thursday, reports Reuters. If the coronavirus continues to spread into the third quart...

Australia announces $11.4b economic stimulus plan to counter virus impact

Australia announces $11.4b economic stimulus plan to counter virus impact

-- 2020-03-12 15:00:49

Australia announced an A$17.63 billion ($11.41 billion) economic stimulus plan on Thursday that includes wage subsidies and cash payments for small businesses, to counter the impact of the coronavirus...

Indian stock market crashes on travel ban

Indian stock market crashes on travel ban

-- 2020-03-12 14:52:57

The Indian stock market crashed on Thursday morning following incessant selling by investors on the United States imposing travel bans as well as India suspending visas amid rising number of COVID-19...

ADB headquarters closed after coronavirus scare

ADB headquarters closed after coronavirus scare

-- 2020-03-12 13:52:27

The Asian Development Bank (ADB) closed its headquarters and the Philippines senate went into lockdown on Thursday, after visitors to both buildings in Manila tested positive for the coronavirus. Phi...

World stocks plummet after Trump bans travel from Europe

World stocks plummet after Trump bans travel from Europe

Reuters 2020-03-12 11:11:39

Global shares crumbled on Thursday after US President Donald Trump stunned investors by announcing a temporary travel ban from Europe in an effort to curb the spread of the coronavirus, threatening mo...

BoE cuts main interest rate to 0.25pc

BoE cuts main interest rate to 0.25pc

-- 2020-03-11 16:03:58

The Bank of England (BoE), the central bank of the country, on Wednesday cut its main interest rate from 0.75 per cent to 0.25 per cent as part of a package of measures to cushion the impact of COVID-...

China’s Hubei reverses relaxation policy, to continue transport ban

China’s Hubei reverses relaxation policy, to continue transport ban

Reuters 2020-03-11 11:38:45

Qianjiang city in China’s Hubei province said on Wednesday it will continue with strict transportation bans, revoking a policy of relaxation that was announced on Tuesday. The city said in an a...

UK health minister tests positive for coronavirus

UK health minister tests positive for coronavirus

Reuters 2020-03-11 11:23:37

British junior health minister Nadine Dorries has tested positive for coronavirus and is self-isolating, she said on Tuesday. Dorries said she took “all the advised precautions” as soon a...

Asia shares try to stabilise, pin hopes on policy stimulus

Asia shares try to stabilise, pin hopes on policy stimulus

REUTERS 2020-03-10 14:55:13

Asian shares bounced and bond yields rose from historic lows on Tuesday as speculation of coordinated stimulus from global central banks and governments calmed panic selling. Yields on benchmark US 1...

Alibaba’s Alipay to open up to 40m service providers in three years

Alibaba’s Alipay to open up to 40m service providers in three years

-- 2020-03-10 14:43:12

Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, will open its Alipay mobile app platform to 40 million service providers in China over the next three years and help them digitise thei...

Singapore charges visitors for coronavirus treatment

Singapore charges visitors for coronavirus treatment

-- 2020-03-10 13:17:24

Singapore has started charging visitors for coronavirus treatment, the city-state said as it reported new imported infections involving people who had traveled from neighboring Indonesia. Indonesia,...

Latest on the spread of coronavirus around the world

Latest on the spread of coronavirus around the world

-- 2020-03-10 11:36:00

The number of people infected with the coronavirus topped 114,000 across the world as the outbreak spread to more countries, causing greater economic damage, reports Reuters. DEATHS/INFECTIONS - Mor...

Coronavirus: Qantas cuts almost quarter of flights

Coronavirus: Qantas cuts almost quarter of flights

-- 2020-03-10 11:15:29

Australia's Qantas airline is making deeper cuts to its flights, with Asia and the US hit the hardest. The company said it would reduce international flights by nearly 25 per cent as it sees demand f...

Coronavirus may pull down global FDI by 5.0 to 15.0pc: UNCTAD

Coronavirus may pull down global FDI by 5.0 to 15.0pc: UNCTAD

FE Online Report 2020-03-09 16:01:25

The outbreak and spread of Coronavirus (Covid19) will negatively affect the global flows of foreign direct investment (FDI) in the current and next years. The rate of decline may be minimum 5.0 per...

Sudan’s PM survives assassination attempt in Khartoum

Sudan’s PM survives assassination attempt in Khartoum

-- 2020-03-09 14:29:27

Sudan’s Prime Minister Abdullah Hamdok has survived an assassination attempt targeting his convoy in the capital Khartoum, state television and a source in the cabinet said on Monday. Hamdok ha...

Germany, France close North Korea missions amid coronavirus concern

Germany, France close North Korea missions amid coronavirus concern

-- 2020-03-09 12:12:22

Germany and France withdrew their representatives from North Korea and closed their missions on Monday, the British ambassador there said, amid growing concern in the isolated country about the spread...

World shares trampled in coronavirus panic

World shares trampled in coronavirus panic

REUTERS 2020-03-09 12:03:09

Global share markets tumbled on Monday as panicked investors fled to bonds to hedge the economic shock of the coronavirus, and oil plunged more than 20 per cent after Saudi Arabia slashed its official...

Japan’s Abe, under fire over coronavirus,  to alter law to allow emergency declaration

Japan’s Abe, under fire over coronavirus, to alter law to allow emergency declaration

-- 2020-03-09 11:50:27

Japan is set this week to revise a law allowing Prime Minister Shinzo Abe to declare a formal state of emergency over the coronavirus, if needed, as Abe faces persistent criticism for his handling of...

Mexico reports its sixth case of coronavirus

Mexico reports its sixth case of coronavirus

-- 2020-03-07 12:30:01

Mexican authorities on Friday said they have identified a sixth person infected with coronavirus, a 71 year-old man in the State of Mexico who recently traveled to northern Italy. Deputy Health Minis...

Saudi Arabia detains three senior members of royal family

Saudi Arabia detains three senior members of royal family

-- 2020-03-07 11:39:34

Three senior members of Saudi Arabia's royal family, including the king's brother, have been arrested for unexplained reasons, US media report. Two of the men were among the kingdom's most influentia...

Asian stocks suffer as virus spreads

Asian stocks suffer as virus spreads

REUTERS 2020-03-06 11:47:48

Asian shares and US stock futures fell on Friday following another Wall Street rout as disruptions to global business from the coronavirus beyond China worsened, stoking fears of a prolonged world eco...

Beige Book reports negative impact of coronavirus on US economy

Beige Book reports negative impact of coronavirus on US economy

-- 2020-03-05 12:45:47

The feared spread of Coronavirus has had a negative impact on the US economy, dimming the growth prospect of the economy in the near term, according to the Beige Book. US Federal Reserve (Fed) said...

Philippine inflation slows down to 2.6pc in Feb

Philippine inflation slows down to 2.6pc in Feb

-- 2020-03-05 12:17:57

The Philippines' headline inflation slowed down to 2.6 per cent in February, compared to 2.9 per cent in January and 3.8 per cent in February 2019, the Philippine Statistics Authority said on Thursday...

Asian shares grind higher, virus risks block the way

Asian shares grind higher, virus risks block the way

REUTERS 2020-03-05 11:38:05

Asian shares rallied for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook. Wall...

IMF provides $50 billion to fight coronavirus outbreak

IMF provides $50 billion to fight coronavirus outbreak

-- 2020-03-05 10:23:44

The International Monetary Fund (IMF) has announced $50 billion in funding for countries hit by the coronavirus. The organisation also warned that the outbreak had already pushed this year's global e...

Asian shares struggle despite Fed cut; resurgent Biden boosts US futures

Asian shares struggle despite Fed cut; resurgent Biden boosts US futures

REUTERS 2020-03-04 15:31:23

Asian shares struggled to find their footing on Wednesday and bonds held stunning gains, as an emergency rate cut from the US Federal Reserve seemed to stoke rather than soothe fears over the coronavi...

India's SC allows trade in cryptocurrency, quashes RBI curb

India's SC allows trade in cryptocurrency, quashes RBI curb

-- 2020-03-04 15:28:11

India’s Supreme Court (SC) on Wednesday allowed banks to handle cryptocurrency transactions from exchanges and traders, overturning a ban on such dealings by the central bank. The Reserve Bank...