The Bank of Japan is likely to make a rare projection this month that the world's third-largest economy will shrink this year, as the coronavirus pandemic threatens to push the country deep into recession, sources familiar with its thinking said.
Mexican President Andres Manuel Lopez Obrador said on Wednesday the domestic auto sector can resume operations shortly after the U.S. industry gears up from a coronavirus-led halt, to avoid further disruption to closely interconnected supply chains.
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has accumulated stakes worth about $1 billion in four major European oil companies, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
(RTTNews) - The Singapore stock market on Wednesday snapped the two-day winning streak in which it had advanced more than 180 points or 7.5 percent. The Straits Times Index now rests just beneath the 2,540-point plateau although it's expected to bounce higher again on Thursday.
The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half a billion people into poverty, Oxfam said on Thursday.
OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their efforts to address the slump in prices wrought during the coronavirus pandemic have been complicated by mutual animosity and the reluctance of the United States to join the action.
What happened
Shares of oil producers EOG Resources (NYSE: EOG), Hess (NYSE: HES), and Marathon Oil (NYSE: MRO) tumbled more than 40% in March, according to data provided by S&P Global Market Intelligence.
Asian shares were poised to track Wall Street's gains on Thursday on hopes the coronavirus pandemic is nearing a peak and that governments would roll out more stimulus measures.
Apple AAPL flashed early warning signs to Wall Street about how the coronavirus might impact companies with exposure to China, and that was all the way back on February 17. Since then, the global pandemic has brought much economic activity to a halt and forced giants like Apple
(RTTNews) - The Malaysia stock market on Wednesday ended the two-day winning streak in which it had gathered almost 40 points or 3 percent. The Kuala Lumpur Composite Index now rests just above the 1,360-point plateau although it may rebound on Thursday.
Australian oil and gas firm Viva Energy Group Ltd lowered on Thursday its capital expenditure guidance for 2020 and deferred a share buyback citing restrictions imposed to contain the coronavirus outbreak.
Brazil's health minister said on Wednesday that the country's attempts to purchase thousands of ventilators from China to fight a growing coronavirus epidemic had fallen through and the government is now hoping Brazilian companies can supply the devices.
(RTTNews) - The South Korea stock market on Wednesday snapped the four-day winning streak in which it had jumped more than 130 points or 8.1 percent. The KOSPI now rests just above the 1,805-point plateau although it's expected to bounce higher again on Thursday.
UK-listed companies could cancel about $60 billion in dividend payments this year following Britain's lockdown and calls from regulators to preserve cash during the coronavirus crisis, according to a report by analytics company Link Group.
Home rental firm Airbnb will block British bookings on its platform for the vast majority of customers on Thursday, allowing only key workers to stay in properties for as long as emergency government coronavirus restrictions are in place.
More than half of small manufacturers in England plan to cut jobs despite government programmes to help them through the coronavirus hit to the economy, which many deem insufficient, a survey showed on Thursday.
Three days after India imposed a nationwide lockdown, Devender Singh revved up his motorcycle to deliver meat and eggs to customers - but his heart was in his mouth as he closed in on a police barricade on a deserted New Delhi road.
Reuters
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