Economy2 hours ago (Mar 09, 2020 12:45AM ET) (C) Reuters. Germany Boosts Investments to Bolster Economy Amid Virus Fallout (Bloomberg) — The government of German Chancellor Angela Merkel has taken its first steps to help companies and workers affected by the fallout from the coronavirus outbreak and will invest an additional 12.4 billion euros ($14.1 […]Read More
Economy2 hours ago (Mar 09, 2020 12:40AM ET) (Bloomberg) — Japan’s biggest contraction in more than five years adds to escalating concerns among policy makers about the length of a likely recession in the world’s third-largest economy as the impact of the coronavirus and a plunge in oil prices causes markets to slide and the […]Read More
2/2 2/2 (Bloomberg) — The Trump administration is drafting measures to blunt the economic fallout from coronavirus and help slow its spread in the U.S., including a temporary expansion of paid sick leave and possible help for companies facing disruption from the outbreak, according to three people familiar with the matter. The economic package is […]Read More
(Bloomberg) — Saudi Crown Prince Mohammed bin Salman’s dramatic one-two punch against perceived rivals at home and abroad is sending shock waves through the royal family, fueling turmoil in global markets and underscoring the de-facto ruler’s own concerns about his grip on the oil-rich kingdom. On Friday, Saudi authorities rounded up the brother and a […]Read More
Economy2 hours ago (Mar 09, 2020 12:21AM ET) By Tushar Goenka BENGALURU (Reuters) – India’s retail inflation likely cooled from recent highs to a three month low in February, due to moderating food prices, but remained above the Reserve Bank of India’s target band, a Reuters poll of economists found. Inflation eased to 6.80%, significantly […]Read More
Economy3 hours ago (Mar 08, 2020 11:46PM ET) SYDNEY (Reuters) – Airport passenger traffic in the Asia-Pacific region is expected to take a 24% hit in the first quarter from the coronavirus, leading to a $3 billion decline in airport revenue and placing pressure on growth projects, an industry group said on Monday. Airports Council […]Read More
Economy3 hours ago (Mar 08, 2020 11:06PM ET) By Megan Davies NEW YORK (Reuters) – The words “bear market” and “recession” are being used with increasing frequency as investors try to assess how badly the coronavirus outbreak will damage global growth and to what extent it could further weigh on asset prices. The accelerating outbreak […]Read More
By Wayne Cole SYDNEY (Reuters) – Global share markets tumbled on Monday as panicked investors fled headlong to bonds to hedge the economic trauma of the coronavirus, and oil plunged more than 30% after Saudi Arabia opened the taps in a price war with Russia. Investors drove 30-year U.S. bond yields beneath 1% on bets […]Read More
Stock Markets6 hours ago (Mar 08, 2020 08:31PM ET) By David Shepardson WASHINGTON (Reuters) – Boeing (NYSE:BA) Co’s proposal to leave wiring bundles in place on the grounded 737 MAX has not won the backing of U.S. aviation regulators, a person briefed on the matter told Reuters. Last month, Boeing told the Federal Aviation Administration […]Read More
World6 hours ago (Mar 08, 2020 08:19PM ET) By Toby Sterling and Anthony Deutsch AMSTERDAM (Reuters) – The first hearing in the trial of four fugitive suspects in the downing of Malaysian Airlines Flight 17 was set to start in Amsterdam on Monday, more than five years after the plane was downed in Ukraine. Prosecutors […]Read More
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