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
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