Tag Archives: China (PRC)

Stimulus hopes pull stocks back from abyss

Stimulus hopes pull stocks back from abyss

SINGAPORE (Reuters) – Stocks plunged on Friday with coronavirus panic selling hitting nearly every asset class, before finding some kind of floor as hopes turned to a U.S. stimulus package. Currency dealers walk past an electronic board showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of …

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Policymakers ramp up support as coronavirus fears shred markets

Policymakers ramp up support as coronavirus fears shred markets

SINGAPORE/WASHINGTON (Reuters) – Governments and central banks readied more emergency measures to tackle the economic impact of the coronavirus on Friday, helping financial markets pare some of their steep losses, while more major events were canceled or postponed. FILE PHOTO: A person wearing a face mask walks along Wall Street …

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Policymakers ramp up support as coronavirus shreds markets

Policymakers ramp up support as coronavirus shreds markets

SINGAPORE/WASHINGTON (Reuters) – Governments and central banks readied more emergency measures to tackle the economic impacts of the coronavirus on Friday as Asian markets suffered their worst weekly crashes since the 2008 financial crisis. FILE PHOTO: A person wearing a face mask walks along Wall Street after further cases of …

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U.S. suspends travel from Europe as coronavirus forces Italy to tighten lockdown

U.S. suspends travel from Europe as coronavirus forces Italy to tighten lockdown

WASHINGTON/GENEVA (Reuters) – U.S. President Donald Trump said the United States will suspend all passenger travel from continental Europe on Friday to limit the spread of the coronavirus after the outbreak was formally declared a pandemic, sending global markets into a tailspin. Trump announced the travel ban on live television …

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Dollar eases, stocks slide on uncertainty over US stimulus plans

Dollar eases, stocks slide on uncertainty over US stimulus plans

NEW YORK (Reuters) – The dollar weakened and global equities markets slid again on Wednesday, with Wall Street sharply lower, as the previous day’s high hopes of government stimulus to tackle the coronavirus soured on the hard reality of still little action. File Photo: A street cleaning operative walks past …

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European stock futures jump as BoE joins rate cut party

European stock futures jump as BoE joins rate cut party

TOKYO (Reuters) – Stock futures in London and across Europe jumped on Wednesday after the Bank of England joined other major central banks in cutting interest rates to offset economic damage caused by the coronavirus outbreak. A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), …

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China’s new coronavirus cases rise on infections from abroad

China's new coronavirus cases rise on infections from abroad

BEIJING (Reuters) – China reported an uptick in new confirmed cases of coronavirus infections, reversing four straight days of fewer new cases, driven by infected individuals arriving from abroad. People wearing protective face masks are seen on a crossroads as the country is hit by an outbreak of the novel …

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Asian shares emerge from rout as stimulus hopes calm panic

Asian shares emerge from rout as stimulus hopes calm panic

SYDNEY/HONG KONG (Reuters) – Asian stocks bounced, and bond yields rose from record lows on Tuesday on hopes that global policymakers would introduce co-ordinated stimulus to cushion the economic impact of a coronavirus outbreak. A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), stands in …

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World stocks toppled by coronavirus shock, oil price crash

World stocks toppled by coronavirus shock, oil price crash

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. FILE PHOTO: A man wearing a protective face …

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As one of China’s ‘Detroits’ reopens, world’s automakers worry about disruptions

As one of China's 'Detroits' reopens, world's automakers worry about disruptions

BEIJING (Reuters) – Automakers across the world face the possibility of extended supply chain disruptions as factories in China stutter back to life after closures due to the coronavirus outbreak. FILE PHOTO: An employee wearing a face mask works on a car seat assembly line at Yanfeng Adient factory in …

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