Tag Archives: emerging market countries

South Korea reports more recoveries than coronavirus cases for the first time

South Korea reports more recoveries than coronavirus cases for the first time

SEOUL (Reuters) – South Korea reported more recoveries from the coronavirus than new infections on Friday for the first time since its outbreak emerged in January, as a downward trend in daily cases raised hopes that Asia’s biggest epidemic outside China may be slowing. FILE PHOTO: Quarantine workers in protective …

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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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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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Russian parliament backs changes allowing Putin to run again for president

Russian parliament backs changes allowing Putin to run again for president

MOSCOW (Reuters) – Constitutional changes allowing Vladimir Putin to run for president again in 2024 sailed through Russia’s lower house of parliament on Wednesday, opening the way for him to potentially stay in power until 2036. Screens display the vote results during a session of Russia’s lower house of parliament, …

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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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Judge says downing of MH17 ‘almost incomprehensible’ as murder trial begins

Judge says downing of MH17 'almost incomprehensible' as murder trial begins

AMSTERDAM (Reuters) – A Dutch judge described as “almost incomprehensible” the 2014 shooting down of a Malaysian airliner over Ukraine that killed all 298 passengers and crew on board, as the trial of three fugitive Russians and a Ukrainian began on Monday near Amsterdam. Prosecutors Thijs Berger, Dedy Woei-a-Tsoi and …

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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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