The International Monetary Fund will slash its projection for economic growth for one of the world’s fastest expanding regions due to the rapid spread of the coronavirus.
China’s authorities plan stronger steps to revive an economy hit by the spread of coronavirus, as the nation yesterday reported no new locally transmitted infections for the previous day.
Japan’s Prime Minister Shinzo Abe yesterday promised an unprecedented package of steps to cushion the world’s third-biggest economy from the coronavirus pandemic, saying the country was close to a national emergency as infections surged.
When China relaxed financing rules a few weeks ago to help its struggling companies tap capital markets for cash, what ensued was a flurry of issuance announcements not seen in years.
Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fuelled market drop.
The Federal Reserve’s unprecedented step into US corporate bonds helped cure many of the massive dislocations in exchange-traded funds – and may have saved mutual funds from a similar fate.
Qatar has the potential to attract local and international clients as a major medical tourism hub in the region, a health expert has said.
S&P Global Ratings said that its affirmation of Qatar’s 'AA-/A-1+' ratings with a stable outlook is “supported by Qatar’s very strong external and fiscal positions.”
As the shortage of dollars sweeps the globe, cracks are starting to show up in Asia’s emerging markets, despite the hefty foreign-reserve cushions built up over the years.
Asian equities mostly rose and the dollar extended losses yesterday, with traders buoyed by government and central bank pledges to prop up the global economy as the coronavirus sends countries into lockdown.
Revenue is swelling in a key part of JPMorgan Chase & Co’s trading division as its teams stay engaged through violent price swings that have prompted some market players to pull back. The bank’s equity derivatives traders have generated roughly $1.5bn in revenue so far this year