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TOKYO: Japanese Prime Minister Shinzo Abe's pledge of "huge" stimulus will involve spending of at least US$137nil financed in part by deficit-covering bonds, sources say on Monday (March 23), joining global efforts to cushion the economic blow from the Covid-19 (coronavirus) pandemic.
HONG KONG: Asian markets were hammered on Monday (March 23) despite massive economic stimulus efforts worldwide, with investors spooked by the relentless march of the Covid-19 (coronavirus) pandemic.
PARIS (Reuters) - French bank Societe Generale's chief executive said some large corporates are drawing on committed credit lines as they try to secure liquidity, but that they are sometimes doing that with no real need.
BEIJING (China Daily/ANN): To stabilise domestic consumption, a major growth driver that has been dampened by the novel coronavirus outbreak, China must come up with more policy measures, including the issue of special government bonds that can increase fiscal spending and boost demand, economists said on Thursday (March 12).
TOKYO: Tokyo stocks rebounded from an earlier sell-off to close higher on Tuesday (March 10) on investor hopes of domestic stimulus measures to alleviate volatility and underpin markets amid similar moves in the United States also aimed at responding to the economic impact of the Covid-19 (coronavirus) outbreak.
BANGKOK (The Nation/ANN): Global banks including UBS Group and Bank of America are broadening their contingency plans across Asia to ensure that they can keep trading and other operations running as the spread of Covid- 19 accelerates outside China.
Feb 12, China Daily/ANN -- The new coronavirus will deliver a sharp punch to China's economy, but it's not "a devastating blow", and recovery will be rapid without long-term damage, said economist Stephen Roach.
BEIJING: The pedestrian path at the foot of the Acropolis hill in the heart of Athens was lit red on Friday evening for an hour. Hundreds of Greeks and Chinese people living in Greece held a gathering and walked around the neighbourhood holding Chinese red lanterns to express solidarity with China in the fight against the Covid-19 (coronavirus) pneumonia outbreak.
BEIJING: With plenty of time at home on his hands during the extended Spring Festival break, Leng Yang came up with an innovative idea involving the use of shells from popular Lunar New Year snacks such as pistachios and almonds, along with sunflower seeds.
BEIJING (China Daily/ANN): Tax authorities in China have published a document that outlines a set of policies to ease the tax burden on individuals and corporates during the novel coronavirus outbreak, including exemptions in individual income tax and value-added tax for certain taxpayers.