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Japan's economy shrinks at fastest pace in 6 years, virus clouds outlook

TOKYO: Japan's economy shrank at the fastest pace in six years in the December quarter as a sales tax hike and soft global demand hurt consumption and capital expenditure, keeping policymakers under pressure to prop up growth with additional stimulus.

Chances of recession picking up

WITH the economic fallout mounting from the daily surge in coronavirus (Covid-19) cases, the probability of recession that had been pushed back, has picked up.

Gold holds gain after WHO chief’s ‘tip of the iceberg’ warning

SINGAPORE: Gold steadied after three days of gains as investors weighed the unfolding coronavirus crisis, including a blunt warning from the head of the World Health Organization about the potential for more cases beyond China.SINGAPORE: Gold steadied after three days of gains as investors weighed the unfolding coronavirus crisis, including a blunt warning from the head of the World Health Organization about the potential for more cases beyond China.