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South Korea has expanded a social distancing campaign by another two weeks to April 19 to stop the spread of the coronavirus as China came to a standstill to mourn the patients and medical staff who died because of the Covid-19 outbreak.
HONG KONG/SHANGHAI: Chinese shares edged up on Tuesday (March 31) after the country reported a better-than-expected industrial activity, though fears of an economic fallout of the coronavirus pandemic led the stock market to its worst quarter since 2018.
BEIJING: China's central bank on Monday (March 30) cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion yuan (US$7bil) into the financial system to help the world's second-largest economy weather the (Covid-19) coronavirus impact.
SEOUL (Reuters) - South Korea will make emergency cash payments to all but the richest families and draw up a second supplementary budget next month in a bid to ease the drawn-out economic impact of the coronavirus outbreak, President Moon Jae-in said on Monday.
HONG KONG (AFP): Asian equities mostly rose and the dollar extended losses Friday, with traders buoyed by government and central bank pledges to prop up the global economy as the coronavirus sends countries into lockdown.
NEW DELHI/MUMBAI (Reuters) - India's central bank slashed interest rates in an emergency move on Friday to counter the economic fallout from the coronavirus pandemic after the federal government locked down the country in order to slow the spread of infections across the region.
CAIRO (Reuters) - Egypt and its capital Cairo, a mega-city home to some 20 million people, shut down on Wednesday evening as authorities launched a night-time curfew to tackle the spread of the coronavirus.
SEOUL, March 23 (The Korea Herald/ANN) -- South Korea's financial authorities are expected to announce a set of measures this week to help stabilize financial markets roiled by the spread of the new coronavirus, industry sources said Monday.
BANGKOK: The Bank of Thailand cut its benchmark interest rate to a fresh record low in an emergency meeting as the coronavirus outbreak damages the country’s tourism industry and raises the risk of recession.
SEOUL (Reuters) - South Korean President Moon Jae-in pledged 50 trillion won (33.89 billion pounds) in emergency financing for small businesses and other stimulus measures on Thursday to prop up the country's coronavirus-hit economy.