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WASHINGTON: The U.S. Federal Reserve on Monday rolled out an extraordinary array of programs to backstop an economy reeling from sweeping restrictions on commerce that scientists say are needed to slow the coronavirus pandemic and ultimately keep more people safe.
NEW YORK: Wall Street's slide deepened on Monday as an unprecedented moves by the U.S. Federal Reserve to shore up credit across the economy proved insufficient to sooth investors' fears about the swiftly-spreading coronavirus.
SHANGHAI: The recent slump in Chinese equities is no buying opportunity for one of the nation’s top performing fund managers.
MANILA: The Philippines is moving to tackle widening fallout from the Covid-19 (coronavirus) outbreak, with the central bank approving the purchase of government securities to help boost state funding and legislators debating President Rodrigo Duterte’s request for extra powers.
SYDNEY/HONG KONG: Asian shares sank on Monday as a rising tide of national lockdowns threatened to overwhelm policymakers' frantic efforts to cushion what is likely to be a deep global recession.
SYDNEY: Asian shares slid on Monday as more countries all but shut down in the fight against the coronavirus, threatening to overwhelm policymakers' frantic efforts to cushion what is clear to be a deep global recession.
THE smell of sea and salt emanated from a bubbling wok as fisherman Mohd Noh Ikanan lifted out a plump blood cockle, pried its shell apart and popped the meat into his mouth.
BANGKOK: The Bank of Thailand is seeking to backstop market stability after a jump in bond yields stoked concerns that stresses are building up.
WITH global economy looking certain to enter into recession, perhaps as early as the second quarter (Q2) of this year, investors are left wondering where to put their money to generate income as practically all asset classes are going through a risk-off cycle.