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ONE of the main events of the week was supposed to be Brexit and a possible interest rate cut by the Bank of England.
BANGKOK: Outside China, Thailand has the largest number of patients infected by the novel coronavirus. Unfortunately, the export-reliant US$500bil economy, South-East Asia’s second-largest, was sickly even before the outbreak of the pneumonia-like illness. That reflects simultaneous blows from the Sino-U.S. trade war, the worst drought in decades and a stubbornly strong currency.
Financial markets have gone swiftly from nonchalance to awe in reacting to the fast-spreading 2019-nCoV or new coronavirus
NEW YORK: Global equity markets posted their biggest weekly and monthly loss since August on Friday as growing concerns about the economic impact of the coronavirus outbreak in China sapped risk appetite and lifted the safe-haven Japanese yen and Swiss franc.
WASHINGTON (Reuters) - The United States on Friday lifted sanctions on one of two units of the giant Chinese tanker company COSCO, the Treasury said, partially reversing its punishment to the company for transporting Iranian oil after China raised the issue in trade talks with Washington.
Staying out of the market is not an option, as history shows potential upside on recovery is huge
MUMBAI: India's economy grew five per cent last year, its slowest expansion since the 2008 global financial crisis, official data showed Friday (Jan 31), underlining the challenges facing Prime Minister Narendra Modi's government. But New Delhi said on Friday (Jan 31) it expected a recovery this year, pegging growth at 6.0 to 6.5%.
WASHINGTON/TOKYO: A rapidly spreading virus outbreak in China is emerging as a potentially major new risk to the global economy and leaving policymakers, still grappling with the impact of the Sino-U.S. trade war, fretting over the widening fallout.
LONDON: Royal Dutch Shell is cutting the pace of its vast $25 billion share buyback programme after lower oil and natural gas prices halved its profit in the last three months of 2019, sending its shares to their lowest since July 2017.
SAN FRANCISCO/WASHINGTON (Reuters) - The outbreak of a new virus that originated in the central-Chinese city of Wuhan is likely to slow China's economic growth at least in the near term and could hurt its trading partners around the world.