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LONDON: India’s central bank governor said he’s ready to act to shield the economy from the coronavirus and reiterated there’s room to cut interest rates if needed.
NEW YORK: Global equity markets slid on Tuesday and the yield on 10-year U.S. Treasuries fell below 1% for the first time after the Federal Reserve cut interest rates to shield the U.S. economy from the impact of the fast-spreading coronavirus.
BEIJING/LONDON/RIYADH: The OPEC club of oil-producing countries begins meeting on Thursday (March 5) in Vienna as they weigh how to react to a sharp drop in global oil demand due to the outbreak of the Covid-19 (coronavirus).
PARIS: The upheaval from the coronavirus outbreak may be the final jolt that the world’s biggest companies need to reevaluate how they operate in a globalised economy, the OECD’s chief economist Laurence Boone said.
PETALING JAYA: As the focus now turns to the country’s new Cabinet, questions also arise over the projects and policies that may potentially be revived, such as the Goods and Services Tax (GST) and the High Speed Rail to Singapore.
TOKYO (Reuters) - Concerns are swirling that Japan's dream of hosting the Tokyo 2020 Olympics could be a fatality of the spread of the new coronavirus, jolting organisers, sponsors, and media firms who have spent billions of dollars in the run-up to the event.
KUALA LUMPUR: The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50%.
GENEVA (AFP): The global death toll from the new coronavirus topped 3,000 on Monday (March 2), as airlines cancelled or reduced flights and stock markets swung wildly.
HONG KONG: Global economic growth will sink to levels not seen in over a decade as the coronavirus outbreak hammers demand and supply, challenging central banks and governments to respond to a fast-changing situation, according to the OECD.