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KUALA LUMPUR: AmInvestment Research has described the 2020 Economic Stimulus Package, launched by interim Prime Minister Tun Dr Mahathir Mohamad as a soothing balm to the rakyat, businesses and the economy as a whole, that have been affected by the recent Covid-19 outbreak.
SAN FRANCISCO/MEXICO CITY: The Federal Reserve may need to move aggressively to cut borrowing costs to cushion the economy from the effects of the rapid spread of the new coronavirus, which sent global stocks tumbling this week.
NEW YORK: The Dow industrials posted the largest-ever points drop on Thursday as Wall Street led stocks across the globe lower, with traders fretting over the economic impact of the spreading coronavirus.
SYDNEY: For big business, the impact of the new coronavirus epidemic is already being felt worldwide.
SYDNEY: For big business, the impact of the new Covid-19 coronavirus epidemic is already being felt worldwide.
SYDNEY: Asian shares extended losses on Tuesday amid fears the coronavirus was rapidly mutating into a pandemic that could cripple global supply chains and wreak far greater economic damage than first thought.
NEW YORK: Financial markets on Monday ratcheted up bets the U.S. Federal Reserve will be pressed to cut interest rates to cushion a feared hit to economic growth from the spread of the coronavirus, although one official cautioned against expecting the central bank to over-react to short-term market moves.
RICE of gold surged to a seven-year high last week as investors sought a safe haven while volatility saw the S&P500 index close the week at up 20.7%.
SYDNEY: Global shares and oil extended losses on Monday while safe-haven gold soared as the spread of the coronavirus outside China accelerated with infections jumping in South Korea, Italy and the Middle East, in a worrying new development in the outbreak.
NEW YORK/SAN FRANCISCO: In the next economic downturn, the Federal Reserve and other central banks may need to roll out their big guns sooner and use them more aggressively, or risk getting mired in growth-sapping deflation or worse