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Italy plans to widen special powers over strategic sectors
MILAN (Reuters) - Italy plans to extend the special powers it has to shield key industries from unwanted foreign interest, a senior government official said on Saturday, adding that the measures would apply to investors from other European Union nations.
Asia update: S. Korea extends social distancing, China in mourning
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.
Spain to extend state of emergency to April 26 as rise in infections slows
MADRID (Reuters) - Spanish Prime Minister Pedro Sanchez said on Saturday he would ask parliament to extend lockdown measures by 15 days until April 26, as the rate of new coronavirus infections and deaths slowed again in one of the world's worst-hit countries.
MARC: Support from private sector crucial
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) concurred with Bank Negara Malaysia’s (BNM) subdued outlook for the Malaysian economy in 2020. KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) concurred with Bank Negara Malaysia’s (BNM) subdued outlook for the Malaysian economy in 2020.
Platts Market Insight: Oil output cuts inevitable, but at what price?
OIL is witnessing an unprecedented, simultaneous demand and supply shock that has the potential to send prices further down as the world runs out of space to store supplies coming to a market that has seen demand crash due to the coronavirus pandemic.
Market is likely still looking for bottom amid rising risk of recession
INVESTORS have been warned: the worst is yet to come.
How dividend stocks behave during a recession
Recessions and bear markets are almost a shoo-in for long-term investing. While we will never be able to guess its exact timeline, what’s certain is that it is around the bend, particularly after an 11-year bull run since the 2008 financial crisis.
Covid-19 pandemic test for financial resilience
A PROLONGED and severe impact from the Covid-19 pandemic remains a key downside risk to the economy and financial stability, Bank Negara says.
Home lenders brace for up to 15 million US mortgage defaults
NEW YORK: Mortgage lenders are preparing for the biggest wave of delinquencies in history. If the plan to buy time works, they may avert an even worse crisis: Mass foreclosures and mortgage market mayhem.
Russian ventilators sent to U.S. made by firm under U.S. sanctions - Russia newspaper
MOSCOW (Reuters) - Ventilators delivered by Russia to the United States for coronavirus patients were manufactured by a Russian company that is under U.S. sanctions, Russia's RBC business daily reported on Friday.