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Gold tops US$1,600 as virus fuels global growth fears

SINGAPORE: Palladium surged above US$2,800 an ounce, extending its record-breaking rally on forecasts for a widening deficit. Gold is trading near the highest level since 2013 on concerns over the spread of the new coronavirus and how it’s impacting global growth.

Japan's economy shrinks at fastest pace in 6 years, virus clouds outlook

TOKYO: Japan's economy shrank at the fastest pace in six years in the December quarter as a sales tax hike and soft global demand hurt consumption and capital expenditure, keeping policymakers under pressure to prop up growth with additional stimulus.

Chances of recession picking up

WITH the economic fallout mounting from the daily surge in coronavirus (Covid-19) cases, the probability of recession that had been pushed back, has picked up.