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S&P 500, Nasdaq hit record closing highs, lifted by China stimulus hopes
NEW YORK: The S&P 500 and Nasdaq rose to record closing highs on Wednesday as optimism that China would take more measures to prop up its economy eased concerns about the economic impact of the Covid-19 coronavirus epidemic.
Indonesia's largest bank eyes higher loan growth in 2020
JAKARTA: Indonesian largest bank by asset, PT Bank Rakyat Indonesia, expects to log a higher loan growth this year which will be supported by the government's rules and accommodating fiscal policies. President Director of PT Bank Rakyat Indonesia Sunarso insisted that the loan expands by 10 to 12% this year.
Lao govt draws up measures to improve business environment
VIENTIANE (Vientiane Times/ANN) - The government has told the business sector that it is pro-actively tackling the remaining issues that are impediments to business operations in Laos.VIENTIANE (Vientiane Times/ANN) - The government has told the business sector that it is pro-actively tackling the remaining issues that are impediments to business operations in Laos.
Shipper Golden Ocean warns on profit, supply chains due to coronavirus
OSLO (Reuters) - Shipping group Golden Ocean warned on Tuesday its profit would be hit by a slowdown in demand due to the coronavirus outbreak in China, sending its shares down more than 3% in early trade.
Everything China is doing to support its virus-hit markets
BEIJING: China’s Cobid-19 (coronavirus) outbreak has been met with a wide-ranging response from policy makers seeking to cushion the economy, support financial markets and bolster investor confidence.
South Korea's Moon flags steps for virus-hit economy, boosting rate cut expectations
SEOUL (Reuters) - South Korea President Moon Jae-in said on Tuesday the government should make an all-out effort to cushion the economic impact from China's coronavirus outbreak, boosting expectations of further monetary easing.
Foreign firms in China voice confidence in growth
SHANGHAI (China Daily/ANN): Foreign-funded enterprises in China have largely resumed operations after the prolonged Spring Festival holidays overshadowed by the Covid-19 epidemic. The companies also are benefiting from policies bolstering businesses to help shore up confidence in the world's second-largest economy.
Chinese support measures buoy world stocks
LONDON: Global shares were buoyant on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors.
Coronavirus: China reports 105 more deaths, taking global toll to 1,775, as new local Communist Party chief urges less bureaucracy
Number of new infections rises again as World Health Organisation says future path of the epidemic is impossible to predictThe contagion has spread to at least 25 other countries, killing five outside mainland China
Hundreds of Americans flown home from cruise ship, 14 with coronavirus
TRAVIS AIR FORCE BASE, Calif./GENEVA (Reuters) - More than 300 American cruise liner passengers, including 14 who tested positive for coronavirus, were flown home to military bases in the United States after two weeks under quarantine off Japan.