Asia Business

China stocks end lower amid coronavirus fears, policy hopes limit losses

09h41 China stocks finished the first session of the second quarter lower on Wednesday, in line with broader Asia, though losses were capped by hopes Beijing would unveil more measures to bolster the economy hit. . .  Full story

Israel sells rare 'century bonds' in record $5 bln debt issue

09h29 Israel sold $1 billion of 100-year bonds in international markets as part of a record $5 billion fundraising to finance government aid to help the economy cope with the coronavirus outbreak.. . .  Full story

Japanese stocks tumble on lockdown fears as new fiscal year begins

09h27 Japanese shares plummeted on Wednesday on the first day of the new fiscal year, as investors braced for a potential lockdown of Tokyo, a global recession, and sharp cuts in corporate earnings and dividend. . .  Full story

Risk-hedging Chinese investors push commodities markets to record high trades

08h58 Trading activity on China's commodities markets is skyrocketing as investors increasingly hedge risks, pushing open interest and trading volumes in the futures markets to record and multi-year highs in March following the coronavirus outbreak and. . .  Full story

JGBs rise on BOJ's April buying plan, coronavirus anxiety

08h54 Japanese government bond prices gained on Wednesday after the Bank of Japan's bond buying plan released the day before showed the central bank is likely to increase its scheduled purchase in the market this. . .  Full story

KKR shelves $2 bln sale of Singapore-based Goodpack due to market slump -sources

08h32 KKR & Co has shelved a plan to sell Singapore-based Goodpack, which provides shipping containers and logistics services, after the coronavirus outbreak hit valuations, sources with knowledge of the matter said on Wednesday.. . .  Full story

Asia's factory activity plunges as coronavirus shock deepens

07h30 Factory activity contracted sharply across most of Asia in March as the coronavirus pandemic paralyzed economic activity across the globe, with sharp falls in export power-houses Japan and South Korea overshadowing a modest improvement in. . .  Full story

Indian shares fall as coronavirus cases rise amid nationwide lockdown

07h21 Indian shares fell on Wednesday as the number of coronavirus cases increased in Asia's third-largest economy even as a 21-day lockdown remained in force.. . .  Full story

China stocks firm as fresh stimulus hopes lift risk appetite

06h43 China stocks on Wednesday started the second quarter of the year on a firm note, as investors expected more stimulus measures to counter the economic impact from the coronavirus pandemic.. . .  Full story

PetroVietnam cuts salaries to cope with coronavirus, low oil prices

06h37 Vietnam Oil and Gas Group is cutting employee salaries to rein in costs as it grapples with low oil prices and a coronavirus pandemic that has infected 212 people in the southeast Asian nation,. . .  Full story

Indonesia's inflation rate eases slightly in March, as expected

06h27 Indonesia's inflation rate edged down in March, in line with expectations, as economic activity slowed because of curbs to contain the spread of the coronavirus, data from the statistics bureau showed on Wednesday.. . .  Full story

SE Asia Stocks-Indonesia, Vietnam rise on govt measures to soften virus impact

06h13 Indonesia and Vietnam stocks rose on Wednesday as risk appetite was whetted by government measures to cushion the economic impact of the fast-spreading coronavirus, while Singapore shares slipped following sharp gains in the previous session.. . .  Full story

With Japan on brink of coronavirus emergency, Tokyo could keep schools closed until May

05h55 Japan remains on the brink of a state of emergency as the rate of new coronavirus cases accelerates across the country, its top government spokesman said on Wednesday, amid reports the capital may order. . .  Full story

Australia to subsidise air freight for agri exports to offset virus freeze

05h50 Australia's government said on Wednesday it will spend A$110 million ($67.40 million) to subsidise air freight for exports of agricultural products after flights were severely disrupted due to the global coronavirus pandemic.. . .  Full story

Thailand expects more rice exports as virus outbreak troubles competitors

05h47 Thai rice exporters expect to increase sales as the spread of coronavirus sparks global food security concerns and major competitors face export bans or go into lockdown to battle the outbreak.. . .  Full story

China's Hainan province to offer more than 30,000 jobs this year

05h46 China's southern province of Hainan is offering more than 30,000 jobs, including 470 jobs earmarked for foreigners, as it ramps up efforts to establish its free trade zone this year, official provincial media reported on. . .  Full story

Business NZ/Bank NZ PMI survey postponed due to pandemic

05h18 The Bank of New Zealand-Business NZ's Performance of Manufacturing Index (PMI) survey due on April 17 has been postponed due to the stress on the business community from the coronavirus pandemic.. . .  Full story

Japan's business mood hits 7-year low as virus revives deflation spectre

04h47 Japan's business confidence soured to levels not seen since 2013, a closely watched survey showed, as the coronavirus pandemic hit sectors from hotels to carmakers and pushed the economy closer to recession.. . .  Full story

Japanese shares drop on pandemic worries on first day of new fiscal year

04h43 The Nikkei share average dipped on Wednesday on the first day of the Japanese new fiscal year as investors braced for a global recession, sharp cuts in corporate earnings and dividend payouts.. . .  Full story

S.Korea's March crude oil imports fall 5.2% y/y - preliminary data

04h00 South Korea's March crude oil imports fell 5.2% to 82.5 million barrels from a year earlier, preliminary data from the Ministry of Trade, Industry and Energy showed on Wednesday. Final data. . .  Full story

China factory activity shows minimal growth in March after plunge, still in virus grip

03h47 China's factory activity improved in March after plunging a month earlier, a private survey showed on Wednesday, but the bare minimal growth highlighted the intense pressure facing businesses as the global coronavirus pandemic shuts down. . .  Full story

S.Korea March exports slip as virus hit outweighs surging chip demand

03h15 South Korean exports slipped in March as the coronavirus ravaged the global economy and supply chains although solid chip demand provided a rare bright spot as lockdowns across the world forced millions to use. . .  Full story

Kuwait props up coronavirus-hit economy amid low oil prices

02h56 Kuwait announced measures early on Wednesday aimed at shoring up its economy against the coronavirus pandemic, including soft long-term loans from local banks, and the central bank asked banks to ease loan repayments for companies. . .  Full story

Japan's Abe pledges bold action to avoid return to deflation

02h52 Japanese Prime Minister Shinzo Abe said on Wednesday that the government would take "necessary and sufficient" economic policies to ensure the country does not return to deflation.. . .  Full story

Japan's factory activity shrinks at fastest pace since 2009, new orders slump - PMI

02h47 Japan's factory activity contracted at the fastest pace in about a decade in March, as the world's third-largest economy struggled with a severe downturn in overseas and domestic demand due to the coronavirus crisis.. . .  Full story

Somalia to finalize debt forgiveness in bilateral talks - minister

00h29 Somali Finance Minister Abdirahman Beileh on Tuesday welcomed a decision by the Paris Club, an informal group of wealthy industrialized countries, to forgive at least $1.4 billion, or 67% of the debt owed by. . .  Full story

Egypt's private airlines call for aviation minister to intervene amid coronavirus crisis

00h14 Egypt's private airlines companies appealed on Tuesday to the civil aviation minister to intervene to stop the losses of the companies amid the coronavirus crisis. "The chairmen of the companies called upon the minister of aviation. . .  Full story

Paris Club creditors agree to forgive at least 67% of Somalia's debt -source

31/03 The Paris Club, an informal group of wealthy industrialized countries, on Tuesday agreed to forgive at least 67% of the debts they are owed by Somalia, or around $1.4 billion, a source familiar with. . .  Full story

NZ nearly doubles government bond issuance plans to tackle COVID-19 impact

31/03 New Zealand nearly doubled its forecast for government bond issuance to NZ$25 billion ($14.90 billion) due to the ongoing impact of the COVID-19 on the economy, the treasury department said on Wednesday.. . .  Full story

Qatar's Hamad airport on-site staff temporarily reduced by 40%

31/03 Qatar's Hamad International Airport has temporarily reduced the number of employees onsite by 40%, with most working from home or on annual leave, a Qatar Airways spokesman said on Tuesday, denying a media report. . .  Full story

Saudi Arabia approves IPO stock listings of government assets planned for privatisation

31/03 Saudi Arabia’s government approved in a virtual meeting on Tuesday listing government assets planned for privatisation in stock market TADAWUL after an initial public offering (IPO).. . .  Full story

Saudi Arabia asks Muslims to put haj plans on hold

31/03 Saudi Arabia wants Muslims to wait until there is more clarity about the coronavirus pandemic before planning to attend the annual haj pilgrimage, the minister for haj and umrah said on state TV on. . .  Full story

Keep global food supply chains intact - WTO, UN agencies urge

31/03 Food supply chains must be protected from any trade-related measures taken during the COVID-19 pandemic, the heads of the World Trade Organization (WTO) and U.N. food and health agencies said on Tuesday, warning of possible. . .  Full story

Road transport body sees 800 bln euros in losses amid coronavirus

31/03 A global road transport body said on Tuesday it expects the sector to suffer losses of at least 800 billion euros ($880 billion) over the next year due to falling global trade amid the. . .  Full story

Kazakh president orders more spending to offset impact of coronavirus

31/03 Kazakh President Kassym-Jomart Tokayev ordered the government on Tuesday to increase state pensions and welfare payouts by 10%, provide more tax breaks for small businesses and boost spending on subsidies.. . .  Full story

OPEC March oil output rises from 2009 low after supply pact collapse

31/03 OPEC oil output rose in March from the lowest in more than a decade last month as Saudi Arabia boosted output following the collapse of an OPEC-led suply pact, offsetting further declines in Libya,. . .  Full story

Japanese companies seek funding as coronavirus spreads -MUFG banker

31/03 Japan's biggest bank has seen a surge in companies seeking funding due to the escalating coronavirus outbreak, with some 1,000 companies already asking for financing, the head of Mitsubishi UFJ Financial Group's core unit said.. . .  Full story

March sees India's biggest monthly foreign investor rout ever

31/03 India's markets are set to witness the biggest sell-off by foreign investors in a single month in March, as a 21-day nationwide lockdown to curb the spread of coronavirus raised fears of a devastating. . .  Full story

Chinese-Tajik antimony project delayed by coronavirus

31/03 A Chinese-Tajik antimony and gold mining joint venture has delayed its start-up by about three months, Tajik state metals firm TALCO said on Tuesday, as borders were closed by the coronavirus outbreak.. . .  Full story

Thailand triples cash handouts to $4 bln for workers hit by virus impact

31/03 Thailand's cabinet has agreed to triple the number of workers receiving cash handouts to nine million to help ease the impact of the spreading coronavirus, a government official said on Tuesday.. . .  Full story

Tokyo records most new coronavirus cases in a day as pressure for lockdown builds

31/03 Japan's capital recorded more than 70 new coronavirus infections on Tuesday for its highest tally in a single day, as pressure mounted on the prime minister to order a lockdown.. . .  Full story

COLUMN-China's PMI rebound is more likely the outlier than the template: Russell

31/03 Is the spectacular rebound in China's manufacturing index a hopeful template for the rest of the world once the coronavirus pandemic is contained, or another volatility-affected number best treated with caution?. . .  Full story

Hong Kong bankers and asset managers can work from overseas, says watchdog

31/03 Hong Kong's markets regulator has given its approval for licensed traders and asset managers to work from overseas if necessary because of travel restrictions or other practical problems caused by the coronavirus pandemic.. . .  Full story

-Egypt's current account deficit narrows in Q4 of 2019

31/03 Egypt's current account deficit for the last quarter of 2019 narrowed to $3.19 billion from $3.25 billion in the same quarter of 2018, according to central bank data released on Monday.. . .  Full story

Turkey ramps up stimulus with broader bond buying plan

31/03 Turkey's central bank provided more stimulus for the financial sector and economy on Tuesday, saying it would ramp up government debt buying and offer new pools of cheap funding to stem the fallout from. . .  Full story

Indonesia rolls out nearly $25 bln more spending for coronavirus

31/03 Indonesian President Joko Widodo declared a public health emergency over the coronavirus epidemic on Tuesday and said an additional $24.9 billion would be spent to cushion its impact on Southeast Asia's biggest economy.. . .  Full story

China zeroes in on coronavirus patients with no symptoms as new infections rise

31/03 China will start releasing information from Wednesday on coronavirus patients who show no disease symptoms, ordering them into quarantine for 14 days, a health official said, after the mainland witnessed its first rise in infections. . .  Full story

Asia Distillates-Jet cash discounts widen further amid demand concerns

31/03 Asia's cash differentials for jet fuel weakened further on Tuesday, hitting a more than 11-year low, while traders remain concerned the ailing aviation demand due to the coronavirus would last well beyond the. . .  Full story

Vietnam banks should cut costs, interest rates -cbank

31/03 Vietnamese banks should consider cutting operational costs, bonuses and cash dividends to focus on reducing interest rates amid the spread of the coronavirus, the central bank said on Tuesday.. . .  Full story

China LPG options make Dalian debut, as futures prices hit limit

31/03 China began trading liquefied petroleum gas (LPG) options on the Dalian Commodity Exchange on Tuesday, only a day after the debut of an LPG futures contract, as the bourse experiments with simultaneous launches.. . .  Full story

Japan PM advisers call for massive stimulus amid coronavirus

31/03 Private-sector advisers to Japanese Prime Minister Shinzo Abe urged the government on Tuesday to implement major measures to battle the coronavirus epidemic, paving the way for him to roll out stimulus.. . .  Full story

Indian shares end higher; indexes record worst month since 2008

31/03 Indian shares closed higher on Tuesday, tracking broader Asian markets, but recorded their worst monthly and yearly performance in over a decade as the country grappled with disruption caused by the fast-spreading coronavirus.. . .  Full story

SE Asia Stocks-Worst month since 2008 for most, despite daily gains

31/03 Most Southeast Asian markets recorded their worst monthly drop since 2008 as the coronavirus pandemic pummelled their economies, although strong factory data from China pushed most of the indexes higher on Tuesday.. . .  Full story

China's 'mini-IPO' reform takes on new virus urgency

31/03 One unforeseen outcome from the coronavirus outbreak in China is that it is speeding up capital market reform even as economic activity is gummed up by restrictions to contain its spread.. . .  Full story

Indian doctors fight coronavirus with raincoats, helmets amid lack of equipment

31/03 Shortages of protective health gear in India are forcing some doctors to use raincoats and motorbike helmets while fighting the coronavirus, exposing the weak state of the public health system ahead of an anticipated surge. . .  Full story

Hong Kong February retail sales post record fall on coronavirus spread

31/03 Hong Kong's retail sales fell by a record 44% in February from a year earlier, as travel restrictions kept tourists away and residents avoided shopping centres to prevent the spread of the coronavirus.. . .  Full story

POLL-Egypt central bank seen keeping interest rates on hold this week

31/03 Egypt's central bank is expected to leave its main interest rates unchanged this week as it weighs the impact of an emergency 300 basis point cut two weeks ago to soften the economic impact. . .  Full story

Asia private equity squeezed for funds amid coronavirus outbreak

31/03 Private equity fundraising in Asia has dropped to its lowest since the aftermath of the global financial crisis, as investors are wary to lend capital amid the coronavirus outbreak that has restricted travel and roiled. . .  Full story

Hong Kong stocks post worst quarter since 2015 amid virus concerns

31/03 Hong Kong shares rose on Tuesday on signs that China's economy may be recovering from the coronavirus shock, but deepening fears of a global recession sent them to their worst quarter since 2015.. . .  Full story

Philippines' nickel mining hub to suspend operations due to coronavirus

31/03 Mining operations in the Philippines' southern province of Surigao del Norte, home to most of the country's nickel mines, will be suspended from April 1 as part of efforts to prevent the spread of. . .  Full story

Most major Gulf markets extend losses; banks boost Saudi

31/03 Most major Gulf stocks indexes fell on Tuesday, extending losses from the previous session, as nervous investors continued to sell due to weak oil prices, while bargain buying supported Saudi equities.. . .  Full story

Nikkei falls amid lockdown fears, sees worst quarter since late 2008

31/03 Japanese stock benchmark Nikkei dropped on Tuesday on growing fears that Tokyo could go into its first-ever lockdown as the global coronavirus crisis showed no signs of abating.. . .  Full story

China stocks suffer worst quarter since 2018 as coronavirus worries deepen

31/03 Chinese shares edged up on Tuesday after the country reported a better-than-expected industrial activity, though fears of an economic fallout of the coronavirus pandemic led the stock market to its worst quarter since 2018.. . .  Full story

Indonesia plans to relax budget deficit limit amid coronavirus

31/03 Indonesia is planning to issue an emergency regulation to allow the government to manage a wider fiscal deficit and increase spending in response to COVID-19, a move that will effectively revise the state finances law,. . .  Full story

Thai Jan exports rise 3.6% y/y, current account surplus widens -

31/03 Thailand's current account surplus was $5.4 billion in February, up from a surplus of $3.44 billion in the previous month, the central bank said on Tuesday.. . .  Full story

China factory activity unexpectedly expands, but economy cannot shake off virus shock

31/03 Factory activity in China unexpectedly expanded in March from a collapse the month before, but analysts caution that a durable near-term recovery is far from assured as the global coronavirus crisis knocks foreign demand and. . .  Full story

Facing shortages, India bets on China for swift ramp-up of protective health gear - sources

31/03 India will buy ventilators and masks from China to help it deal with the coronavirus, a government official said on Tuesday, even though some countries in Europe had complained about the quality of the. . .  Full story

Asia dealmakers look to take-privates, distressed sales as M&As slump to 7-year low

31/03 Asia's dealmakers are looking to distressed sales and a pick-up in take-private deals after fallout from the coronavirus outbreak sent first-quarter M&A activity to a seven-year low.. . .  Full story

Dubai banks to help customers cope with fallout of coronavirus pandemic - state news agency

31/03 Dubai-based banks will implement measures to help customers cope with the fallout from the coronavirus pandemic, the United Arab Emirates (UAE) state news agency WAM reported.. . .  Full story

JGBs tick down on last day of fiscal year, weighed down by debt issuance worries

31/03 Japanese government bond prices dipped on Tuesday, the last day of the Japanese financial year, weighed down by worries about a probable increase in government debt issuance to finance its massive stimulus.. . .  Full story

Shareholders of Abu Dhabi-listed CBI decline board proposal for capital hike

31/03 Shareholders of Abu Dhabi-listed Commercial Bank International, which is part owned by Qatar National Bank, have declined a proposed by the board to increase the capital of the company, according to a regulatory filing on. . .  Full story

Indian shares track Asian peers higher; China data lifts sentiment

31/03 Indian shares edged up on Tuesday, tracking broader Asian peers, after upbeat factory data from China gave investors hope of a rebound in activity, despite a spike in coronavirus cases back home.. . .  Full story

China stocks climb as factory activity rebounds, spurs hopes of recovery

31/03 China shares climbed on Tuesday after the country reported a better-than-expected industrial activity, spurring hopes that the world's second-largest economy is starting to recover from the shock of the coronavirus pandemic. ** At the midday break,. . .  Full story

Alibaba plans to buy at least 10% stake in Chinese courier Yunda -sources

31/03 Alibaba Group Holding Ltd plans to buy at least 10% of Yunda Holding Co Ltd , marking the e-commerce giant's fifth investment in a large courier, two people with knowledge of the matter told Reuters.. . .  Full story

Malaysian palm oil groups urge Sabah state to allow work to resume

31/03 Two Malaysia palm oil grower groups on Tuesday asked the government of Sabah, the country's biggest palm producing state, to reconsider the extension of an order suspending palm operations as part of coronavirus containment efforts.. . .  Full story

Nikkei gains but on track for worst month in 15 months

31/03 Japanese stock benchmark Nikkei gained on Tuesday as Wall Street stabilised and factory data from China held out the hope of a rebound in activity, even though the global coronavirus crisis showed no signs. . .  Full story

Philippines plans rice imports to boost stocks for coronavirus fight

31/03 The Philippine government is looking to import 300,000 tonnes of rice to ensure sufficient domestic supply of the staple while it seeks to contain the spread of the coronavirus in the Southeast Asian country,. . .  Full story

Hong Kong Feb home prices fall the most in 15 months as virus spreads

31/03 Hong Kong private home prices in February posted the biggest monthly decline since November 2018, falling 2.1% as the coronavirus spread across the financial centre.. . .  Full story

Savage sell-off in Chinese dollar bonds lures bargain hunters

31/03 Dollar bonds sold by Chinese companies have rebounded sharply on bets by fund managers that a plunge in prices amid market chaos and a scramble for dollars was overdone as China's economy begins to pick. . .  Full story

Tencent-backed online education firm Yuanfudao raises $1 bln in new round

31/03 Chinese online education platform Yuanfudao said on Tuesday it has raised $1 billion in a new financing round, led by Tencent Holdings and private equity firm Hillhouse Capital Group.. . .  Full story

Tokyo lockdown would have 'huge' impact on economy - Nishimura

31/03 A lockdown of major Japanese cities like Tokyo and Osaka to halt the spread of the coronavirus would have a "huge" impact on the economy, Yasutoshi Nishimura, the country's economy minister, said on Tuesday.. . .  Full story

Pandemic to hit growth in Asia, China -World Bank

31/03 The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update on Monday.. . .  Full story

Japan's factory output slows, plunge seen as virus grips economy

31/03 Japan's industrial output rose in February at a slower pace than the previous month and factories expect production to plunge in March, adding to growing signs the coronavirus pandemic is taking a toll on. . .  Full story

China's service sector activity expands in March after virus shock - official PMI

31/03 China's services activity expanded in March after slumping to a record low the previous month, but business is expected to take some time to return to normal as the economy struggles to recover from. . .  Full story

G20 financial chiefs to discuss steps on virus Tuesday -Japan finmin

31/03 Financial leaders from the Group of 20 major economies will discuss ways on Tuesday to proceed with concrete steps to respond to the coronavirus, Japanese Finance Minister Taro Aso said.. . .  Full story

China cbank adviser suggests China not set GDP growth target this year

31/03 China should not set an economic growth target this year given the high level of uncertainty from the coronavirus pandemic and avoid having to resort to "flood-like stimulus" to meet the goal, a central. . .  Full story

Samsung says chip factory worker tests positive for virus, output not affected

31/03 Samsung Electronics Co Ltd said on Tuesday that one of its chip factory workers in South Korea had tested positive for coronavirus, but its output has not been affected.. . .  Full story

Japan Feb retail sales rise 1.7% year/year

31/03 Japanese retail sales rose 1.7% in February from a year earlier, compared with a median market forecast for a 1.2% decline, government data showed on Tuesday.. . .  Full story

Japan's jobless rate steady at 2.4% in February - govt

31/03 Japan's jobless rate held steady while the availability of jobs dropped in February, government data showed on Tuesday.. . .  Full story

S.Korea's Feb factory output contracts most in over 11 years

31/03 South Korea's factory output contracted at its sharpest pace in more than 11 years in February, official data showed on Tuesday, adding to evidence of a sharp economic blow from the coronavirus pandemic.. . .  Full story

S.Korea business sentiment suffers worst monthly fall in 17 years

30/03 South Korean businesses sentiment suffered its worst monthly fall in 17 years as firms fretted over the coronavirus pandemic and the impact on demand at home and from abroad, a central bank survey showed.. . .  Full story

G20 trade ministers meet by video to tackle coronavirus disruptions

30/03 Trade ministers from the Group of 20 major economies agreed on Monday to keep their markets open and ensure the continued flow of vital medical supplies, equipment and other essential goods as the world battles. . .  Full story

Israel to spend 80 bln shekels to help economy cope with coronavirus crisis

30/03 Israel will spend 80 billion shekels ($22 billion) to help the economy weather the coronavirus crisis and the finance minister said he expected a gradual return of business activity after the Passover holiday next month.. . .  Full story

Egypt's Sisi calls for boost of strategic food reserves during coronavirus outbreak

30/03 Egyptian President Abdel Fattah al-Sisi has told the relevant authorities to boost strategic reserves of staple goods, a presidency spokesman said on Monday, as global concerns about food security rise amid the coronavirus crisis.. . .  Full story

Egypt's 2020-21 draft budget is based on oil at $61 per barrel

30/03 Egypt's 2020-21 draft budget is based on an oil price of $61 per barrel, the finance ministry said on Monday, down from $68 in the current budget which ends on June 30 but around. . .  Full story

Thai central bank further expands scope of liquidity support

30/03 Thailand's central bank said on Monday it has further expand the to scope of a facility set up to provide liquidity to mutual funds and is ready to consider additional measures to ensure that. . .  Full story

Egypt's current account deficit narrows in Q4 of 2019

30/03 Egypt's current account deficit for the last quarter of 2019 narrowed to $3.19 billion from $3.25 billion in the same quarter of 2018, according to central bank data released on Monday.. . .  Full story

Kazakhstan to introduce quotas on wheat and flour exports

30/03 Kazakhstan will introduce quotas on its exports of wheat and flour and lift the ban on flour exports introduced this month to ensure steady domestic supply amid the coronavirus crisis, the Kazakh Agriculture Ministry said. . .  Full story

India may slash borrowing from market in April amid lockdown -sources

30/03 India may slash or even cancel its planned borrowings from the market for April amid a nationwide lockdown prompted by the coronavirus outbreak, two finance ministry sources told Reuters.. . .  Full story

flydubai to reduce staff pay for three months due to coronavirus

30/03 United Arab Emirates carrier flydubai will reduce pay for its employees for three months from April due to the impact of the global coronavirus crisis on its business, a spokeswoman said on Monday.. . .  Full story

Egypt central bank seen keeping interest rates on hold this week

30/03 Egypt's central bank is expected to leave its main interest rates unchanged this week as it weighs the impact of an emergency 300 basis point cut two weeks ago to soften the economic impact. . .  Full story