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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. . .
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.. . .
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. . .
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. . .
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. . .
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.. . .
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. . .
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,. . .
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.. . .
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.. . .
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. . .
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.. . .
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.. . .
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. . .
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.. . .
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.. . .
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.. . .
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. . .
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. . .
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. . .
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.. . .
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. . .
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
"The chairmen of the companies called upon the minister of
aviation. . .
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. . .
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.. . .
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. . .
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. . .
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. . .
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.. . .
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,. . .
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.. . .
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. . .
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.. . .
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.. . .
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?. . .
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.. . .
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. . .
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.. . .
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. . .
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. . .
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.. . .
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.. . .
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.. . .
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.. . .
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.. . .
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. . .
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.. . .
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. . .
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.. . .
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. . .
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.. . .
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.. . .
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,. . .
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. . .
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. . .
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.. . .
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. . .
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.. . .
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,. . .
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.. . .
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.. . .
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. . .
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,. . .
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. . .
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.. . .
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. . .
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. . .
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. . .
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.. . .
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.. . .
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. . .
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.. . .
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.. . .
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. . .
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. . .
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.. . .
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. . .
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