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07h37 Asian currencies eased on Wednesday as
investors braced for a steep economic slump in the wake of
lockdowns in many countries to contain the coronavirus' spread,
although losses were limited by the U.S. Federal. . .
07h09 China's yuan eased further on
Wednesday, following its worst monthly performance in seven as
investors favoured the safe haven dollar with the world economy
facing a one of the worst contractions in decades. . .
06h31 Chinese property
firms facing a wave of maturing debt will raise funds on the
mainland to refinance their offshore borrowings as funding
conditions loosen in the world's second-largest economy at a
time when the dollar. . .
05h54 Round-up of South Korean
** South Korean shares were little changed on Wednesday as the
U.S. Federal Reserve's plan to increase dollar liquidity eased
market volatility amid the worsening. . .
05h26 Indonesia has improved its
protocol to prevent a financial crisis amid the coronavirus
outbreak, its finance minister said on Wednesday as she flagged
a worst case scenario of contraction in 2020 GDP growth and. . .
05h01 Asian stocks clung to
gains on Wednesday, helped by a bounce in Australian shares, but
risks for equities remain large as the coronavirus pandemic
rattles the underpinnings of the global economy.. . .
04h16 Argentina will continue
talks this week and next with creditors over restructuring its
$83 billion in foreign debt, Economy Minister Martin Guzman said
on Tuesday, after the South American country missed the March 31
deadline. . .
31/03 Chile´s central bank on
Tuesday slashed its benchmark interest rate to 0.50%, its lowest
since 2009, warning of a "severe" economic contraction in March
as a result of the fast-spreading coronavirus outbreak.. . .
31/03 The Canadian dollar rose
against the greenback on Tuesday in volatile trading to end the
first quarter as oil prices rose and data showed the domestic
economy grew in January, but the loonie. . .
31/03 Global stock markets fell in
volatile trading on Tuesday, and the economic damage from the
coronavirus pandemic left the MSCI benchmark of world equities
with its biggest quarterly decline since the financial crisis of
2008.. . .
31/03 The U.S. Federal Reserve on
Tuesday broadened the ability of dozens of foreign central banks
to access U.S. dollars during the coronavirus crisis by allowing
them to exchange their holdings of U.S. Treasury securities. . .
31/03 The dollar fell against a basket of major currencies on Tuesday
modestly pressured by the weight of Federal Reserve measures meant to ensure there was enough liquidity in
the global financial system.. . .
31/03 Most Latin American assets edged up on
Tuesday, tracking their broader emerging market peers on
unexpectedly positive Chinese economic data, but marked record
quarterly losses amid continued selling due to the coronavirus
outbreak.. . .
31/03 U.S. stock indexes have
clawed back losses but are still set to close out March with one
of the worst quarterly performances ever as evidence grows of
the large-scale damage to business activity from. . .
31/03 South Africa's rand
firmed against the dollar on Tuesday as strong trade balance
numbers lifted the pressure on a currency which had plunged a
day earlier following a sovereign credit rating downgrade, while
stocks also. . .
31/03 The U.S. dollar's share of
currency reserves reported to the International Monetary Fund
fell to 60.8% in the fourth quarter last year from the previous
quarter, data released on Tuesday showed.. . .
31/03 The Federal Reserve has moved into
overdrive to try to keep the U.S. economy from suffering lasting
damage from the coronavirus pandemic, announcing an emergency
interest rate cut on March 3 and rolling out. . .
31/03 Poland sharply hiked its debt
supply offer in April with treasury bills and bonds worth 18-38
billion zlotys ($4.34-9.16 billion) in total, as it gathers cash
for measures to support the economy during the. . .
31/03 An action plan by the Group of
20 major economies to address the coronavirus pandemic will
consider the risk of debt vulnerabilities in low-income
countries and deliver financial aid to emerging countries, a
joint statement. . .
31/03 How much damage has the
coronavirus and the oil price collapse inflicted on global
financial markets this year? Put simply, it has probably been
the most destructive sell-off since the Great Depression.. . .
31/03 South Africa's trade balance recorded a surplus of 14.15 billion rand ($790.21 million) in February from a revised 2.72 billion rand deficit in January, data from the revenue service showed on. . .
31/03 Global fund managers are
convinced the world economy is already in recession, and
recommended increasing bond holdings in March to the highest
level in at least seven years while buffering up on cash at. . .
31/03 The Bank of Spain said on
Tuesday it would not activate counter-cyclical buffers for
domestic lenders for the foreseeable future due to the economic
fallout from the coronavirus pandemic, and it maintained the
buffer at. . .
31/03 The central banks of Thailand
and Japan on Tuesday signed a bilateral local currency swap
arrangement (BSA) to enhance the financial stability of the two
countries, the Bank of Thailand said in a statement.. . .
31/03 Central European stock markets
regained some ground on Tuesday after Chinese data offering some
relief for global investors, but remained on course for their
biggest monthly drop since the 2008 financial crisis.. . .
31/03 The global
coronavirus pandemic is threatening to disrupt Argentina's tense
debt restructuring talks with creditors, stoking risks the
country may slip into default and face a downgrade, ratings
agencies and bondholders told Reuters.. . .
31/03 The Czech National Bank is
ready to cut interest rates further if needed, though there is
minimal likelihood of using negative rates, Governor Jiri Rusnok
was quoted as saying in an interview with Hospodarske. . .
31/03 Emerging market stocks were set to end
a tumultuous quarter on a positive note on Tuesday, as
unexpectedly positive factory activity data from China lifted
fragile sentiment, while Russia's rouble jumped 1.6% as oil
prices. . .
31/03 Britain narrowed its current
account deficit in the last three months of 2019, but much of
the improvement in one of the economy's fundamental areas of
weakness was due to volatile swings in gold. . .
31/03 South Korea's monetary policy
board remained wary of risks to the nation's currency markets
and household debt as it made a 50-basis-point cut, the minutes
of its March emergency meeting showed on Tuesday.. . .
31/03 Round-up of South Korean
** South Korean shares gained more than 2% on Tuesday as risk
appetite was whetted by hopes of another U.S. stimulus package
and data showing a rebound in China. . .
31/03 South Korea's central bank said
on Tuesday the net purchase and selling of dollar was on par
during the final quarter of 2019 for intervention in the foreign
exchange market to stabilise won's movement,. . .
31/03 Japan's Government Pension
Investment Fund (GPIF) said on Tuesday it would raise its
allocation target for foreign bonds to 25% from the current 15%,
marking a shift from unprofitable domestic bonds to foreign
assets.. . .
31/03 Most Asian currencies ticked higher on
Tuesday after a key survey showed factory activity in China
returned to growth, even though the global coronavirus crisis
showed little signs of slowing.
Factory. . .
31/03 China's yuan was steady
against the dollar on Tuesday, unable to make much headway
despite an unexpected expansion in factory activity in March
as the global fallout from coronavirus pandemic kept it. . .
30/03 Global equity benchmarks rose
on Monday despite a drop in oil prices to their lowest levels
since 2002, as central banks and the United States tried to
contain damage from the rapidly spreading coronavirus. . .
30/03 Mexico's peso led Latin American
currencies lower on Monday as a strong dollar and sinking oil
prices weighed, with further pain seeming apparent as the
coronavirus outbreak rattled the global economy.. . .
30/03 The Canadian dollar weakened
against its U.S. counterpart on Monday as the price of oil fell
and the greenback climbed against a basket of major currencies,
with the loonie giving up some of the. . .
30/03 The dollar advanced on Monday, snapping a week of declines, as
investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and
fiscal measures to fight the coronavirus pandemic.. . .
30/03 South Africa's rand hit an all-time low on Monday after ratings firm Moody's removed the country's last investment grade credit rating and downgraded it to "junk" status - although the selloff. . .
30/03 Britain's finances put it among
the most vulnerable major economies in the face of the
coronavirus crisis, investors warned on Monday, even as markets
appeared to look past a credit rating downgrade before. . .
30/03 The Bank of England said on
Monday it would extend an emergency liquidity measure, the
three-month Contingent Term Repo Facility (CTRF), to run until
the end of April and it would also hold a. . .
30/03 Turkey is set to keep cutting
interest rates to limit the economic impact of a surge in
coronavirus cases at home and abroad, leading a monetary easing
charge among emerging markets (EMs), comments from. . .
30/03 The International Monetary
Fund said on Monday the relaxation of the euro zone's fiscal
rules and support from the European Central Bank and the
European Stability Mechanism is critical to a strong regional
response to. . .
30/03 BBVA on Monday said
senior management would forego more than 50 million euros in
bonuses for 2020 as part of the Spanish bank's efforts to
mitigate the impact of the coronavirus crisis but it. . .
30/03 Anglo-Italian restaurant chain
Carluccio's entered administration on Monday, putting around
2,000 jobs at risk, after challenging trading conditions on the
high street were exacerbated by the spread of coronavirus.. . .
30/03 Saudi Arabia and the
United Arab Emirates are spending tens of billions to prop up
their economies during the coronavirus crisis and oil price
slump but the scaling back of state projects is blunting. . .
30/03 The Swiss National Bank's
holding of overnight funds for commercial banks increased by the
largest amount in more than five years last week, indicating how
it is injecting money into the Swiss economy hit. . .
30/03 Zimbabwe legalised the use of foreign currencies in domestic transactions on Sunday, less than a year after abandoning dollarisation, as the country readies for a 21-day lockdown to prevent the spread. . .
30/03 Central European stock
indexes fell and currencies eased on Monday, as massive economic
support packages aiming to shore up economies battered by the
coronavirus pandemic failed to reassure markets.. . .
30/03 1/GIVE NO QUARTER
Few will regret the end of the first 2020 quarter. Fears of a
U.S.-Iran war gave way to the coronavirus pandemic which
JPMorgan reckons will have pushed the world economy into. . .
30/03 Emerging markets stocks fell on Monday
with investors bracing for a sustained blow to economic activity
as the coronavirus continued to spread, while South Africa's
rand weakened 2% after the country lost its last. . .
30/03 Offshore investors bought a net of 355
million rand ($19.77 million) of South African stocks last week and 5.02 billion
rand in bonds, data from the Johannesburg Stock Exchange showed on Monday.
STOCKS. . .
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