Asia

Asia stocks ride stimulus hopes higher but dollar left behind

9 days ago   |   By Reuters

Asian stocks rose on Friday as investors wagered policymakers will roll out more stimulus measures to combat the coronavirus pandemic after U.S. unemployment filings surged to a record.
Read more ...

 

Asian shares advance after stimulus surge on Wall Street

9 days ago   |   By Chron

BANGKOK - Asian shares mostly tracked Wall Street's advance on Friday in Asia in anticipation congressional approval of massive coronavirus relief for the U.S. economy.
Tokyo jumped 2.5% and Shanghai added 0.9%. Stocks sank 5.3% in Australia, ending a three day winning streak as investors reacted to news that cases of new infections in the U.S. have surpassed China's total.
India's Sensex lost 0.9% to 29,676.97 after the central bank slashed its key lending rate to a decade-low 4.4% from 5.15% to help the economy weather a lockdown aimed at beating the coronavirus outbreak in the world's...
Read more ...

 


Search by Tags

   Asia      BusinessNews      World      Bank      Ads      Economy      Rate      Business      Banks      China      Industries      Industry  


‘I'll do whatever I have to do!' Trump brandishes tariff baton demanding...

‘I'll do whatever I have to do!' Trump brandishes tariff baton demanding ‘illegal OPEC cartel' save US oil jobs

Calling on Russia and Saudi Arabia to urgently resolve the global oil output glut crisis, President Donald Trump said he will do whatever it takes (apparently except for... Read more ...

Trump says he 'may take' hydroxychloroquine, even though there's no evidence...

Trump says he 'may take' hydroxychloroquine, even though there's no evidence it's effective or safe to prevent or treat coronavirus

President Donald Trump said Saturday he "may take" hydroxychloroquine, apparently to prevent the coronavirus, though there is no evidence the drug is safe or effective for that... Read more ...

I flew on one of the few remaining flights during the coronavirus pandemic...

I flew on one of the few remaining flights during the coronavirus pandemic, and it was unlike anything I'd ever seen

Domestic air travel has come to a near standstill amid the coronavirus outbreak sweeping across the United States. But there are still a handful of of flights available for... Read more ...

Saudi Arabia uses low oil prices to force US to cut shale production, but...

Saudi Arabia uses low oil prices to force US to cut shale production, but damage to all countries may prompt talks

A fall in oil prices intensified by Saudi Arabia's actions has dealt a deadly blow to US shale oil companies, but “counterproductive” measures that harm all oil producers may... Read more ...

New York Gov. Cuomo says he expects the peak of the coronavirus outbreak to...

New York Gov. Cuomo says he expects the peak of the coronavirus outbreak to hit in the 'seven-day' range as cases skyrocket

New York Gov. Cuomo said he expects the peak of coronavirus cases in the state in the "seven-day" range, though he said the state isn't yet prepared for the pressure on the... Read more ...

Here's why the depleted cruise line industry will be one of the biggest...

Here's why the depleted cruise line industry will be one of the biggest losers of the new $500 billion corporate bailout program

The $2 trillion stimulus package contained a substantial pot of money for bailouts of large corporations and businesses. But the cruise line industry will be left out since the... Read more ...

A week in the life of a night nurse treating coronavirus patients in New...

A week in the life of a night nurse treating coronavirus patients in New York City's top hospital, where she says space is running out for patients and nurse staffing is starting to run thin

One New York City nurse shared her experience treating patients positive for COVID-19, some in critical condition. New York state had over 100,000 coronavirus cases as of April... Read more ...

The Coronavirus Economy: How my job as a cosmetic dermatologist has changed

The Coronavirus Economy: How my job as a cosmetic dermatologist has changed

Subscribe to Fortune' s Outbreak newsletter for a daily roundup of stories on the coronavirus and its impact on global business. As one of the most in-demand cosmetic... Read more ...

Australians have been advised not to wear face masks if they aren't infected...

Australians have been advised not to wear face masks if they aren't infected by COVID-19

Australia's deputy chief medical officer Paul Kelly told Australians that they shouldn't wear face masks. That's partially due to the short supply of face masks in the health... Read more ...

How America's decimated pandemic response capabilities led to one of the...

How America's decimated pandemic response capabilities led to one of the worst coronavirus outbreaks in the world

The US is the global epicenter of the novel coronavirus pandemic. The story of how the country got here was set in motion years ago, when the Trump administration began... Read more ...