China takes steps to heal virus-hit economy as infections fall
WUHAN: China ramped up efforts on Monday to heal the world’s second-biggest economy as health authorities reported a further drop in new...
Saudi Arabia plans to boost oil exports to 10.6 million bpd from May
DUBAI: Saudi Arabia plans to boost its oil exports to 10.6 million barrels per day from May because the country is burning...
Bangladesh garment makers say $3bn in orders lost to virus
DHAKA: Bangladesh garment manufacturers say fashion retailers have cancelled or put on hold more than $3 billion in orders due to the...
European shares dip as coronavirus fears intensify
The European shares fell for the second straight session on Monday, as fears about the economic hit from the coronavirus pandemic intensified...
Oil prices at 17-year lows as virus ravages world
Oil prices extended losses in Asian trade on Monday and languished at 17-year lows, with the coronavirus crisis escalating around the world...
Asian markets resume losses as stimulus joy fades
Asian markets fell Monday following a steep drop on Wall Street as the jubilation from last week's enormous US stimulus package faded...
Trump forces General Motors to produce ventilators
President Donald Trump issued an order last week that seeks to force General Motors (GM) to produce ventilators for coronavirus patients under...
Three months that shook global markets
How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has...
Dubai firm tied to Trump posts loss as virus downturn looms
DUBAI: Dubai's largest, fully private real estate developer posted on Sunday its first yearly loss since becoming a publicly traded company, a...
Govts, central banks must boost efforts to help economies cope with crisis: BIS head
LONDON: Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis,...
World’s largest glove maker sees shortage as coronavirus fight spikes
KUALA LUMPUR: Malaysia’s Top Glove Corporation Bhd, which makes one in every five gloves globally, expects a product shortage as demand from...
IMF chief: ‘Clear we have entered recession’
The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief...
Russia calls for new enlarged OPEC deal to tackle oil demand collapse
MOSCOW: A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s...
Calls mount for new OPEC+ deal as oil prices and demand slide
MOSCOW/DUBAI/LONDON: Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as the...
IMF says global output to contract in 2020, exploring financing options
WASHINGTON: The coronavirus pandemic will cause global economic output to contract in 2020, top officials of the International Monetary Fund said on...