India’s central bank cuts benchmark rate to decade-low 4.4pc
NEW DELHI: India’s central bank on Friday cut its key interest rate by a sizable 75 basis points to 4.4pc from 5.15pc...
Oil gains as govts pledge support amid coronavirus chaos
Oil prices rose on Friday as governments around the world pledged a huge injection of funds and other measures to limit the...
Global oil refiners to deepen output cuts as coronavirus destroys demand
SINGAPORE/NEW DELHI/SEOUL/HOUSTON: Oil refiners from Texas to Thailand are bracing for deeper output cuts, bruised by an unprecedented demand shock as more...
IMF asks G20 to back doubling of its emergency financing to fight virus
WASHINGTON: The International Monetary Fund on Thursday asked G20 leaders to back a doubling of its emergency financing capacity to strengthen its...
Global watchdog IOSCO says determined to keep markets open
LONDON: Regulators will continue to cooperate closely to keep financial markets orderly and open during disruptions caused by the impact of coronavirus...
Oil majors slash 2020 spending 18pc after prices slump
LONDON: The world’s biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a...
Stocks rebound passes 10pc after $2 trillion US stimulus boost
LONDON: A rebound in world stocks reached a lofty 11 per cent on Wednesday and commodities made gains too, as coronavirus-battered markets...
States reject Trump talk of restarting US economy early
NEW YORK/WASHINGTON: A week after millions of Americans began taking shelter at home from the coronavirus, states warned on Tuesday against easing...
Airlines hike estimate of virus revenue hit to $250 billion
LONDON/PARIS: Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate...
Coronavirus: Carmakers answer pleas to make medical supplies
Car firms are answering calls from governments to help make more ventilators and face masks to help out during the coronavirus pandemic.
On...
Coronavirus pandemic savaging global economy: SurveysÂ
Evidence of the devastation wreaked on the global economy by the coronavirus pandemic mounted on Tuesday as activity surveys for March from...
Asia markets rally as Fed unveils ‘game changer’ support packageÂ
Asian markets and crude prices surged while the dollar sank Tuesday after the Federal Reserve unveiled an unprecedented bond-buying programme to support...
IMF sees pandemic causing global recession in 2020; recovery in 2021
WASHINGTON: The coronavirus pandemic will cause a global recession in 2020 that could be worse than that seen during the global financial...
Global stocks fall again despite virus rescue efforts
Financial markets in Europe and the US continued to fall on Monday despite fresh action by the Federal Reserve to support the...
Monday: Big layoffs, bigger hirings, massive markets swings
The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy.
Following...