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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) today at the foreign exchange dealing room in Seoul, South Korea. Asian shares surged today after a rally in U.S. stocks, mostly spurred by health care companies' announcements of developments that could aid in the coronavirus outbreak. |
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From Scandinavia to South Africa, from the Americas to Asia “we were caught off guard by an unexpected, turbulent storm,” Pope Francis said about the coronavirus pandemic on 27th March, “we have realized that we are on the same boat, all of us fragile and disoriented…..all of us called to row together”. |
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COVID-19 COULD PUSH 11 MILLION PEOPLE IN EAST ASIA INTO POVERTY, SAYS WORLD BANK. The pains from battling Covid-19 could last a long time with the World Bank warning that in a bad case scenario, East Asia and the Pacific could see up to 11 million people driven into poverty, with low wage and informal sector workers the most vulnerable. |
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Eastspring has decided to liquidate four fixed income funds in Asia holding equivalent to £6.1bn before coronavirus redemptions caused assets to shrink by up to 70%. The low-to-moderate risk funds were targeted at Thai investors seeking foreign fixed income exposure. |
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(Bloomberg) -- What’s the cost of becoming junk? South Africa will soon find out. Africa’s most industrialized nation lost its last investment-grade rating late on Friday when Moody’s Investors Service cut it to Ba1, citing a weak economy and an unreliable power sector. When markets re-opened on Monday in Asia, the effect was immediate. |
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By Maikel Jefriando. JAKARTA (Reuters) - 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. |
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Shravan Hanasoge has been a faculty member in the Department of Astronomy and Astrophysics at the Tata Institute of Fundamental Research, Mumbai, since 2013. He received his Ph.D. at Stanford University and then pursued a postdoctoral fellowship at the Max Planck Institute for Solar System Research.... |
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PHNOM PENH, March 31 (Xinhua) -- Cambodia's economic growth is projected to slow sharply to 2.5 percent in 2020 due to the impact of the COVID-19 outbreak, according to a World Bank's report released on Tuesday. The country's growth last year was strong at 7.1 percent, said the bank's East Asia and Pacific Economic Update. |
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Source: The Holy See in the Italian. Headline: ASIA/MIDDLE-EAST – Crisis, pandemic, Pax Christi in Trump: suspend sanctions against Iran, Syria, and Gaza.
Brussels – The crisis pandemic caused by a coronavirus, making it even more urgent and necessary to suspend economic sanctions placed by the Us.... |
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The Navy hospital ship USNS Comfort passes lower Manhattan on its way to docking in New York, Monday, March 30, 2020. The ship has 1,000 beds and 12 operating rooms that could be up and running within 24 hours of its arrival on Monday morning. It's expected to bolster a besieged health care system.... |
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BEIJING (Reuters) - The coronavirus epidemic is “far from over” in the Asia-Pacific region, and current measures to curb the spread of the virus are buying time for countries to prepare for large-scale community transmissions, a WHO official said on Tuesday. |
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The pandemic is causing "an unprecedented global shock, which could bring growth to a halt and could increase poverty across the region," said Aaditya Mattoo, World Bank chief economist for East Asia and the Pacific. Even in the best-case scenario, the region will see a sharp drop in growth, with China 's expansion slowing to 2. |
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BEIJING (REUTERS) - The coronavirus epidemic is "far from over" in the Asia-Pacific region, and current measures to curb the spread of the virus are buying time for countries to prepare for large-scale community transmissions, a WHO official said on Tuesday (March 31). |
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* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Asia shares supported by month-end demand, calmer mood. * China factory survey beats forecasts, PMI rises to 52.0. * Oil prices steady for now after steep drop.
By Wayne Cole. SYDNEY, March 31 (Reuters) - Asian shares were closing out a.... |
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An emergency field hospital in Manhattan’s Central Park, will begin taking patients on Tuesday. Photograph: Stephanie Keith/Getty Images. President Trump’s daily news conference featured hand-picked captains of industry praising is efforts to tackle the virus, while reporters were again chastised for asking hard questions. |
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BEIJING: The coronavirus epidemic is “far from over” in the Asia-Pacific region, and current measures to curb the spread of the virus are buying time for countries to prepare for large-scale community transmissions, a WHO official said on Tuesday. Even with all the measures, the risk of transmission.... |
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TOKYO (AP) — Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies' announcements of developments that could aid in the coronavirus outbreak. Japan's benchmark Nikkei 225 rose 0.8% in morning trading to 19,243.91. Australia's S&P/ASX 200 added 2.0% to 5,285. |
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UPDATE 1-Coronavirus epidemic 'far from over' in Asia - WHO official.
(Adds details, changes media slug to link to TV) BEIJING, March 31 (Reuters) - The coronavirus epidemic is "far from over" in the Asia-Pacific region, and current measures to curb the spread of the virus are buying time for.... |
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- Situation of global markets due to COVID-19. - About 11 million could be driven into poverty in East Asia and Pacific says World Bank - Employment-based backlog to double by 2030, Indians have to wait for decades for Green Card: Congressional Research Service. - Forest fire in China kills 19. |
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The coronavirus epidemic is "far from over" in the Asia-Pacific region, and the current measures to curb the spread of the virus are merely buying time for countries to prepare for large-scale community transmissions, a WHO official said on Tuesday.
Even with all the measures, the risk of.... |
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It brings together several essential work tools like messenger, online docs and sheets, cloud storage, calendar, and video conferencing. As businesses and educational institutions around the world scramble to respond to the COVID-19 outbreak with initiatives ranging from travel restrictions to.... |
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MANILA (Reuters) – Coronavirus testing is expected to increase substantially in coming days in the Philippines, where the high number of deaths relative to confirmed cases reflects lower testing so far, a World Health Organisation official said on Tuesday. |
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pandemic, Fitch Ratings said. The ratings agency earlier this month downgraded the outlook for 10 banking systems in the region to "negative." All 17 banking systems in Asia Pacific that Fitch assesses now have a "negative" outlook.
But the outlook assessment doesn't necessarily indicate that.... |
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Stocks in Asia Pacific traded mixed on Tuesday afternoon as China's official manufacturing Purchasing Managers' Index for March came in better than some analysts expected. Mainland Chinese stocks were higher by the afternoon, with the Shanghai composite up 0.42% while the Shenzhen composite added 0.806%. |
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Asian markets rise modestly despite Wall Street’s surge. Stock markets in Asia sounded a cautionary note on Tuesday after a big rise on Wall Street, reflecting investor jitters over the state of the world economy. Major markets in the region were up less than 1 percent at midday, though Hong Kong.... |
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