|
The New Zealand dollar sank as much as five US cents over the past 24 hours as panic selling and a flight to the US dollar took fire with futures markets pointing to yet another sell-off on Wall Street. The kiwi was trading at 55.36 US cents at 5pm in Wellington, off the day's low at 54.68 cents, but down from 59. |
|
Read more...
|
|
New Zealand shares fell, with several companies hitting record lows, as investors grappled with the uncertainty of how long and deep the economic downturn will be as the pandemic continues to rattle financial markets. The S&P/NZX Index dropped 340.36 points, or 3.6 per cent, to 9,114.5. |
|
Read more...
|
|
BANGKOK. Shares in Asia failed to hold onto opening gains on Thursday, skidding further after the latest selloff on Wall Street. Stocks fell in Tokyo, and all other Asian markets on Thursday. Share prices have been sinking as investors shift to cash as fears of a prolonged coronavirus-induced recession take hold. |
|
Read more...
|
|
President Moon Jae-in on Thursday pledged 50 trillion won ($39 billion) in emergency financing for small businesses and other stimulus measures to prop up the country's coronavirus-hit economy. The package is the latest in a string of steps Seoul has taken in recent days to curb pressure on Asia's.... |
|
Read more...
|
|
On Wednesday, President Donald Trump signed an aid package, approved earlier Wednesday by the Senate, to guarantee sick leave to workers who fall ill. Trump's authority under the 70-year-old Defense Production Act gives the government more power to steer production by private companies and try to.... |
|
Read more...
|
|
Economic growth across the South-East Asia region is expected to slow to 4.2% in 2020, as the novel coronavirus (COVID-19) outbreak continues to weigh on tourism, disrupt regional supply chains and dampen household spending. This is according to the latest Economic Update: South-East Asia report from chartered accountancy body ICAEW. |
|
Read more...
|
|
By Nai Lun Tan and Ben Otto. Stock markets across Southeast Asia suffered a grueling start Thursday, as skittish investors dumped shares across sectors on worries that a global recession is likely imminent due to the coronavirus pandemic. The Philippines stock market, which opened for business after.... |
|
Read more...
|
|
The coronavirus epidemic continues to disrupt life across the world. The disruption is all but gathering steam in affected even virus-free African countries. The rate of infection is lower on the continent as compared to Europe, Asia and parts of the Americas, where lockdowns are in place. |
|
Read more...
|
|
Australia's S&P ASX/200 declined 3.3% to 4,791.50 after the central bank announced it was cutting its policy rate by 0.25 percentage point to a record low 0.25%, among other measures. “It's amazing how desensitized we've become to central banks' dropping huge numbers and massive amounts of cash in.... |
|
Read more...
|
|
By Nai Lun Tan and Ben Otto Stock markets across Southeast Asia suffered a grueling start Thursday, as skittish investors dumped shares across sectors on worries that a global recession is likely imminent due to the coronavirus pandemic. The Philippines stock market, which opened for business after.... |
|
Read more...
|
|
"It may be possible (to isolate) in other areas because they are rich. They have big spaces," said Aves, a mother of four. "Here we are crammed." "If you run into somebody on the way out of the house you will touch," the 23-year-old said from her closet-sized home in Manila's Tondo district. |
|
Read more...
|
|
The dollar resumed its relentless climb against major currencies on Thursday as wild financial market volatility and worries over tightening liquidity triggered by the coronavirus pandemic sparked an investor flight into cash.
Sterling teetered near the lowest since at least 1985 against the greenback. |
|
Read more...
|
|
Mary Grace Aves is terrified of the deadly coronavirus pandemic, but the best weapons to protect her family -- isolation and sanitation -- are unreachable luxuries in the Manila shantytown they call home. The same particularly dangerous set of threats loom over hundreds of millions packed into.... |
|
Read more...
|
|
Throughout Wednesday (March 18), China witnessed no new domestic cases of Covid-19 infection. This is no small feat for the Asian nation, where the disease first originated in late December and reported 80,894 cases along with 3,237 fatalities. According to the WHO, the epicenter of the disease.... |
|
Read more...
|
|
BANGKOK (AP) — Shares in Asia failed to hold onto opening gains on Thursday, skidding further after the latest selloff on Wall Street. Stocks fell in Tokyo, Sydney, Hong Kong and Seoul in early trading Thursday. Investors are in search of cash as fears of a prolonged coronavirus-induced recession take hold. |
|
Read more...
|
|
The World Health Organisation (WHO) called for “aggressive” action in South-east Asia to combat the fast-spreading coronavirus, warning on Tuesday that some countries were heading towards community transmission of the deadly disease. Infections have soared across the region in recent weeks, forcing.... |
|
Read more...
|
|
BANGKOK (AP) — Shares in Asia failed to hold onto opening gains on Thursday, skidding further after the latest selloff on Wall Street. Stocks fell in Tokyo, and all other Asian markets on Thursday. Share prices have been sinking as investors shift to cash as fears of a prolonged coronavirus-induced recession take hold. |
|
Read more...
|
|
with the COVID-19 pandemic showing no signs of abating, thousands of Vietnamese citizens are rushing home. An estimated 6,000 Vietnamese living or studying in Southeast Asia and a further 1,000 from European countries were expected to land in airports across the country on March 18, according to the Civil Aviation Administration of Vietnam. |
|
Read more...
|
|
Asia Fruit Logistica, Asia’s leading fresh fruit and vegetable trade show, is moving to Singapore for its 2020 edition from its traditional location in Hong Kong.
Asia Fruit Logistica 2020 will take place on 16-18 September at Singapore EXPO, a world-class exhibition centre near Singapore’s Changi.... |
|
Read more...
|
|
A man wearing a face mask walks inside the Al Akbar mosque before Friday prayer in Surabaya, East Java province March 6, 2020. — AFP pic. JAKARTA, March 18 — Malaysians are believed to be among thousands of tabligh participants at the Ijtima of Asia 2020 event in Indonesia. |
|
Read more...
|
|
Where the U.S., Europe and much of East Asia boasted solid economies and relative stability when the virus hit, Iran faced a perfect storm of challenges even before the first case was reported: a plunging domestic market, violent street protests, a strangling U.S. |
|
Read more...
|
|
Cambodian-American boxer Eric Pen is trying to keep in shape in the midst of the coronavirus outbreak that is ravaging many parts of Asia, including Vietnam, where he is currently based.
Reached through Facebook Messenger on Tuesday, the reigning World Boxing Association (WBA) Asia Heavyweight.... |
|
Read more...
|
|
Political will, dedicated resources, sophisticated tracking and a responsible population have kept coronavirus infections and deaths in Taiwan, Hong Kong and Singapore relatively low. South Korea, with more deaths, has led the way in widespread testing. |
|
Read more...
|
|
(Bloomberg) -- Oil futures in New York jumped as much as 11% as traders try to get a handle on violent price swings that have rocked the petroleum industry. West Texas Intermediate for April delivery rose as much as $2.27 a barrel to $22.64 shortly after trading opened Thursday in Asia. The contract fell 24% on Wednesday. |
|
Read more...
|
|
Headquartered in Singapore, Spectra Innovations Pte Ltd has an established network of certified channel partners, system integrators, training and support specialists in South East Asia and ASEAN countries. Through this partnership, Spectra is all set to offer Videonetics AI & DL powered Unified.... |
|
Read more...
|
|
|
