7
Trump says OPEC has not asked him for a U.S. oil production cut
President Donald Trump said on Monday that OPEC had not pressed him to ask U.S. oil producers to reduce their output to support global prices, which have been hard-hit by the economic fallout of the coronavirus pandemic.
7
Japan set to announce coronavirus emergency, finalise near $1 trillion stimulus
Japanese Prime Minister Shinzo Abe is set to announce a state of emergency on Tuesday for the capital Tokyo and six other prefectures to stem a worrying rise in coronavirus infections in major population centres.
6
Spain's PM pleads with EU for 'coronabonds' crisis funding
Spanish Prime Minister Pedro Sanchez urged the EU Sunday to issue "coronabonds," controversial pooled debt instruments to help the bloc's hardest hit countries fund their battle against the devastating economic impact of the pandemic.
6
Japan PM Abe to declare state of emergency amid surge in virus infections
Prime Minister Shinzo Abe intends to declare a state of emergency over the coronavirus outbreak in Japan, a government official said Monday, as a recent surge in infections sweeps Tokyo and other major cities.
6
Fed Unlikely to Order Big U.S. Banks to Suspend Dividends
U.S. banks will likely be allowed to keep paying dividends to shareholders, according to people familiar with the matter, even as the coronavirus pandemic threatens to create a mountain of bad loans that could eventually weaken the lenders.
3
Malaysia Sees Possible Contraction as Growth Outlook Slashed
Malaysia’s economy could contract this year as the country struggles with a month-long coronavirus lockdown and a steep fall in commodity prices.
3
US unemployment soars to record high of more than 6.6 million people
More than 6.6 million Americans applied for unemployment benefits last week – doubling a record high set just one week earlier – a sign that layoffs are accelerating in the midst of the coronavirus.
2
Saudi wants cooperation to bolster oil, blames Russia for turmoil: Gulf source
Saudi Arabia supports cooperation between oil producers to stabilize the oil market but Russia’s opposition to a proposal last month to deepen oil supply cuts has caused market turmoil, a senior Gulf source familiar with Saudi thinking told Reuters.
2
China to Start Buying Oil for State Reserves After Crash
China is moving forward with plans to buy up oil for its emergency reserves after an epic price crash, according to people with knowledge of the matter.
1
White House projects 100,000-240,000 US deaths from coronavirus
The White House on Tuesday projected 100,000 to 240,000 deaths in the United State from the coronavirus pandemic even if current social distancing guidelines are maintained.
1
HSBC Suspends Dividend
HSBC has cancelled the fourth-quarter interim dividend of US$0.21 per ordinary share, citing the current economic uncertainty caused by the COVID-19 pandemic. The dividend was scheduled to be paid on 14 April 2020.
1
Many Hong Kong retail landlords rally to rent reduction call
Landlords in premium Hong Kong retail areas are proving flexible on rents as retailers experience an unprecedented drop in sales of between 50–80 per cent during the first financial quarter this year.
31
Alibaba plans to buy at least 10% stake in Chinese courier Yunda -sources
Alibaba Group Holding Ltd plans to buy at least 10% of Yunda Holding Co Ltd , marking the e-commerce giant’s fifth investment in a large courier, two people with knowledge of the matter told Reuters.
31
China's factory activity rebounds as work resumes
Factory activity in China rebounded in March from a record low, according to official data released on Tuesday, returning to expansion territory while the coronavirus pandemic continues to devastate the global economy.
31
White House, Congress Consider Another $600bn Stimulus
The White House and congressional Democrats are preparing for a fourth round of economic stimulus to get the U.S. through its coronavirus outbreak, even while they’re still arguing over the $2 trillion measure President Donald Trump signed Friday.
30
China re-closes all cinemas over coronavirus fears
All Chinese cinemas have been ordered to close again after trading began to resume. Late on Friday evening, China’s Film Bureau issued a decree ordering all venues to shut down, offering no reason for the change in policy.
30
Trump Is Now Recommending Americans Practice Social Distancing Until April 30
President Donald Trump said the White House will extend its guidelines for the coronavirus outbreak — which include working from home, limiting gatherings to 10 people or less, and avoiding travel — until April 30.
30
Abe pledges Japan's "boldest-ever" economic stimulus to fight virus
Prime Minister Shinzo Abe said Saturday that Japan will compile its "boldest-ever" stimulus package including cash handouts to struggling households to cope with the negative economic impact from what could become a prolonged coronavirus outbreak.
27
CKLIFE SCIENCES Surges 36%; COVID-19 Test Kit Rolled out Globally
CKLIFE SCIENCES (00775.HK) +0.280 (+35.897%) last stood at $1.06, up 36%, on volume of 121 million shares and turnover of $131 million.
27
IEA says global oil demand could drop 20% as 3 billion people in lockdown
Global oil demand could dive by 20% as 3 billion people are in a lockdown because of the coronavirus outbreak, the head of the International Energy Agency (IEA) said on Thursday as he called on OPEC leader Saudi Arabia to help stabilise oil markets.