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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.
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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.
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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.
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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.
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China bars foreign visitors as imported cases rise
China has announced a temporary ban on all foreign visitors, even if they have visas or residence permits.
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Senate passes $2 trillion coronavirus stimulus package, sending it to the House
The Senate passes a $2 trillion economic relief package to respond to the coronavirus pandemic. It now heads to the House, which hopes to approve it by Friday.
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Japan may dish out cash to households impacted by coronavirus
As part of an economic stimulus package to be compiled in April, the government is considering a plan to provide cash to households facing loss of income from the coronavirus pandemic, informed sources said.
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Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero
The one-month and three-month Treasury bill yields turned negative Wednesday.
25
US Senate leaders reach deal with White House on $2tn coronavirus package
US Senate leaders have reached a deal with Trump administration officials on a nearly $2tn stimulus package to help rescue the American economy ravaged by the coronavirus pandemic as Donald Trump considers easing restrictions aimed at combating the contagion.
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No. of confirmed cases in US crossed the 50,000-mark
According to the Johns Hopkins coronavirus tracker, there are at least 55,041 confirmed cases of the novel coronavirus in the United States and over 700 people have died.
25
China's IT Ministry Urges Faster 5G Deployment
China's Ministry of Industry and Information Technology (MIIT) released a comprehensive document on Tuesday urging localities to accelerate the construction of 5G networks and applications to minimize the impact of the coronavirus.
24
Fed, saying aggressive action is needed, starts unlimited QE
Saying “aggressive action” was needed to soften the blow to the economy from the coronavirus pandemic, the Federal Reserve on Monday announced it would purchase an unlimited amount of Treasurys and securities tied to residential and commercial real estate to ward off a credit crunch.
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ECB board member: Launch common Eurozone bonds amid coronavirus
A European Central Bank (ECB) board member has called on governments to consider launching a common bond so as to stave off another sovereign debt crisis amid the coronavirus outbreak.
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1-Month HIBOR Up to 1.87%, Hiking for 8 Days Logging 1-month High
Overnight HIBOR last posted at 0.96571%, according to HKAB. Meanwhile, the 1-Month HIBOR related to mortgage rate last stood at 1.87643%, up for 8 days, marking a 1-month high.
23
Senate fails to advance coronavirus stimulus package
The Senate on Sunday failed to clear a key procedural hurdle on a $1.6 trillion emergency rescue package, raising pressure on both parties to try again to reach a deal to address the economic devastation of the coronavirus outbreak.
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UK could face Italy-style lockdown, warns Boris Johnson
The public must stop congregating in public or face new coronavirus enforcement measures within 24 hours, Boris Johnson has said, amid growing concern that his previous attempts to encourage social distancing were being ignored.
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Morgan Stanley sees U.S. economy plunging 30% in second quarter
Morgan Stanley economists said the coronavirus will inflict a deeper recession on the U.S. than previously expected, including a record 30.1% drop in gross domestic product in the second quarter.
20
China to ramp up spending to revive economy, could cut growth target - sources
China is set to unleash trillions of yuan of fiscal stimulus to revive an economy expected to shrink for the first time in four decades amid the coronavirus pandemic, while a planned growth target is likely to be cut, according to four policy sources.
20
Putin won’t cave in to Saudi oil-price blackmail
Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signalling the price war that’s roiling global energy markets will continue.
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Coronavirus: 'Radical' money printing plan being considered by the Bank of England
The coronavirus represents an unprecedented economic "emergency" and the Bank of England will do anything it takes - even radical money printing operations - if it needs to, the new governor has said.