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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Just a half hour before midnight Wednesday, the Federal Reserve announced further steps to try to stabilize U.S. financial markets rocked by the sudden pullback of economic activity stemming from the deadly coronavirus outbreak.
The government will consider various measures, including tax cuts, to deal with deepening damage to its economy from the coronavirus outbreak, Economic and Fiscal Policy Minister Yasutoshi Nishimura said on Tuesday, amid growing debate on the possibility of cutting sales tax.
The US government’s economic stimulus is ballooning into trillion-dollar territory — the largest rescue in modern American history — as major industries flood the Trump administration and Capitol Hill for aid while huge swaths of the economy stall from the coronavirus crisis.
Hong Kong's long reign as the pinnacle of free-market values has come to an end thanks to last year's anti-government unrest, with the Heritage Foundation crowning Singapore on Tuesday as its new global champion.
Hong Kong will quarantine for 14 days everyone entering the Chinese-ruled city from a foreign country starting from midnight on Thursday (March 19) to prevent an “explosion” of coronavirus cases around the world compromising one of the world’s most successful outbreak limitation campaigns.
Measures worth about $400 billion are already under way from the White House and Congress to offset the economic shock from the coronavirus -- and the administration is ready to double that figure, President Donald Trump’s economic adviser Larry Kudlow said Monday.
President Trump said Friday that the U.S. would purchase "large quantities" of crude oil in order to help the industry, which has been hit by sinking prices this week.
China’s industrial output contracted at the sharpest pace in 30 years in the first two months of the year as the fast spreading coronavirus and strict containment measures severely disrupted the world’s second-largest economy, data showed on Monday.