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.
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.
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.
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.
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.
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.
China has announced a temporary ban on all foreign visitors, even if they have visas or residence permits.
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.
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.
The one-month and three-month Treasury bill yields turned negative Wednesday.
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.