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CORONAVIRUS SHOCK
WHO states strike deal to extend talks on pandemic treatyWorld Health Organization member states will continue talks on a pandemic treaty for another year. Discussions focus on sharing access to d...- China's December factory prices fall at slowest pace in 10 monthsThe data comes as manufacturing activity in the world's second-largest economy expanded in December but at a slightly slower pace amid high...
- Ten ways coronavirus has changed the world economyHere is an overview of some of the transformations.
- S&P downgrades ratings of Australia's two top statesS&P on Monday downgraded credit ratings for Australia's two economic powerhouses of New South Wales and Victoria as the coronavirus pandemi...
- Pakistan's economy to grow 1.5-2.5 per cent in current fiscal: ReportIn its annual report for the fiscal 2019-20 released on Wednesday, the State Bank of Pakistan (SBP) said the nation's economy seems poised ...
- Coronavirus doing almost double the debt damage as financial crash - Moody'sA new report by Moody's looked at 14 countries from the United States and Japan to Italy and Britain and assessed how coronavirus-induced e...
- Bridge To India lowers India's solar, wind power capacity addition outlook over 2020-2024Clean energy consultancy Bridge To India has lowered India's solar and wind power capacity addition estimate over 2020-2024 citing weak eco...
- Millions of jobs could be permanently lost in reallocation shockThe pandemic is inflicting a “reallocation shock” in which firms and even entire sectors suffer lasting damage.
- French economy to shrink about 10% this year, recovery mid-2022The French economy will likely shrink about 10 percent this year due to the coronavirus pandemic and will not recover to pre-crisis levels ...
- Renault India hikes employees’ salary by up to 15% despite Covid-19 shockDespite the lockdown drying out cash flows, Renault India Private Limited (RIPL) has gone ahead with promotions of over 30 executives and a...
- World Bank slashes outlook for oil, metals as coronavirus crushes demandOil is expected to average $35 a barrel this year, down 43 per cent from the average in 2019.
- Brave New World: Where is gold headed? Fed balance sheet telling somethingUS energy stocks are weaker than they have been since the Great Depression relative to the broader S&P 500
- View: Investors will emerge from ‘fog of war’ in unfamiliar terrainHuge central bank intervention can — and should — minimize the risk of market failures.
- 'Crowded' Treasuries see yields spike after poll reveals scrambleYields have quickly snapped back higher as the prospect of "helicopter money" grows, with governments proposing unprecedented stimulus prog...
- Indian carriers may ground 150 planes; stare at quarterly loss on coronavirus impact: ReportAll Indian airlines will report significant losses in the first quarter of this year and may initially ground around 150 planes as the shoc...
- Moody's cuts base metals outlook to negative on slowing global growthConcerns over global economic growth decelerating have only increased.
- How coronavirus attacks? Study of 56k patients reveals it stage by stageThere is widespread panic across the world about Covid-19 caused by the novel coronavirus. But what does this insidious infection agent do ...
- Crude price war can send oil crashing to $20: Here’s what analysts projectAnalysts said this suggests oil players are uncertain about the demand for crude oil amid the coronavirus outbreak.
- World stocks toppled by coronavirus shock, oil price crashThe shock in oil was seismic as Brent crude futures slid $13.53 to $31.74 a barrel in chaotic trade, while US crude shed $13.45 to $27.83.
- Apple's coronavirus shock shows it is still handcuffed to the iPhoneApple's earnings warning is an unfortunate reminder that it remain 'the iPhone company'.
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