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CORONAVIRUS TURMOIL
Asia shares mostly lower amid rising coronavirus cases, Washington turmoilJapan's Nikkei slipped 0.48 per cent, South Korea's KOSPI fell 0.91 per cent and Hong Kong's Hang Seng index futures lost 0.54 per cent.- Greek economy may contract 11% percent in 2020, central bank saysThe government now expects a contraction in output of around 10.5%, according to the latest 2020 projections in the 2021 government budget ...
- The US economy under Donald Trump: By the numbersTrump inherited an economy with already-low unemployment of 4.7 percent when he took office in January 2017, less than half the peak hit in...
- Pakistan political crisis could impact CPEC, economic growthOpposition parties in the country led a joint rally protesting against Prime Minister Imran Khan's "puppet" government and the Army.Besides...
- Transporters demand relief package;warn supply of goods, essentials will be hitThe coronavirus turmoil and the nationwide lockdown have taken the road transport ecosystem to dreadful levels, AIMTC said pointing out tha...
- Investments on hold; important to tide over turmoil of coronavirus pandemic: Lohia AutoThe company, which manufactures both diesel and petrol three-wheelers along with electric two and three-wheelers, is also gearing up to res...
- Finance, tech firms on hiring spree amid coronavirus turmoil: LinkedInAcross seven countries in North America, Europe and Asia, healthcare providers are among the busiest recruiters given the ongoing battle ag...
- Oil heads for another weekly slide on coronavirus turmoilUS oil fell by 84 cents, or 5.09 per cent, to $15.66 a barrel, having surged 20 per cent in the previous session.
- Eight out of 10 firms believe impact of coronavirus bigger than 2008 downturn: ReportThe IT research firm’s report, which surveyed 630 respondents across IT services providers, enterprises, analysts to understand the impact ...
- Slides of March make FY20 worst year since 2009PSU banks worst hit, followed by media, metal and auto sectors.
- Kishore Biyani family may have breached collateral loan termsThe founding family of Amazon.com Inc's brick and mortar retail partner in India breached loan terms, according to people with knowledge of...
- Rupee plunges 73 paise to 74.96 against US dollarForeign portfolio investors (FPIs) have withdrawn nearly Rs 70,000 crore on a net basis from the Indian markets in March so far.
- Exporters hard hit by impact of coronavirus on global trade, seek urgent relief from govtEngineering exports for the April -January 2019-20 to the US aggregated to $9.87 billion, followed by UAE ($3.58 billion), Germany ($2.56 b...
- Rupee reclaims lost ground, spurts 36 paise in mid-sessionIn the current month so far, FPIs have pulled out a whopping Rs 33,163 crore (USD 4.46 billion) from Indian capital markets.
- Warren Buffett says virus, oil ‘one-two punch’ still not as bad as 2008Buffett has sought to reassure investors as concerns over the spread of the coronavirus.
- Consumption stocks repeat 2008 outperformanceDespite the turmoil in the markets, about 15 stocks have managed to buck the trend both in 2008 and in the current mayhem.
- Bitcoin plunges through $6,000 in worsening crypto routThe largest digital currency at one point tumbled to $5,705.31.
- JPMorgan, Citigroup feast on equity derivatives in coronavirus panicTrading surged as investors rushed to bet on stock moves and protect their holdings.
- FII selling, coronavirus uncertainty behind rupee turmoil: Mahendra JajooConcern over the inability to predict coronavirus impact topped with selling by FPIs led to this uncertainty in the currency market, says C...
- Ray Dalio says market impact of coronavirus is ‘exaggerated’As manager of the world’s biggest hedge fund, Dalio should know what he’s talking about.
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