In a report, the Foreign Correspondents Club of China stated, the Chinese government has “weaponised” the issuance of visas as part of a stepped-up campaign to apply pressure on foreign journalists operating in the country. In February, China revoked the… Read More ›
Economists ar Goldman Sachs have predicted that the U.S. Federal Reserve is likely to cut interest rates before its next scheduled meeting in two weeks time, citing an unscheduled statement from the head of the U.S. central bank on Friday…. Read More ›
On Thursday, the European Union commissioner stated, the bloc was weighing options which includes measures to support those sectors which have been adversely hit by China’s coronavirus; it would however need more time to assess its precise economic impact. “It… Read More ›
On Thursday, Bank of America cut its world growth forecast to the lowest level since the peak of the global financial crisis in 2009. “We have cut our 2020 global growth forecast to 2.8% (from 3.2%). This would be the… Read More ›
On Thursday, with China’s coronavirus continuing to spread at its fastest pace outside China, shares continued to plunge downward wiping out more than $3 trillion in value in this week alone. U.S. Treasuries yields also hit their record lows on… Read More ›
In order to safeguard and weather the impact of China’s coronavirus from ravaging Singapore’s economy and help contain the outbreak in the country, Singapore announced financial packages worth around $4.5 billion on Tuesday. While delivering the budget speech, Singapore’s Finance… Read More ›
On Tuesday, Britain’s accounting watchdog stated, companies should disclose the financial impact that China’s coronavirus will have on their businesses, if any. Annual reports for 2019 are due and companies are required by law to disclose the main risks and… Read More ›
Weakening demand in China along with lost production due to China’s coronavirus has prompted Apple Inc to revise its sales target which it set just three weeks ago. So far the coronavirus pandemic has killed 1,770 people in China with… Read More ›
According to a source familiar with the matter at hand, France’s Alstom SA is close to clinching a deal to acquire Bombardier Inc’s train business. An announcement could come as soon as Monday, said the source while adding that the… Read More ›
On Monday, China’s Great Wall Motor stated it had signed a binding agreement to purchase General Motors’ car plant in Thailand. General Motors is retreating from markets outside of the United States and China and is winding down designs, sales… Read More ›
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