Prime Minister Narendra Modi Reiterating that the future needs...
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Indian insurance industry providing a higher return on equity than developed markets: IRDAI Chairman
Debasish Panda,chairman,IRDAI ``Indian insurance companies on...
Pandemic sets back Asia-Pacific’s poverty fight by 2 years – ADB
At least 20% of developing Asia's population were either extremely...
Virus-hit stocks shed $3 trillion; safe havens thrive
-In the United States, Microsoft became the second trillion-dollar company to warn about its results after Apple. X. Its Frankfurt-listed shares were down 4%.
-Global equities have now fallen for six straight days. Wall Street’s so-called fear gauge was near its late 2018 highs.
Sensex drops over 1100 pts as Coronavirus pandemic fears grow
On a net basis, foreign institutional investors sold equities worth Rs 3,336.60 crore, while domestic institutional investors bought shares worth Rs 2,785.67 crore on Wednesday, data available with stock exchanges showed.
Global recession likely if coronavirus becomes pandemic: Moody’s Analytics
“COVID-19 is battering the global economy in numerous ways. Chinese business travel and tourism has all but stopped; global airlines are not going to China and cruise lines are cancelling most Asia-Pacific itineraries. This is a huge problem for major travel destinations, including in the US, where some 3 million Chinese tourists visit each year,” Moody’s Analytics said.
Coronavirus could wipe out $1 trn of global GDP
Oxford Economics Ltd. reckons an international health crisis could be enough to wipe more than $1 trillion from global gross domestic product. That would be the economic price tag for a spike in workplace absenteeism, lower productivity, sliding travel, disrupted supply chains and reduced trade and investment.
Global funds load up on Indian stocks as virus shelter in Asia
Some observers still see lingering domestic issues as a threat to the economic rebound. While Indian stocks have been more resilient than others, “worries over the slowing domestic growth, as well as concerns over the liquidity and solvency of the non-bank financing sector remain,” said Kristy Fong, an Asian equities investment director at Aberdeen Standard Investments in Singapore.
New Delhi is world’s most polluted capital for second straight year: Study
Last year, residents of New Delhi, home to more than 20 million people, could breathe “moderate” to “satisfactory” air only for four days in November and December, when pollution levels peaked.
How deadly is new coronavirus? It maybe too early to tell
As infections of the virus that causes COVID-19 surge in other countries, even a low fatality rate can add up to lots of victims, and understanding why one place fares better than another becomes critical to unravel.
Hong Kong to give big cash handouts as economy reels from virus
Last week Hong Kong’s government announced an HK$30 billion relief fund for those hit hardest by the virus outbreak, including cash handouts for businesses like restaurants and travel companies.
Markets are overreacting to threat of Coronavirus: Allianz CEO Baete
“There’s a lot of panic at that moment that’s not warranted,” said Baete. “Short-term economic activity will contract and it will have an impact on global GDP, but it’s not like the world will end tomorrow.”
WHO warns of pandemic risk after coronavirus peaks in China
The situation is worsening in other countries, with more than 2,000 cases and 30 deaths reported abroad, prompting a raft of restrictions on travellers from infected nations.