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Cash is king as emergency stimulus fails to stop market panic

by AIP Online Bureau | Mar 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

SINGAPORE: The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, the United States and Australia failed to halt a fresh wave of panic selling.“There’s no buyers, there’s not much liquidity and...

India mulls up to $1.6 billion rescue plan for aviation sector after coronavirus – sources

by AIP Online Bureau | Mar 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

New Delhi: India is planning a rescue package worth as much as $1.6 billion for the aviation sector, which has been battered after the coronavirus outbreak forced countries to close borders and brought air travel to a near-halt, two government sources told Reuters....

Sensex plummets over 2,100 pts; Nifty drops below 7,900

by AIP Online Bureau | Mar 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  Mumbai: Equity benchmark Sensex plummeted over 2,100 points and the Nifty gave up the 7,900 level in opening session on Thursday as global gloom over the Covid-19 pandemic continued to hammer equities.   India has reported 169 cases of Covid-19 till now,...

Stunned world grapples with ‘once-in-100-year’ coronavirus battle

by AIP Online Bureau | Mar 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

MADRID/BEIJING: Hundreds of millions of people worldwide were adjusting on Wednesday to once-in-a-generation measures to battle the coronavirus crisis that is not only killing the old and vulnerable but also threatening prolonged economic misery. The fast-spreading...

Checking Coronavirus: ADB announces $6.5 bn package for developing member countries

by AIP Online Bureau | Mar 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Manila: The Asian Development Bank (ADB) on Wednesday announced a USD 6.5 billion package for its developing member countries to fight the coronavirus pandemic. The initial package has been announced to address the immediate needs of developing member countries...
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