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Coronavirus pandemic | Export sector starts feeling pinch of COVID-19: FIEO

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

  New Delhi: Exporters body FIEO on March 18 said export sector has started feeling the pinch of the outbreak of coronavirus as international buyers are asking to hold back shipments.   Federation of Indian Export Organsations (FIEO) said they are expecting...

Sensex, Nifty tumble over 5% as coronavirus fears grow

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

  BENGALURU: Indian shares skidded over 6% in the waning moments of trading on Wednesday, with financial stocks suffering the most, as fears of the economic damage from the coronavirus pandemic eclipsed sweeping stimulus moves from policymakers around the world....

IFRS 17 to be implemented from Jan 1st, 2023:IASB

by AIP Online Bureau | Mar 18, 2020 | Eco/Invest/Demography, International News, Life, Non-Life, Pension & Social Security, Reinsurance

  London: Finally,the International Accounting Standards Board (Board) on Tuesday has decided that the effective date of the Standard will be deferred to annual reporting periods beginning on or after January 1st,2023. The Board also decided to extend the...

COVID-19: What companies are missing?

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

  by Matt Craven, Linda Liu, Mihir Mysore, and Matt Wilson   At the time of writing, there have been more than 160,000 confirmed cases of COVID-19 and more than 6,000 deaths from the disease. Older people especially, are at risk . More than...

LIC sells 2.14 cr policies,exceeds its target for the fiscal

by AIP Online Bureau | Mar 18, 2020 | Indian News, Life

  Mumbai: A fortnight ahead of year end,the IPO bound Life Insurance Corporation (LIC) has created a new record by selling 2,14,22,370 policies as on March 17 as against 2,14,03,905 policies sold in 2019-20. The corporation is confident of crossing its target of...

Global stocks drop as investors shun risk on coronavirus fears

by AIP Online Bureau | Mar 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

TOKYO :  U.S. stock futures and several Asian shares fell in choppy trade on Wednesday, as worries about the coronavirus pandemic eclipsed hopes broad policy support would combat the economic fallout of the outbreak.   Most traditional safe-haven assets were...

Global powers throw cash at spiralling coronavirus crisis

by AIP Online Bureau | Mar 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

WASHINGTON/LONDON: The world’s richest nations prepared more costly measures on Tuesday to combat the coronavirus that has infected tens of thousands of people, triggered social restrictions unseen since World War Two and sent economies spinning towards...

Trump ‘going big’ with $1 trillion stimulus as U.S. coronavirus deaths top 100

by AIP Online Bureau | Mar 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  WASHINGTON/NEW YORK: The Trump administration said on Tuesday it was pursuing a $1 trillion stimulus package that could deliver $1,000 checks to Americans within two weeks to buttress the economy as the number of deaths from coronavirus nationwide crossed 100....

S&P lowers India’s growth forecast to 5.2% for 2020 amid Covid-19 pandemic

by AIP Online Bureau | Mar 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic.   The agency had earlier projected a growth rate of 5.7...

‘Single biggest shock’: Aviation battles coronavirus cash crunch

by AIP Online Bureau | Mar 17, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

SYDNEY/PARIS: Boeing and other U.S. aviation companies are seeking billions of dollars in aid as they battle to survive a plunge in demand caused by the coronavirus pandemic, while Airbus is pausing production at two sites to bolster health and safety measures.  ...
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