Business News

Japan's Abe vows unprecedented stimulus as Tokyo virus cases rise

As infections began to rise the world's third-largest economy is taking steps to cushion Japan's economy amid the coronavirus pandemic

Mar 28, 2020

By Reuters

Coronavirus

Jeff Bezos pulls out of $90 million LA property deal

Reports revealed that Amazon CEO Jeff Bezos bought the property in LA for $90 million as an investment

Mar 28, 2020

By IANS

Trumps orders General Motors, Ford to make ventilators to fight coronavirus

Trump in a tweet also said that he would be invoking the Defense Production Act, which would force companies to produce such equipment

Mar 28, 2020

By R. Ghosh

Coronavirus

Airports start to lay off workers as Covid-19 halts traffic

Also, a large number of security staff and other workers in airports have tested positive for coronavirus of the past couple of weeks

Mar 28, 2020

By R. Ghosh

Coronavirus

G20 leaders to inject $5 trillion into global economy in fight against coronavirus

G20 leaders also expressed concern about the risks to fragile countries, notably in Africa, and populations like refugees

Mar 27, 2020

By Reuters

Coronavirus

US unemployment claims touch record high as coronavirus hits hard

The numbers hit a record high of 3.28 million, topping the Great Recession peak of 665,000 in March 2009 and all-time high of 695,000 in October 1982

Mar 27, 2020

By R. Ghosh

Coronavirus

US allocates $58 billion to bail out airlines amid coronavirus crisis

Of the $58 billion, the bill grants $25 billion in the form of loans and loan guarantees for passenger airlines

Mar 27, 2020

By R. Ghosh

Coronavirus

Time to buy stocks again, market mavens say

BlackRock and Credit Suisse stated on Thursday that they had turned slightly bullish on the risk assets

Mar 26, 2020

By Reuters

Coronavirus

Distressed debt in US reaching as high as 2008 amid COVID-19 crisis; Expert says no quick recovery

Distressed debt in the US has quadrupled to $1 trillion right now, in less than a week, expert says there is no quick recovery

Mar 26, 2020

By Vinay B.S.

Coronavirus

Gold steadies as dollar dips ahead of US jobs data

The US Senate on Wednesday overwhelmingly backed a $2 trillion bill that is aimed at helping unemployed workers and industries hurt by the coronavirus

Mar 26, 2020

By Reuters

Coronavirus

Bank of Japan announces negative interest rates

Bank of Japan newcomer rejects rate cut as a tool for fighting Coronavirus impact

The BOJ has eased the monetary policy earlier this month by increasing all the purchases of the risky assets

Mar 26, 2020

By IBTimes SG Desk

Coronavirus

Resilience Budget: Singapore is setting aside additional $48.4 billion for Coronavirus crisis

The Singapore government is setting aside a further $48.4 billion to support businesses, workers and families in the Republic

Mar 26, 2020

By IBTimes SG Desk

Coronavirus

China's factories reopen, only to fire workers as Coronavirus shreds global trade

Shi stated that his fabric supplier in hard-hit Italy suspended operations on Sunday, meaning no fresh raw materials from May

Mar 26, 2020

By Reuters

Coronavirus

Carmakers join coronavirus war: Kia, Fiat plan to make masks, Volkswagen hospital ventilators

Governments are urging automakers help in speeding up production of ventilators and other medical equipment that could help gap the shortage

Mar 26, 2020

By R. Ghosh

Coronavirus

White House and Senate reach $2 trillion coronavirus stimulus deal: Here's what's in the package

The stimulus package includes a range of provisions to help the economy fight the coronavirus outbreak and bounce back to normal

Mar 26, 2020

By R. Ghosh

Coronavirus

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