U.S. stock index futures indicated a lower open on Tuesday after a statement by the G-7 failed to assuage investor concerns over how the biggest global economies will curb the economic impact of the coronavirus. Futures also pointed to declines after a report said a New York City high school was closed due to a […]
Tag: World economy
China reports 648 new cases, South Korea cases spike
South Korean health officials spray disinfectant in front of the Daegu branch of the Shincheonji Church of Jesus in the southeastern city of Daegu on February 21, 2020. Jung Yeon-je | AFP | Getty Images 10:10 pm: President Trump says China’s Xi is doing a ‘good job’ combating coronavirus President Donald Trump on Sunday repeated […]
China death toll at 1,665, American tests positive in Malaysia
A girl wearing a face mask plays on her scooter at a park in Beijing on February 15, 2020. Wang Zhao | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 7:21 pm: Taiwan confirms first coronavirus death on island Taiwanese health authorities […]
US industrial production January 2020
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing slowed production of civilian aircraft, the Federal Reserve said on Friday. The Fed said manufacturing production fell 0.1% […]
Next two weeks critical for China in coronavirus outbreak
The next two weeks will be crucial in determining the economic impact of the coronavirus, says International Monetary Fund (IMF) Managing Director Kristalina Georgieva. In that time, factories are due to re-open in China, which would give a “better understanding on the resilience of China and on that basis, the spillover for the rest of […]
China calls for reasonable use of gear, death toll rises
People wearing protective face masks walk inside a mall in Shanghai on February 8, 2020. Noel Celis | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 7:28 pm: China pledges more than $10 billion to fight virus All levels of China’s government […]
New coronavirus will likely push China to step up stimulus
A man rides a bike though an almost empty Nanjing Road, usually a busy commercial street, in Shanghai, China, on Wednesday, Jan. 29, 2020. Qilai Shen | Bloomberg | Getty Images BEIJING — The Chinese government is beginning to pour out billions to help those affected by the new coronavirus, and analysts expect more support […]
Brexit is happening: What happens next
The U.K. will leave the EU on Friday evening after 47 years of membership, marking one of the biggest political and economic shifts in modern Europe. Brexit brings about the end of a tumultuous three-and-a-half year departure process that has caused turmoil in the U.K.’s political establishment, economic uncertainty and heightened tensions between the U.K. […]
Davos 2020: Trump says he ‘could get used to’ negative interest rates: ‘Love that’
“Even now because the United States is by far the strongest financial energy on the planet, it isn’t even shut. … We’re compelled to compete with nations which might be getting destructive charges, one thing very new,” Trump stated in his deal with on the World Economic Forum in Davos, Switzerland. “Meaning, they receives a […]
‘We have it totally under control’
“We have it completely beneath management,” Trump informed “Squawk Box” co-host Joe Kernen in an interview from the World Economic Forum in Davos, Switzerland. “It’s one individual coming in from China. We have it beneath management. It’s going to be simply advantageous.” The CDC on Tuesday mentioned a Snohomish County, Washington state, resident who […]