CORONAVIRUS PANDEMIC WILL CAUSE THE WORST RECESSION, OECD WARNS

Highlights

• Business activity has observed a steep decline due to strict lockdowns and travel restrictions
• The effects will be long-lasting, recovery will be slow  

The Organization for Economic Cooperation and Development (...

PEOPLE’S BANK OF CHINA ANNOUNCES TO PUMP 550 BILLION YUAN INTO ITS BANKING SYSTEM

Highlights

•    It is to spur additional lending to factories and households

•    It is in response to deal with the impacts of the coronavirus outbreak

On Friday, China’s central bank joined its US and E...

Amid the German recession fear, the US stocks continues to fight back

US stocks recouped and shortened a rally in government securities on Wednesday as financial specialists pushed back against developing worries over worldwide development, after a trio of national banks sliced loan fees and crisp cautioning signs rose over the strength of the German economy. The m...