Australia's AMP Ltd reported
on Thursday a A$19.4 billion ($12.22 billion) decline in assets
under management across its wealth management business in the
first quarter as the coronavirus pandemic wreaked havoc on
Hungary's central bank is
ready to take further steps to mitigate the economic impact of
the coronavirus crisis and plans to launch its bond-buying
programme early next month, Governor Gyorgy Matolcsy told the
Figyelo weekly on Thursday.
Mainland Chinese stocks
inched down on Thursday as the economic uncertainty sparked by
the coronavirus outbreak kept share prices under pressure,
making investors reluctant to chase the previous session's
U.S. shale producers,
refiners and pipeline companies are scrambling for cash and face
likely restructuring as they struggle under heavy debt loads and
a dual supply/demand shock in the worst crisis the oil industry
Southeast Asian shares rose on
Thursday, taking cues from Wall Street that rose overnight after
oil prices recovered and the U.S. Congress looked set to approve
a fresh fiscal package.
The House of Representatives is expected to clear a relief
package worth $484 billion later on...