The United Arab Emirates' central
bank will reassess its forecast for economic growth in 2020 due
to the coronavirus outbreak, said Magda Kandil, chief economist
and head of research and statistics at the bank.
Southeast Asian stock markets rose
sharply on Tuesday, with Indonesia posting its biggest intraday
gain in over 4 years, as expectations grew global central banks
will ease policies to cushion the economic impact from a
Equities worldwide took a beating l
Australia's central bank cut
interest rates to record lows on Tuesday in what is expected to
be the first in a spate of policy stimulus around the world to
fight the economic fallout from the coronavirus.
SoftBank Group Corp
Chief Executive Masayoshi Son, under pressure from hedge fund
Elliott Management to rein in his mercurial investment style,
turned on the charm in a meeting with U.S. investors on Monday,
but offered few concrete concessions.
G7 finance ministers and
central bank governors will hold a conference call on Tuesday
morning to discuss measures to deal with the widening
coronavirus outbreak and its economic impact, a U.S. Treasury
spokeswoman said on Monday.