William Ackman's publicly traded hedge
fund gained nearly 3% this year, though the billionaire investor
warned of volatility ahead as world markets reel under the
economic hit from the coronavirus epidemic.
The Reserve Bank of New Zealand (RBNZ)
still does not need to use alternative monetary policy but is
considering steps to ensure strong and sustained economic
growth, Governor Adrian Orr said in a speech on Tuesday.
South Korea will temporarily
tighten short-selling rules on stocks starting Wednesday after
the coronavirus outbreak pushed the nation's equities to the
brink of a bear market, the finance ministry said.
A crash in crude prices has
intensified pressure on the finances of Mexican state oil firm
Petroleos Mexicanos (Pemex), which is facing the threat of a
ratings downgrade after posting one of its worst-ever losses