The global spread of the
novel coronavirus will wipe out any hope of stronger growth in
2020, International Monetary Fund Managing Director Kristalina
Georgieva said on Wednesday, adding a third of the Fund's 189
member countries were now affected.
The Central Bank of Jordan said
it would cut its main interest rates by 50 basis points on
Thursday, following the U.S. Fed's 50 bps rate cut on Tuesday,
to encourage consumption and investment needed to spur economic
General Electric Co predicted on
Wednesday that the coronavirus would wipe out a substantial
chunk of industrial free cash flow in the first quarter, but
stuck to full-year financial targets the company set in January.
Insurance company board members
with different skills and experience reduce the risk of
"groupthink", the Bank of England said on Wednesday, reminding
firms to comply with requirements to have a diversity policy.
Canada plans to focus its next
budget on tackling climate change and its effects but the
insurance industry, amid skyrocketing costs, is concerned the
government will move too slowly on the key first step of mapping