Malaysia's banking system
has sufficient liquidity to ease financial strains and support
intermediation activities, the central bank said on Tuesday, as
a coronavirus pandemic sharply slows economic growth.
Australian shares rose sharply on
Wednesday, tracking Wall Street gains on hopes U.S. lawmakers
were moving closer to passing a massive stimulus package to curb
the coronavirus outbreak's economic impact.
South Korea's central bank plans
to inject dollars into local financial markets this week using a
currency swap with the U.S. Federal Reserve to help ease a
growing dollar shortage in onshore markets, a senior bank
At least two more New York
Stock Exchange floor traders tested positive for the coronavirus
on Tuesday despite measures taken to prevent people infected by
the virus from entering the exchange while it remained
physically open last week, according to a memo seen by Reuters.
The administration of U.S. President
Donald Trump is debating if it should defer payments of duties
on imported goods from around the world for three months,
Bloomberg reported on Tuesday, citing people familiar with the
The U.S. Federal Reserve
has hired asset management giant BlackRock to help it execute
the purchase of commercial mortgage-backed securities announced
this week as part of the central bank's aggressive efforts to
shore up the U.S. economy.
Lebanon faces a complex and
difficult debt restructuring that could take up to two years,
Morgan Stanley has estimated, though the recent slump in its
bonds has left them looking cheap even if the harshest scenarios