Posted at 02:12h
in
News
by KMFSLLP
Chinese shares and the yuan
weakened on Friday amid a global market meltdown triggered by
intensifying fears over the global spread of the coronavirus.

...
Posted at 02:03h
in
News
by KMFSLLP
Taiwan is ready to intervene to
ensure market stability using its National Stabilisation Fund,
its finance minister said on Friday, speaking just before the
island's bourse plunged more than 7% amid global alarm over the
coronavirus pandemic.
Posted at 01:50h
in
News
by KMFSLLP
Australian shares dropped 7% on Friday,
extending a sell-off that has put them on track for their
biggest weekly drop ever as the rapidly-spreading coronavirus
fanned fears of a global recession.

...
Posted at 01:39h
in
News
by KMFSLLP
Hong Kong's stock
market slid into a bear market as a 7.4% plunge in share prices
at Friday's open dragged the benchmark Hang Seng Index
over 20% below its January high,

...
Posted at 01:20h
in
News
by KMFSLLP
* For interactive graphic tracking global spread of
coronavirus:
open https://tmsnrt.rs/3aIRuz7 in an external browser

...
Posted at 00:22h
in
News
by KMFSLLP
Australia's central bank
injected an unusually large amount of cash into the financial
system on Friday as panic selling across global markets driven
by the coronavirus threatened to drain liquidity and push up
borrowing costs.
Posted at 00:02h
in
News
by KMFSLLP
Andrew Bailey says further spending not needed after TSB meltdown
...
Posted at 23:49h
in
News
by KMFSLLP
The U.S. House Financial
Services Committee will postpone all of its remaining public
hearings for March due to the coronavirus outbreak, according to
a statement by Chairwoman Maxine Waters on Thursday.
(Reporting by Makini Brice)
Posted at 23:44h
in
News
by KMFSLLP
As trading ended on
Thursday in Wall Street's worst day for three decades,
shell-shocked investors had no idea how much further the market
was likely to fall as the coronavirus pandemic spread fear of a
global recession.
Posted at 23:11h
in
News
by KMFSLLP
Crushing asset sell-offs
ranging from bitcoin to precious metals and European stocks
accompanied Wall Street's slide into bear market territory on
Thursday, as investors liquidated positions across their
portfolios to raise cash.
Bitcoin dropped 26%, marking its largest fall in
seven years, as fears of the coronavirus' economic impact
unnerved investors. Palladium...