World shares extend losses as coronavirus continues to spread

World markets started the week with fresh losses as countries reported surging numbers of infections from the coronavirus that are forcing shutdowns of travel and business in many regions. Shares fell in London, Paris and Tokyo but surged 7 per cent in Australia after the government promised more recession-fighting stimulus. “We want to keep the engine of our economy running […]

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Indonesia president plans stricter rules on mobility, social distancing

JAKARTA (Reuters) – Indonesian President Joko Widodo said on Monday he plans to impose stricter limits on mobility between regions and also to implement a large-scale policy of social distancing to help curb the spread of coronavirus. “In implementing the policy of large scale social distancing, I ask that a regulation is prepared for clear guidance for provincial level governments,” […]

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Oil plunges to 2002 lows, shares sink again

LONDON/SYDNEY (Reuters) – Oil took another eyewatering 8% tumble on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last for months. There were some bright spots, with Australian equities posting a standout jump as the government launched a super-sized support programme, but that was about it. Japan’s Nikkei had led the rest of […]

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Coffee importers stockpiling on fears over coronavirus lockdowns

NEW YORK (REUTERS) – Coffee importers in some of the largest consuming countries are stockpiling, bringing forward orders by up to a month to avoid shortages if supply chains are disrupted by coronavirus lockdowns. The global pandemic has prompted governments around the world to impose severe restrictions on movement in a bid to stem the spread of the virus. Supply […]

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EasyJet grounds entire fleet of planes over coronavirus pandemic

EasyJet has grounded its entire fleet of planes due to the coronavirus crisis. The budget airline says it does not know when it will return and that staff have been placed on furlough. It said in a statement: "As a result of the unprecedented travel restrictions imposed by governments in response to the coronavirus pandemic and the implementation of national […]

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Coronavirus Live Updates: 200,000 Americans Could Die, Warns Top Health Officials

President Trump extended social distancing guidelines to April 30 as cases in the U.S. topped 140,000. The doctors advising him said without any restrictions on movement that more than 1 million Americans could die. Right Now Seattle, once home to the largest outbreak in the United States, has seen a decline in transmissions after imposing strict containment strategies. 新冠病毒疫情最新消息 Here’s […]

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Asia shares suffer virus chills, central banks offer what they can

SYDNEY (Reuters) – Asian shares slid on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies despite central banks’ best efforts. “We continue to mark down 1H20 global GDP forecasts as our assessment of both the global pandemic’s reach and the damage related […]

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Shanghai tops world's IPO league table despite coronavirus

HONG KONG/SHANGHAI (Reuters) – Shanghai has topped global initial public offering (IPO) league table for the first time in nearly three years, even as the coronavirus epidemic which originated in China rocked markets around the world. A total of 33 companies raised $7.31 billion floating on the Shanghai main board and the city’s start up-focused STAR market, according to Refinitiv […]

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Trump extends virus restrictions beyond Easter

President Donald Trump has said coronavirus restrictions such as social distancing will be extended across the US until at least 30 April. “The highest point of the death rate is likely to hit in two weeks,” Mr Trump said on Sunday, adding: “Therefore we will be extending our guidelines.” Dr Anthony Fauci, the face of the Trump administration’s coronavirus task […]

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