SINGAPORE (REUTERS) - World stock markets fell on Thursday (April 16), while bonds and the US dollar held on to hefty gains, after a coronavirus-driven plunge in US retail sales and factory production and increasing gloomy economic outlooks for Asia.. Read more at straitstimes.com.
SINGAPORE - World stock markets fell on Thursday , while bonds and the US dollar held on to hefty gains, after a coronavirus-driven plunge in US retail sales and factory production and increasing gloomy economic outlooks for Asia.
Australia's S&P/ASX 200 erased this week's gains to trade 1.4 per cent lower while South Korea's Kosspi Index declined 0.7 per cent. Benchmark indexes in Australia, Korea, Hong Kong and Shanghai also posted falls between 0.3 per cent and 1.5 per cent. China is expected to report on Friday that the health crisis likely knocked its economy into its first decline on record.
CURRENCIES CAUTIOUS The grim outlook was further underscored by warnings from major US banks Goldman Sachs Group Inc and Citigroup Inc of future loan losses as they posted drops in profits.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Covid-19 lesson from Singapore: Why the US may need to think biggerNEW YORK — Many experts are beginning to coalesce around a set of benchmarks that could help determine when it might be safe to reopen parts of the country. But even though most areas of the United States are nowhere near achieving the goals necessary to do so, there has been a push to relax social distancing soon.
Read more »
US awards airports US$10 billion in grants amid travel falloffThe U.S. Transportation Department on Tuesday awarded nearly US$10 billion to U.S. airports struggling with a massive falloff in travel demand ...
Read more »
US returns US$300m of 1MDB funds to MalaysiaWASHINGTON: The US Justice Department announced on Tuesday (Apr 14) it had sent US$300 million in funds stolen in the 1MDB corruption scandal to ...
Read more »
Airbnb secures new US$1 billion loan on top of US$1 billion bond dealAirbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new US$1 billion loan just days ...
Read more »
North Korea hacking threatens US, other countries, international financial system: US State DepartmentThe U.S. State Department, Treasury, and Department of Homeland Security Issues, along with the FBI, issued an advisory on Wednesday about North ...
Read more »
North Korea hacking threatens US and global financial system: US officialsU.S. government officials warned on Wednesday about the threat of North Korean hackers, calling particular attention to banking and other finance.
Read more »