Asian bonds recorded their biggest foreign outflows in at least seven years in March, as investors turned risk averse on concerns over the coronavirus outbreak and chased safer assets such as the U.S. dollar and money market instruments.
The rouble opened stronger on Monday, helped by rising oil prices after OPEC and allies led by Russia agreed to a record cut in output to prop up crude prices, though the coronavirus pandemic continues to haunt the Russian market.
(RTTNews) - Asian stocks fell in thin holiday trade on Monday as the global Covid-19 death toll increased to 114,245 and the overall infections to 1,850,527, according to data compiled by the Washington-based Johns Hopkins University.
Saudi Arabian stocks fell in early trade on Monday, extending losses from the previous session, as record output cuts by the kingdom and other oil-producing countries was dwarfed by April demand slump.
Some of Japan's ubiquitous convenience stores have taken a novel approach to social distancing by hanging plastic sheets from the ceiling to provide a barrier between customers and staff at the cash register during the coronavirus pandemic.
Istanbul's bank stock index tumbled more than 2% early on Monday after Turkey's regulator sharply curbed lenders' ability to conduct foreign exchange swaps in a further clampdown on volatility and speculation in the lira.
The sukuk market will likely a see significant reduction in issuance volumes in 2020 as lower oil prices and the novel coronavirus hurt key sectors in core Islamic finance countries, S&P Global Ratings said on Monday.
(RTTNews) - Fiserv Inc.'s top executives are taking temporary base salary pay cuts to compensate employees, who experience financial hardship due to the COVID-19.
S upport is growing for debt relief to help the world's poorest, indebted nations - most of them in Africa - confront the economic havoc wreaked by COVID-19. But there is one big question mark: China.
China's northeastern border with Russia has become a frontline in the fight against a resurgence of the coronavirus epidemic as new daily cases rose to the highest in nearly six weeks - with more than 90% involving people coming from abroad.
(RTTNews) - Smithfield Foods, Inc. (SFD) announced its Sioux Falls, SD facility will remain closed until further notice. The company said it will resume operations in Sioux Falls once further direction is received from local, state and federal officials.
Authorities in northern Vietnam have ordered people working at a unit of Samsung Display in the country to be quarantined after a worker there tested positive for the new coronavirus.
(RTTNews) - European markets remain closed today for Easter Monday. Asian stocks traded mostly lower in thin holiday trade, with markets in Hong Kong, Australia and New Zealand closed for a public holiday.
The yuan started on a softer footing on Monday despite a firmer-than-expected midpoint, as a rise in coronavirus cases on the Chinese mainland and bearish economic data this week will likely show the economy hit hard by the pandemic.
Japanese government bond (JGB) prices were mostly steady on Monday, with trading volume remaining low amid absence of foreign investors due to the Easter holidays.
The United Arab Emirates (UAE) central bank has urged commercial lenders to use the $70 billion-worth of capital and liquidity measures launched by the regulator to support the economy during the coronavirus outbreak.
The coronavirus pandemic has slashed costs for foreign investors seeking to neutralize the currency exposure of owning dollar-denominated assets, making U.S. securities more attractive and providing additional boost for the nation's fixed income market.
(RTTNews) - LSC Communications, Inc. (LKSD) and most of its U.S. subsidiaries has voluntarily filed for Chapter 11 Bankruptcy. LSC's subsidiaries in Mexico and Canada are not included in the court proceedings and will continue to operate in the normal course.
India is planning to restart some manufacturing after April 15 to help offset the economic damage of a nationwide coronavirus lockdown, two government sources said, even as it weighs extending the lockdown.