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BOJ reassurance on coronavirus bolsters speculation of global policy action

Leika Kihara, Reuters
Posted at Mar 02 01:55 PM

Bank of Japan Governor Haruhiko Kuroda's comments, made in an emergency statement just days after a similar move by Federal Reserve Chair Jerome Powell, were welcomed by markets as a signal the world's biggest central banks were mustering a coordinated response to the crisis. Read more »

World prepares for coronavirus pandemic; global recession forecast

Stephanie Nebehay and Ryan Woo, Reuters
Updated as of Feb 28 11:17 AM

Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, countries started stockpiling medical equipment and investors took flight in expectation of a global recession.   Read more »

Coronavirus threatens global economy as WHO warns no country will be spared

Stephanie Nebehay, Michael Shields and Parisa Hafezi, Reuters
Posted at Feb 28 09:20 AM

With new infections reported around the world now surpassing those in mainland China, World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus said even rich nations should prepare. Read more »

Stocks, oil prices slide as virus sweeps globe

Agence France-Presse
Posted at Feb 26 09:51 PM

Stock markets and oil prices slid again Wednesday, as major companies began to count the financial cost of the spreading coronavirus. Read more »

Coronavirus puts 'fragile' global recovery at risk: IMF to G20

Anuj Chopra and Haitham El Tabei, Agence France-Presse
Posted at Feb 24 09:04 AM

Global growth was poised for a modest rebound to 3.3 percent this year, up from 2.9 percent last year, International Monetary Fund chief Kristalina Georgieva said after a two-day meeting of G20 finance ministers and central bank governors in Riyadh. Read more »

Apple, HSBC, Jaguar catch virus as fallout on world economy grows

The New York Times
Posted at Feb 19 08:21 AM

Economic fallout from the coronavirus epidemic continued to spread Tuesday, with new evidence emerging in manufacturing, financial markets, commodities, banking and other sectors. Read more »

Japan economy logs worst drop in over 5 years

Agence France-Presse
Posted at Feb 17 10:15 AM

The nation's gross domestic product in the three months to December shrank 1.6 percent from the previous quarter, before the novel coronavirus outbreak in China hit Japan. Read more »

Coronavirus could damage global growth in 2020: IMF

Agence France-Presse
Posted at Feb 16 10:34 PM

The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid economic rebound could follow. Read more »

IMF chief sees 'mild' virus impact on global economy

Agence France-Presse
Posted at Feb 13 08:33 AM

The IMF is expecting a "V-shaped impact," with a sharp decline in activity in China followed by a sharp recovery, meaning there likely will only be a "mild impact on the rest of the world," Georgieva said on CNBC. Read more »

G-20 to focus on impact of coronavirus on global economy

Kyodo News
Posted at Feb 11 09:14 PM

Finance chiefs from the Group of 20 major economies will focus on the impact of the spread of a new coronavirus on the world economy when they meet later this month in Saudi Arabia, G-20 sources said Tuesday. Read more »

Why new virus from China threatens global economy more than SARS

Peter S. Goodman, The New York Times
Posted at Feb 03 03:04 PM

Apple, Starbucks and Ikea have temporarily closed stores in China. Shopping malls are deserted, threatening sales of Nike sneakers, Under Armour clothing and McDonald’s hamburgers. Read more »

Chinese markets plunge as rising virus death toll fuels fears for global growth

Reuters
Posted at Feb 03 11:35 AM

Chinese stock and commodity markets plunged at the open in their first session since Jan. 23, when the outbreak of the newly identified virus had claimed only 17 lives in Wuhan city in Hubei province. Read more »

Airlines cut China flights as companies restrict travel on virus fears

Tracy Rucinski, Josh Horwitz and Heekyong Yang, Reuters
Posted at Jan 29 08:30 AM

The coronavirus that originated in the city of Wuhan has killed 106 people in China and spread across the world, rattling financial markets. Read more »

Global stocks mixed as Chinese virus spreads, oil prices drop

Agence France-Presse
Posted at Jan 25 06:50 AM

European stocks rallied Friday while Wall Street equities tumbled along with oil prices as markets weighed the potential impact of a spreading viral illness in China. Read more »

How China virus outbreak threatens the global economy

Alexandra Stevenson, The New York Times
Posted at Jan 24 12:08 PM

On the minds of many in China and around the world right now: Could this new virus cause the same kind of damage as the SARS epidemic, which killed 800 people in 2003? Read more »

US, China set to sign vital trade truce

Heather Scott, Agence France-Presse
Posted at Jan 15 12:38 PM

Although tariffs on hundreds of billions of dollars of two-way trade will remain in place, likely at least until after President Donald Trump faces reelection in November, some of the uncertainty will go away. Read more »

Climate crisis to reshape finance: BlackRock CEO

Andrew Ross Sorkin, The New York Times
Posted at Jan 15 08:41 AM

BlackRock is the world’s largest asset manager with nearly $7 trillion in investments, and this move will fundamentally shift its investing policy — and could reshape how corporate America does business and put pressure on other large money managers to follow suit. Read more »

The big shortcoming: A grumpy 2020 for global growth

Aurélia End, Agence France-Presse
Posted at Dec 26 02:17 PM

The Organisation for Economic Cooperation and Development said last month that activity had been hobbled by weaker trade and investment in the past two years, as US President Donald Trump pursued a trade war with China. Read more »

Massive debt wave could crash on developing countries, World Bank warns

Heather Scott, Agence France-Presse
Posted at Dec 20 09:08 AM

The World Bank and International Monetary Fund have been sounding the warning about growing global debt for years, but the latest report is even more stark and turned up the volume on its calls for governments to take steps to prevent a debt crisis. Read more »

OPEC seen to extend output cuts as global growth slows

Benoît Pelegrin, Agence France-Presse
Posted at Dec 03 10:17 AM

The cuts of 1.2 million barrels per day from October 2018 levels were originally fixed in December last year and were already extended at OPEC's last meeting in June. Read more »