• Australia records highest number of job losses in history during April

    14 May 2020 12:27 PM |

    Australia lost the highest number of jobs ever recorded in April, as employers laid off hundreds of thousands of employees in response to the shutdown across the economy to reduce the spread of the coronavirus.

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  • Pandemic pushes Japanese service sector sentiment to record lows

    13 May 2020 01:27 PM |

    A survey by the Cabinet Office released today shows that morale in Japan's services sector fell to a record low in April, indicating an intensification of pressure on the economy from coronavirus-driven

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  • Oil falls amid fears of second wave of coronavirus and rising US inventories

    13 May 2020 11:23 AM |

    il prices fell today amid concerns about a possible second wave of coronavirus cases in countries that have eased lockdowns, which could lead to renewed restrictions while industry data showed that US

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  • RBNZ expands QE to mitigate consequences of coronavirus

    13 May 2020 10:25 AM |

    As expected the Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged at 0.25%

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  • US automakers are beginning to return to work

    12 May 2020 11:38 AM |

    Factory workers began returning to assembly lines in Michigan on Monday, paving the way for the US auto sector to reopen, but this has raised fears of a second wave of coronavirus

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  • Plans to reopen factories in Michigan stalledPlans to reopen factories in Michigan stalled

    11 May 2020 04:07 PM |

    Michigan was to allow its factories to resume production on Monday after more than six weeks of closure due to the coronavirus, thereby removing a major hurdle for North American automakers

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  • Bank of Japan Summary: Risks facing pace of post-virus recovery

    11 May 2020 01:48 PM |

    The Bank of Japan indicated that there are many downside risks facing the pace of economic recovery

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  • Whitehouse considers more coronavirus aid

    11 May 2020 12:40 PM |

    Officials said on Sunday that the White House has started informal talks with Republicans and Democrats in Congress on what should be included in another

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