BEIJING (Reuters) - Passenger car retail sales in China, the world’s biggest auto market, fell 80% in February because of the coronavirus epidemic, one of the country’s industry associations said on Wednesday.
The International Monetary Fund (IMF) has slashed its 2020 growth outlook for China to below 5.6 per cent because of the “sheer geographic spread” of the coronavirus epidemic globally, IMF managing director Kristalina Georgieva said on Wednesday.
The International Monetary Fund (IMF) on Wednesday warned that the global economic growth this year would fall below last year’s levels, urging countries to spend significant resources to manage the epidemic.
KUALA LUMPUR: The Covid-19 epidemic has pushed investors into stocks of rubber glovemakers, which have seen an uptick in demand.
SYDNEY (Reuters) - Asian shares were looking to rally for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.
SINGAPORE (Reuters) - Oil prices rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States, although the gains were capped by uncertainties over cuts by major oil producers.