SINGAPORE (Reuters) - The dollar found its footing on Thursday as upbeat jobs data helped it recoup a little of its slide against the euro and it steadied on the yen after the U.S. Federal Reserve’s surprise rate cut.
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The central bank cut interest rates by half a percentage point, its biggest single cut in more than a decade, as a pre-emptive move to protect the economy from the coronavirus.
KUALA LUMPUR (March 4): Interest in rubber glovemakers rose amid Covid-19 continuing to spread across the globe, with cases impacting every continent except Antarctica.
BEIJING, March 4 (Reuters) - China’s services sector had its worst month on record in February as new orders plummeted to their lowest level since the global financial crisis, a business survey showed on Wednesday, with economists urging swift support to avoid mass bankruptcies.
SINGAPORE (Reuters) - Asian shares wobbled on Wednesday and bonds held gains, as an emergency rate cut from the U.S. Federal Reserve did little to soothe investor fears over the coronavirus’s widening fallout.
