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Economic News
Ford warns of $2 billion quarterly loss as coronavirus outbreak hammers sales
(Reuters) - Ford Motor Co (N:F) on Friday estimated first-quarter loss of $2 billion and said it would tap debt markets to shore up its cash…
Trump unveils three-stage process for states to end coronavirus shutdown
By Jeff Mason and Steve HollandWASHINGTON (Reuters) - President Donald Trump laid out new guidelines on Thursday for U.S. states to…
Pandemic to bring Asia’s 2020 growth to halt for first time in 60 years: IMF
By Leika KiharaTOKYO (Reuters) - Asia's economic growth this year will grind to a halt for the first time in 60 years, as the…
Exclusive: Treasury wants warrants, repayment from major U.S. airlines on 30% of grant money –…
(This April 10 story has been refiled to fix typo in 'aid' in paragraph nineteen.)By David Shepardson and Tracy Rucinski…
Japan finmin: not considering at all asking BOJ to finance debt
TOKYO (Reuters) - Japan's government is not considering at all asking the Bank of Japan now to finance its debt boosted by stimulus to…
Exclusive: China’s central bank to step up easing, won’t borrow Fed playbook –…
By Kevin Yao
BEIJING (Reuters) - China's central bank will ramp up its policy easing to support the coronavirus-ravaged economy but debt…
Millions of aviation jobs at risk, airlines beg for government support: IATA
LONDON (Reuters) - Global airlines said 25 million jobs across the world could be at risk from the coronavirus travel downturn, as the…
Indian states scramble for funds as virus takes toll on coffers
By Swati BhatMUMBAI (Reuters) - A three-week nationwide lockdown is testing the resilience of India's state governments, with analysts…
Australia’s central bank holds cash rate at 0.25%
SYDNEY (Reuters) - Australia's central bank left its cash rate at a record low of 0.25% on Tuesday, a widely expected decision since it only…
Chinese vice foreign minister says progress made in trade talks with U.S
BEIJING (Reuters) - China and the United States have achieved some progress in their trade talks, Vice Foreign Minister Le Yucheng said on…