Day: March 31, 2020

World Bank warns China growth could screech to a halt

WASHINGTON                  –             The coronavirus pandemic’s economic fallout could cause China’s growth to come to a standstill while driving 11 million more people in East Asia into poverty, the World Bank warned Monday. The pandemic is causing “an unprecedented global shock, which could bring growth to […]

Asian stock markets track Wall St rally but traders remain nervous

Hong Kong                   –              Asian equities enjoyed a strong start to Tuesday following another rally on Wall Street, while oil bounced, with traders welcoming a surprise jump in Chinese factory activity, though analysts cautioned that the road ahead remained rocky for the global economy. The World […]