TRADE WARS - INDO DAILY

Markets rally on huge economic support plan

Mar 20, 2020 (AFP)

The dollar eased somewhat after a lengthy rally fuelled by traders cashing out of their investments, while the embattled oil market extended Thursday's gains. W...

Unemployment at 20% would be 'absolute worst case': Trump

Mar 18, 2020 (AFP)

With the US economy shutting down as more businesses are forced to close, Treasury Secretary Steven Mnuchin reportedly warned Republican senators the jobless ra...

Italy pushes 'coronabonds' to fight financial doom

Mar 18, 2020 (AFP)

While it is certainly early days, the idea that risk-averse Germany could join Italy in raising funds is getting slowly nearer, even if its not the big bang dre...

Virus forces EU and China to cancel summit

Mar 18, 2020 (AFP)

The heads of the EU's main institutions along with the bloc's diplomatic chief had been due to travel to China -- where the pandemic began -- later this month t...

Japan's imports from China plunged in February on virus woes

Mar 18, 2020 (AFP)

February imports from China, Japan's biggest trade partner along with the United States, plunged 47.1 percent to 673.4 billion yen ($6.3 billion) while exports ...

US leads massive economic stimulus effort against coronavirus, EU shuts borders

Mar 17, 2020 (AFP)

After coming under criticism that they were mismanaging the response, both London and Washington announced massive economic stimulus packages. President Donald ...

Virus credit crunch risks turning firms into zombie army

Mar 16, 2020 (AFP)

Amid signs that banks and investors have already retrenched their lending, central banks are trying to ensure that the flow of credit to businesses remains open...

China industrial output contracts for first time in decades

Mar 16, 2020 (AFP)

Industrial production for January and February shrank 13.5 percent in the first two months of the year, markedly worse than a Bloomberg poll of analysts which f...

US ramps up virus response with shutdowns, rate cut

Mar 16, 2020 (AFP)

The fast-spreading outbreak has claimed almost 70 lives in the United States, disrupting every walk of life as Americans panic-buy essentials and brace for what...

China tightens quarantine for international arrivals

Mar 16, 2020 (AFP)

After declaring they had "basically curbed" the spread of the disease within China, where the virus first emerged, authorities have now ordered international ar...

Unlike 2008, world's economic doctors feud over cure

Mar 16, 2020 (AFP)

Today, as the world fights to immunise global growth from the coronavirus pandemic and Obama's successor Donald Trump rips up the rulebook of cooperation, there...

US-China trade truce at risk as virus hits global economy

Mar 15, 2020 (AFP)

The United States also faces huge disruptions from the deadly virus while a diplomatic spat between Beijing and Washington threatens to derail the phase-one dea...

China to cut banks' reserve requirement to combat virus fallout

Mar 13, 2020 (AFP)

The People's Bank of China (PBoC) said in a statement that it would cut the reserve requirement ratio (RRR) on March 16 by 50 to 100 basis points for banks that...

China allows some firms to resume work at virus epicentre

Mar 11, 2020 (AFP)

The decision came a day after President Xi Jinping paid his first visit to the capital of Hubei province since it was placed under lockdown in late January afte...

Japan unveils fresh economic package to offset virus damage

Mar 10, 2020 (AFP)

The package came as the government ramps up its response to the virus, which has infected more than 500 people across the country and been linked to nine deaths...

China inflation slips but stays high on virus, food worries

Mar 10, 2020 (AFP)

Analysts said the figure would likely remain elevated for some time as measures put in place around the country to contain the deadly epidemic have put a huge d...

China's Trip.com says no pay for top execs while virus rages

Mar 10, 2020 (AFP)

CEO Jane Sun said in an internal letter circulated on Monday that she and Chairman James Liang will forego compensation and other senior managers will voluntari...

China exports plunge on coronavirus epidemic

Mar 07, 2020 (AFP)

Exports fell 17.2 percent from a year ago, the biggest drop since February 2019 during the trade war with the United States, and imports dropped 4 percent, acco...

Chinese virus-related slump to slash $50 bn in global exports: UN

Mar 04, 2020 (AFP)

A fresh report from the UN Conference on Trade, Investment and Development (UNCTAD) said the European Union, the United States and Japan will be hardest-hit by ...

The impatience of being idle: China's factory workers chafe under quarantine

Mar 04, 2020 (AFP)

He is one of China's 290 million rural migrant workers and many like him are mired in uncertainty, confined to their homes since late January, worried about a p...