Former Nissan chairman Carlos Ghosn’s news conference in Beirut

China firms in $10 billion share sale rush as funding rules eased amid virus worries

By Samuel Shen and Brenda Goh SHANGHAI (Reuters) – Listed Chinese companies are queuing up to issue shares and have already announced plans to raise more than $10 billion in the past week after fundraising rules were relaxed to help ease cash strains caused by the coronavirus. More than 50 companies, including Bank of Ningbo […]

Too early for accurate figures on coronavirus impact on global growth: IMF

RABAT (Reuters) – It is premature to give precise projections of economic growth in China and the World in 2020 following the outbreak of coronavirus, IMF Managing Director Kristalina Georgieva said on Thursday. The IMF is still reviewing its projections for growth in China while looking at the impact of the epidemic on the global […]

Fed alone can’t stop coronavirus selloff, investors say, as stocks tumble again

By Lewis Krauskopf NEW YORK (Reuters) – The Federal Reserve’s unprecedented stimulus measures did little to brighten Wall Street’s immediate outlook on coronavirus-ravaged stocks, as concerns remained about the lack of a government stimulus package and the ability to contain the pandemic. Stocks sold off on Monday even as the Fed pledged to expand purchases […]