FILE PHOTO: A sign directs voters towards a polling place

Singapore plans biggest budget deficit in years to meet virus threat

By John Geddie and Aradhana Aravindan SINGAPORE (Reuters) – Singapore on Tuesday announced around $4.5 billion in financial packages to help contain the coronavirus outbreak in the city-state and weather its economic impact, paving the way for its biggest budget deficit in at least 15 years. The wealthy city-state, one of the countries outside China […]

Bruised Indian economy to be battered further by coronavirus: Reuters poll

By Manjul Paul and Indradip Ghosh BENGALURU (Reuters) – India’s already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll found. With the virus spreading rapidly, Prime Minister Narendra Modi announced a three-week nationwide […]

Nissan restructuring may assume cut of 1 million cars to annual sales target: sources

By Naomi Tajitsu and Norihiko Shirouzu TOKYO/BEIJING (Reuters) – Nissan Motor Co Ltd’s <7201.T> management has become convinced the struggling automaker needs to be much smaller and a restructuring plan due out next month would likely assume a cut of 1 million cars to its annual sales target, senior company sources said. Even before the […]