WASHINGTON (Reuters) – U.S. homebuilding fell by the most in 36 years in March amid a broad decline in activity, offering further evidence that the economy was buckling under the weight of drastic measures to control the spread of the novel coronavirus. Housing starts plunged 22.3% to a seasonally adjusted annual rate of 1.216 million […]
By Swati Pandey SYDNEY (Reuters) – Australian banks are well placed to weather the coronavirus-driven economic downturn, the country’s central bank said, but it warned of vulnerabilities in household debt and risks of a slump in the property market. In its biannual Financial Stability Review, the Reserve Bank of Australia (RBA) said the country’s lenders […]
SINGAPORE (Reuters) – Singapore expects visitor numbers to drop 25-30% this year due to the new coronavirus outbreak, with a significant decline in Chinese travel to the city-state expected to extend to other key markets, its tourism board said on Tuesday. The city-state has reported 45 cases of the virus, which has claimed over 1000 […]
