By Stanley White and Tom Westbrook TOKYO/SINGAPORE (Reuters) – The yen’s status as a safe haven is coming under pressure as unease grows about the rising number of coronavirus cases in Japan, against the backdrop of a stuttering domestic economy. Japan’s currency tumbled to a nine-month low against the dollar and faced a barrage of […]
By Lisa Baertlein and David Kirton LOS ANGELES/SHENZHEN (Reuters) – Air freight rates are skyrocketing after the grounding of many passenger flights in Asia has left shippers scrambling to book limited spots on cargo planes as Chinese industrial production restarts, according to industry insiders. About half of the air cargo carried worldwide normally flies in […]
WASHINGTON (Reuters) – President Donald Trump is prepared to use the Defense Production Act but industry has been stepping forward, U.S. Vice President Mike Pence said on Fox News on Tuesday. He also said that the White House coronavirus task force has not discussed a nationwide lockdown, as has been done in other countries to […]
