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Malaysia widens fiscal deficit target after coronavirus stimulus measures
KUALA LUMPUR (Reuters) – Malaysia expects its fiscal deficit to widen to 4% of gross domestic product this year because of the $58 billion stimulus measures announced to counter the impact of the coronavirus pandemic on the economy, the country’s finance minister said. Malaysia has the highest number of coronavirus infections in Southeast Asia with […]
Wall Street slumps on virus worries, grim economic forecast
(Reuters) – Wall Street’s three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. Washington state made face masks mandatory in public places, while many other U.S. states saw record cases, including Arizona and Texas, where restrictions […]
Japan warns of coronavirus hit on tourism but keeps 40 mln visitor target
By Daniel Leussink TOKYO (Reuters) – The number of foreign visitors to Japan fell for the fourth month in January as the impact of a South Korean boycott weighed, with further, sharper falls expected as the coronavirus outbreak keeps away Chinese travellers. The fall in number comes months before Japan is set to host the […]