By Echo Wang, Sumeet Chatterjee and Simon Jessop NEW YORK/HONG KONG/LONDON (Reuters) – During the early days of March, Jill Fopiano was having trouble sleeping, waking up at 3 o’clock in the morning, maybe 4 o’clock. She’d been watching news of a virus in China, first out the corner of her eye – was this […]
By Chris Prentice WASHINGTON (Reuters) – U.S. regulators are considering giving banks additional regulatory points for lending to mid- to low-income Americans hurt by the coronavirus, as they seek to mitigate the economic impact of the pandemic, an official within a banking agency told Reuters. The federal banking agencies are exploring a number of tools […]
LONDON (Reuters) – The crippling economic impact of the coronavirus is set to push the world’s poorer countries excluding China into recession by the middle of the year, U.S, investment bank JPMorgan warned on Thursday. “We now expect a 1H20 recession in emerging markets ex-China as containment is stepped up and as developed markets contract,” […]
