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HONG KONG, China (AFP) — Asian markets plunged Wednesday, reversing an early rally fuelled by global stimulus pledges, including a more than $1 trillion package flagged by the United States. With borders being shut and countries going into lockdown, there is a broad expectation the world economy will plunge into recession as markets convulse. Dealers across the planet, who have been sent running for the hills, have been begging for government measures to mitigate the […]
HONG KONG, China (AFP) — Asian markets opened in freefall on Friday, extending a global rout that saw bourses experience their worst day in decades on fears of a recession caused by the coronavirus pandemic. Tokyo’s benchmark Nikkei index nosedived more than seven percent shortly after the open, with markets around the region plummeting after a historically bad trading day in the US and Europe. The Nikkei 225 index dropped 7.12 percent or 1,322.15 points […]
HONG KONG, China (AFP) — A rally in equities and oil ran out of steam Wednesday as the deadly coronavirus outbreak continues its rapid global spread and investors nervously await a US relief plan. Markets showed signs of some much-needed stability at the start of trade following two days of wild gyrations, thanks to a pledge by US President Donald Trump to unveil measures to counter the effects of the disease on the world’s biggest […]
HONG KONG, China (AFP) — Asian equities tumbled Friday as analysts warned the volatility that has characterized markets during the coronavirus crisis is likely to continue for some time. While governments and central banks have unleashed or prepare to roll out stimulus measures, the rapid spread of the disease and rising death toll are putting a greater strain on economies and stoking concerns of a worldwide recession. And with no end seemingly in sight — […]
ABIDJAN, Ivory Coast (AFP) — Ivory Coast officials on Tuesday burnt three tonnes of scales of the pangolin, the most trafficked mammal on Earth. The scales were seized in raids in 2017 and 2018, following which some 20 people were arrested. Beijing announced a total ban on the sale and consumption of the pangolin after the novel coronavirus outbreak. The scaly mammal — listed by the International Union for Conservation of Nature (ICUN) as threatened […]
HONG KONG, China (AFP) — Most Asian markets rose for a second day Tuesday following a blockbuster surge on Wall Street fuelled by hopes for a concerted global response to the coronavirus. Pledges of action from central banks around the world and a planned conference call between Group of Seven financial chiefs provided a much-needed boost to markets after last week’s hammering. The positive sentiment filtered through to oil markets, where dealers are betting on […]
By Marlowe HOOD Agence France-Presse PARIS, France (AFP) — A ‘pandemic’ of air pollution shortens lives worldwide by nearly three years on average, and causes 8.8 million premature deaths annually, scientists said Tuesday. Eliminating the toxic cocktail of molecules and lung-clogging particles cast off by burning oil, gas and coal would restore a full year of life expectancy, they reported in the journal Cardiovascular Research. “Air pollution is a larger public health risk than tobacco smoking,” […]
HONG KONG, China (AFP) — Most Asian markets rose Monday as bargain-buyers moved in following last week’s global rout, but investors continue to fret over the economic fallout from the new coronavirus as the worldwide death toll rises. After equities suffered their worst week since the financial crisis more than a decade ago, central banks began to flag support measures, with Federal Reserve boss Jerome Powell hinting at a fresh interest rate cut at the […]
HONG KONG, China (FP) — Asian markets spiraled downwards on Friday, tracking a collapse in New York and Europe as the coronavirus spread rapidly around the world with the WHO warning the deadly epidemic was now at a “decisive point”. Tokyo and Jakarta were hammered more than four percent, while Shanghai, Sydney, Seoul, and Bangkok tanked more than three percent each. The casualties have put equities around the world on course to record their worst […]
HONG KONG, China (AFP) — A sea of red washed across Asian markets on Wednesday, with the coronavirus spreading rapidly around the world and health chiefs warning that governments were not prepared for the outbreak. The heavy selling, after a day of relative calm caused by bargain-buying, followed another rout on Wall Street where all three main indexes lost around three percent after officials said COVID-19 would likely take hold in the United States. With […]
by Marlowe HOOD PARIS, France (AFP) — Nearly 90 percent of the 200 cities beset by the world’s highest levels of deadly micro-pollution are in China and India, with most of the rest in Pakistan and Indonesia, researchers reported Tuesday. Taking population into account, Bangladesh emerged as the country with the worst so-called PM2.5 pollution, followed by Pakistan, Mongolia, Afghanistan, and India, according to the 2019 World Air Quality Report, jointly released by IQAir Group […]
HONG KONG, China (AFP) — A spike in new virus cases outside China spooked Asian markets Friday after Wall Street pulled back from record highs as more companies warned earnings could be hurt by the epidemic. More than 2,200 people have died from the novel coronavirus, which has infected over 75,000 people, mostly in China, and spread panic around the world. While Beijing claims it’s epidemic control efforts are working, the rising death toll and […]
