Asia shares up as plans to re-open U.S economy offset record slump in China GDP
Asian stocks gained on Friday as President Donald Trump’s plans to gradually re-open the U.S. economy offset data that showed China suffered its worst economic contraction on record due to the coronavirus outbreak.
China March crude oil runs hit 15-month low as refiners extend output cuts
China’s daily crude oil throughput in March hit the lowest level since December 2018 with state refiners maintaining deep output cuts as the coronavirus pandemic eroded fuel demand.
Southwest asks unions to start considering post-aid concessions
(This April 16 story corrects amount of aid in paragraph 2 to $3.2 billion, not $4 billion)
China’s long-term growth will not be affected by COVID-19: stats bureau
China’s long-term growth potential will not be affected by the short-term impact of the coronavirus pandemic, a spokesman for the National Bureau of Statistics said on Friday.
China expects second quarter economic performance to be much better than first quarter
China’s economic performance in the second quarter of this year is expected to be much better than in the first, the National Bureau of Statistics said on Friday.
China March industrial output falls 1.1% year-on-year, better than forecast; first-quarter investment slides 16.1%
China’s industrial output fell a less steeper-than-expected 1.1% in March from a year earlier, data from the National Bureau of Statistics showed on Friday, as the coronavirus crisis and strict containment measures severely disrupted the world’s second…
China’s January-March property investment down 7.7% from a year earlier
Real estate investment in China fell 7.7% in the first three months of 2020 from a year earlier, official data showed on Friday.
Most U.S. firms have no plans to leave China due to coronavirus: survey
Most U.S. firms in China currently have no plans to relocate production to other parts of the country or abroad due to the coronavirus, but there is less certainty about the long term due to growing worries over U.S.-China decoupling, a survey showed.
Morgan Stanley CEO: coronavirus will continue to pose challenges
Morgan Stanley Chief Executive Officer James Gorman told shareholders on Thursday he “can promise” the bank will miss its medium-term financial targets again in the current quarter, as the economic shutdown caused by the novel coronavirus will continu…
Brent oil jumps nearly 3% after Trump lays out plan for easing coronavirus restrictions
Oil prices rose on Friday with Brent gaining nearly 3% after President Donald Trump laid out guidelines on reviving a U.S. economy ravaged by the coronavirus pandemic that has punched a huge hole in global demand for crude and refined products.
