[ad_1] JOHANNESBURG (Reuters) – South Africa’s National Treasury is considering the creation of a scheme to encourage bank lending to small businesses and consumers as one response to the coronavirus outbreak, central bank deputy governor
Oil rises as hopes build for global production cut
[ad_1] LONDON (Reuters) – Oil prices clawed their way into positive territory on Tuesday as hopes that the world’s biggest producers will agree to cut output outweighed analyst fears that a global recession in the
HSBC Hong Kong asset management units fined $450 000
[ad_1] HONG KONG (Reuters) – Hong Kong’s markets regulator has fined two HSBC units HK$3.5 million ($451,456) for regulatory breaches. The Securities and Futures Commission (SFC) said that some of the 53 funds managed by
Gold falls 1% as hopes of slowing coronavirus spread boost stocks
[ad_1] (Reuters) – Gold prices fell 1% on Tuesday, retreating from a one-month high hit earlier in the session as risk sentiment improved on wider market optimism that the coronavirus pandemic may be easing. FILE
Indian traders ask court for Amazon, Flipkart antitrust probe restart
[ad_1] NEW DELHI (Reuters) – An Indian retail group has asked a court to allow the restart of an antitrust investigation into Amazon.com Inc (AMZN.O) and a Walmart (WMT.N) unit that is on hold following
Samsung first-quarter beats estimates; chips likely to prop up virus-hit second quarter
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow
Asian shares cautiously gain on virus hopes, dollar slips
[ad_1] SINGAPORE/WASHINGTON (Reuters) – Asian stock markets rallied for a second day on Tuesday, and riskier currencies rose, buoyed by tentative signs the coronavirus crisis may be levelling off in New York and receding in
Britain’s supermarkets wrestle with coronavirus demand conundrum
[ad_1] LONDON (Reuters) – Britain’s big supermarkets fear they won’t be able to supply the country’s 60 million people without longer opening hours or a relaxation of social distancing rules introduced to curb the spread
Nifty, Sensex track rise in broader Asia on hopes of virus spread peaking
[ad_1] BENGALURU (Reuters) – Indian shares rose on Tuesday, tracking broader Asian market, as investors hoped the coronavirus spread may have peaked in key global centres due to fall in death rates. A bird flies
Japan to compile extra budget to fund coronavirus stimulus: draft
[ad_1] Japan’s Prime Minister Shinzo Abe speaks to the media on Japan’s response to the coronavirus disease (COVID-19) outbreak, at his official residence in Tokyo, Japan, April 6, 2020. REUTERS/Issei Kato TOKYO (Reuters) – Japan