Singapore also in the red. Currency markets certainly, we have the sea and why in the frame at the moment. This is as we got the story today about beijing crossing gains in the yuan as it seeks to cheapen exports and bolster weak spending. That is a theory being compounded, saying a stronger yuan is ideal for beijing at a time when president xi is pushing for a more selfreliant economy. That is where we are with the currency markets. Yvonne yeah. Interesting call there. Thats more analysis with eddie cheung, e. M. Strategist. This all about shifting to more selfreliant economy in china. Given the gains we have seen in the renminbi, is it sustainable and how much tolerance is there for further yen strength . Eddie well, i think we certainly do believe there is more room for the cn wide to gain. First in terms of the dollar view, we think the dollar still has more room to go lower. We look at the indices, we are only at about three month highs. We are still below where we are in terms of
On his roof every day. Its good to have you with us the calm beauty of hong kongs famous skyline hides a city under siege residents who for months had been dealing with the fallout of prodemocracy protests contending with the onslaught of the brick the city has reported at least 102 people have died the disease has forced people to either. Walk from home on instructions of their employer as we look at one family dealing with confinement at home so we have. Ours ready for a possible walk down. There our family have been spending a lot of time indoors as the city battles to contain the coronavirus parents have a battle with boredom on their hands. With schools closed to the children digging into studies alone and with dereks company telling staff to work from home the Kitchen Table has become a coworking space hong kong is still free to go outside though the virus is a rival brought an abrupt end to large gatherings like the months of political protests that gripped this city in recent m
The the. The the marine stuff. Starts march 20th on the g. W. Sure that people do bolt on for g. W. On facebook and twitter to date and in touch follow. The going to. A boost for the Global Financial fight against the coronavirus u. S. Federal reserve makes a surprise cut in Interest Rates equities around the world surged out wall street suddenly retreats again. Health officials warn if the coronavirus is not contained they could be accused shortages of vital drugs Global Supply of india comes exports. As south africa falls back into recession what does it mean for the continents most industrialized economy. I do. Thats the business in a surprise move the u. S. Federal reserve policy Setting Committee has voted unanimously to cut its benchmark Interest Rate by half a percentage point the fed says its reacting to support the economy as the coronaVirus Outbreak takes its toll stock markets one into positive territory but then u. S. Equities suddenly were treated coronaviruses brought yet
How long will stocks last. For causing economic turmoil continues soaring unemployment and frequent Power Outages and unsustainable debts pushed the country fast and into recession. Waste not want not from dont think smartphones to necessary streaming to germany calls for measures to limit the Environmental Impact of every day tech. This business on k. Ferguson welcome. The Federal Reserve has announced its biggest Interest Rate cut in a decade in response to the danger the coronavirus poses to the American Economy so far investors dont appear too impressed. Coronaviruses brought yet another 1st since the dark days of the financial crisis 2008 was the last time a fed chairman announced a cut to Interest Rates between regular policy meetings my colleagues and i took this action to help the u. S. Economy keep strong in the face of new risks to the Economic Outlook namely the corona virus which is now spread to more than 70 countries including the u. S. Where citizens are stocking up on s
Labor unions in africa are warning of a brain drain to europe. This is the w Business Model 1st in berlin welcome asian markets mostly steady on monday after the corona Virus Outbreak triggered the worst week of losses since the 2008 financial crisis last weeks rout was reversed slightly as bargain by as moves in an investors bet on Interest Rate cuts shanghai lead the pack gaining 3 percent japan rebounded from opening losses after the central bank said it would provide support the regions gains came despite chinese Industry Data which showed manufacturing fell in february to its lowest level on record. Oh many countries are now trying to mitigate the effects of the virus on their economies but currently its many supplies are in china so there are only limited options of what governments and Central Banks can do. So far the German Economy appears to be running fairly smoothly despite the coronavirus but that could soon change become a cause the struggling to sell vehicles in china sup