On the value of its new business, following the fall since it listed the most. We will be joined by the ceo. Reports amid rising u. S. Tensions and fears of backlash from the white house. More challenges may be growing closer to home. Lets get a quick check of the markets with sophie kamaruddin. Stocks with a subdued start, futures lower. Kiwi stocks higher by 0. 2 . At m a, andlooking south korea raising a red flag. In sydney, stocks hit a fivemonth high. Qantas hosting its first loss in six years and warning it will not make money in the next financial year. 2000 after retreating on the fed minutes. The index going since jumping the most since june on the fed. One analyst said he does not think positioning is stretched, but even with broad dollar weakness, asian currencies have underperformed, but record forex reserves are one key reason. Steady afteryuan retreating from a sevenmonth high, retracing gains it has seen since last month. Focus, callsira in for the central bank in turkey
The global corona crisis you can find more information on the mindset e. W. Dot com and on social media channels. Oils collapse in the u. S. Has Global Markets worried deflation is the big fear as producers rein in production the question on everyones mind when will demands pick back up. Beijing gets back to business well see how chinese firms are changing to cope with the coronavirus. And pandemic measures claim a victim down under as ferg an Australian Airlines files for bankruptcy. This is your Business Report im sure. Its good to have you with us now the crash in u. S. Oil prices is reverberating around the globe pushing stocks toward losses and driving Commodity Prices down major Oil Producing nations could be hit hardest with lower prices carving chunks out of their budgets theyre now hoping that demand rebounds in the months ahead. Demand for oil has plunged amid the worldwide lockdowns lentil cough in 1000 pandemic and that coincided with a surge in oil supply the result of a r
With a economist. This economyf this contracted for the First Time Since at least 1990 two. A big contraction, more than was anticipated. What is your instant reaction . Robin let me be clear. The First Quarter contraction is not a surprise considering the lockdown in late january and february. Outputch industrial dimension and trade data suggested the supply side in the chinese economy has been on a recovery path. Are first in, first out amid this covid19 recession. We have seen the worst First Quarter followed by a shallow recovery from the Second Quarter onward. The ip data is better than retail sales or domestic data, means the supply side has been largely mobilized with now 90 of factories in china, 40 are operational. Many are back online. That is why we see activity and improving activity improving on the supply front. Bolstering recovery in the next stage has shifted as lockdown in china has been replaced by softer social distancing measures which means people return to work, b
Hello welcome to the program e. U. Leaders are holding an emergency teleconference on the corona Virus Outbreak all 27 Member States have reported cases of the virus and efforts are being made to contain the outbreak as well as mitigate the Economic Cost of it italy of course is at the forefront of the crisis and major nationwide restrictions are now in place initially everyone has been advised to stay home as much as possible other people are allowed to self certify if they need to travel for work or Health Emergencies all forms of public gatherings are banned all Sports Events and centers have been closed bars and restaurants can stay open but nightclubs cinemas see it hers and casinos have all been shut supermarkets will remain open the Largest Shopping Centers though will be closed on weekends and Public Holidays schools and universities have been closed religious institutions will stay open but marriages baptisms and Funeral Services have been banned. What kind of a corvo is an Ev
Future archaeologists to sift through history to find the secrets of Climate Change. Is in doha as issues a complete sporting a new game to spains leader the stadiums as countries try to stop the spread of coronavirus. The leaders have been holding an emergency teleconference on the corona Virus Outbreak all 27 Member States have reported cases of the virus and the efforts are being made to contain the outbreak as well as mitigate the Economic Cost of it italy is at the forefront of the crisis and the whole country is in lockdown in the last day a 168. 00 new deaths have been recorded bringing the total toll to 631 hold reports. European Union Leaders are grappling with the fact that one of their own italy is under a nationwide restrictions to slow the spread of coronavirus. And usually theyre having to figure out what needs to be done at a distance from one another via video link the days of e. U. Council summits bustling with politicians and press in brussels are over for now visit i