Latest developments from around the wilds. With updates about travel restrictions and how to protect yourself. Around the virus pandemic special coverage on aljazeera. Hello im samis day than this is counting the cost on aljazeera your weekly look at the world of business and economics this week a Mighty Dollar for all the talk of emerging challenges when push comes to shove the dollar proves its the worlds reserve currency we find out why the Financial System riddled with bad debts india tends to revive the countrys 4th largest bank as deposits yank their cash. And saudi arabias Oil Price War with russia could send crude prices to 10. 00 a barrel with an oil producer like indonesia cope. 9 trillion dollars and counting thats what rich nations have spent so far on the coronavirus pandemic the trying to make sure theres a functioning economy so they get to grips with the outbreak with the damage done is likely to surpass the financial crisis maybe even the Great Depression what is known
A new race to the white house were joined by the sun to secure the democratic nomination i believe we can be down draw follow all the developments in the u. S. Election campaign on al jazeera. Hello im sammys day than this is counting the cost on aljazeera your weekly look at the world of business and economics this week a Mighty Dollar for all the talk of emerging challenges when push comes to shove the dollar proves its the worlds reserve currency we find out why the Financial System riddled with bad debts india tends to revive the countrys 4th largest bank as depositors yank their cash. And saudi arabias Oil Price War with russia could send crude prices to 10. 00 a barrel with an oil producer like indonesia cope. 9 trillion dollars and counting thats what rich nations have spent so far on the coronavirus pandemic theyre trying to make sure theres a functioning economy if they get to grips with the outbreak or the damage done is likely to surpass the financial crisis maybe even the G
System riddled with bad debts india tends to revive the countrys 4th largest bank as depositors yank their cash. And saudi arabias Oil Price War with russia could send crude prices to 10. 00 a barrel with an oil producer like indonesia cope. 9 trillion dollars and counting thats what rich nations have spent so far on the coronavirus pandemic theyre trying to make sure theres a functioning economy if they get to grips with the outbreak but the damage done is likely to surpass the financial crisis maybe even the Great Depression what is known its the worst economic crisis in the last 70 years well at this time theres a rush to safety the 11 year bull run in u. S. Stock markets is over and theres one safe haven everyone is banking on and its not gold its the dollar for all the talk of the dollar would lose its reserve currency status its proved to be just that talk lets take a look at some examples now emerging markets have borne the brunt of the rush for dollars indonesias superior lost
Protests take their toll. Shery china continues to push the liberalized market with a more flexible loan. Japan and south korea have come online. Lets get straight market action. Offie the nikkei 225 is. 3 . Best court of the again since 2016. Asian stocks are drifting toward the year end. We are digesting the latest figures. We are going to be getting hong kong trade numbers. Taking a look at was going on in sydney. We are seeing shares snap a threeyear game. Paul lets get you uptodate with the first word news. Wildfires in australia are expected to get worse this year week amid rising temperatures. 122 millions of million acres of land have burned. Nine People Killed and over 950 homes destroyed. Scott morrison says that firefighters battling the fires in New South Wales will be compensated. This is putting additional demands on our firefighters in particular. It means the turnouts and the callouts have been far more extensive than in previous years. This is beyond and above what is
Across the markets. Driving the stimulus, miss confidence. The effect we had, what it did do, nasdaq is up. We continue to see property stocks. Hong kong markets are the first. Theyre cutting down down payments, mortgage rates. Country garden is lifting property, most sectors are in the green. U. S. Markets are closed so we will not see too much in terms of treasuries. The jobs report was talking about moderation. Certainly you are seeing hong kong lead the charge as well as the csi 300. We broke out of declines after the best week we saw since july. We saw seven weeks of gains for the index. In your which is quite rare. We just mentioned. 5. 3 up for the property gauge. Just to reeducate on the welcome stimulus playing out. Lets have a look. We have some important trade data with how the Chinese Markets are doing a deep dive and michelle is taking his place as the last meeting of governor. Rate decisions as well. We will see. It will be interesting to see that the timing cycle may be