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Europe tightens curbs with economic toll worsening: Virus update
Published on 17/03/2020
» Governments in Europe tightened curbs on free movement to stem the outbreak and are exploring ways to ease the financial impact. US Treasury Secretary Steven Mnuchin is rallying Senate Republicans to quickly pass the House package of economic measures. Goldman Sachs Group now expects China’s economy to contract by 9% in the first quarter and Hong Kong’s jobless rate rose to a nine-year high. The Philippines became the first country to shut its markets in response to the widening coronavirus outbreak and some regulators in Europe banned short selling. US equity futures and European stocks reversed gains.
Taking stock in Manila
Asia focus, Published on 12/01/2015
» The spacious room where I was scheduled to meet my distinguished visitor from the Philippines was packed with conference delegates gathered for light refreshments during a coffee break. Among that busy crowd, a calm, earnest man in a pinstriped charcoal suit smiled brightly when we were introduced.