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Showing 1741 - 1750 of 1758 results for "Covid"

Chief economist update: The cure for Italy's tourism problem

BENJAMIN ONG  |  WEDNESDAY, 11 MAR 2020
Italy, it seems, is getting everything that it wished for courtesy of one microscopic organism. Long before the COVID-19 epidemic spread, the Italian government implemented new rules and regulations in an attempt to reduce over tourism including; prohibiting ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
Global markets, already feeling the burn from the spreading COVID-19 virus, have tumbled further, after Saudi Arabia sparked an oil price war which saw oil futures plunge more than 30%. Nearly $140 billion was wiped from the S&P/ASX 200 yesterday, as ...

Chief economist update: The crash we have to have

BENJAMIN ONG  |  TUESDAY, 10 MAR 2020
... oil prices raises household disposable income and lowers costs of running factories and businesses. Then again, until a COVID-19 vaccine is discovered or, at least, the number of infected cases slows, lower interest rates and cheaper oil would do little ...

Billionaire investor warns against buying the dip

ALLY SELBY  |  MONDAY, 9 MAR 2020
... that no matter what the short-term outlook, this too shall pass." After being identified in Wuhan, China, three months ago, COVID-19 has now spread to more than 100 countries and territories and killed more than 3500 people. According to the World Health ...

Chief economist update: Coronaphobia sickens Japan

BENJAMIN ONG  |  MONDAY, 9 MAR 2020
... Australians are so scared of the coronavirus, they're shitting themselves! Another is courtesy of my drinking buddy, that "COVID-19 also causes insanity". But I digress. While most nations around the world are reeling from the virtual freezing of ...

Chief economist update: A crisis of supply, demand and confidence

BENJAMIN ONG  |  FRIDAY, 6 MAR 2020
... etc. - has gotten out of hand that, I'm now eating my own words when I under-estimated the adverse repercussions of COVID-19 (gulp). The OECD has already slashed its 2020 growth forecast by 50 basis points to 2.4% and the IMF now expects world growth ...

JP Morgan's coronavirus contingency plan

ALLY SELBY  |  THURSDAY, 5 MAR 2020
... from home over the next few weeks. Banks around the world have been rolling out their own contingency plans in response to COVID-19, limiting or restricting staff travel, and forcing some staff to quarantine themselves or work from home. Some banks have ...

Chief economist update: Australia's gentle turning point to turn

BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
... coronavirus that's sure to impact growth in the first quarter of 2020 - it could extend further out depending on how soon the COVID-19 scare dies down. The RBA has reportedly downgraded the country's economic growth by 0.5% in the first two months ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... "We, G7 Finance Ministers and Central Bank Governors, are closely monitoring the spread of the coronavirus disease 2019 (COVID-19) and its impact on markets and economic conditions." "Given the potential impacts of COVID-19 on global growth, we reaffirm ...

Chief economist update: The C word

BENJAMIN ONG  |  TUESDAY, 3 MAR 2020
It was just a matter of time. With almost every person on this planet talking about the "C" word - coronavirus or COVID-19, that is - under their face masks, it's hardly surprising that fiscal and monetary authorities are now fashioning their own ...