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Indian government too on Thursday announced a Rs 1.7 lakh crore package including free foodgrains and cash to poor, for the next three months

Asia Shares Rise On More Stimulus Hopes But Dollar Loses Steam

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.2%. Australian shares gave up gains to fall 1.09%, but Japan's Nikkei rose 1.44%.

Coronavirus: Modi, Putin Discuss Humanitarian Issues And Global Economy

The Prime Minister told President Putin that Indian authorities concerned would continue to facilitate in all possible manner the efforts for ensuring the well-being and organised return of Russian nationals, as and when required.

Surveys Show Coronavirus Pandemic Savaging Global Economy

IHS Markit's flash composite Purchasing Managers' Index (PMI) for the euro zone, seen as a good gauge of economic health, plummeted to a record low of 31.4 this month from February's 51.6.

Global Economy Continues To Slide As Coronavirus Outbreak Worsens: Moody's

"As business grinds to a halt, big and small firms are starting to lay off workers temporarily in an attempt to cut costs," said Moody's.

Global Economy Already In Recession On Coronavirus Devastation

Economists have repeatedly cut their growth outlook over the past month and have increased their forecast probabilities for recession in most major economies.

Policy Action Needed For A Healthy Global Economy: IMF

Banks should be encouraged to use flexibility in existing regulations, for example by using their capital and liquidity buffers, and undertake renegotiation of loan terms for stressed borrowers.

World Shares Trampled In Coronavirus Panic, Oil Prices Plunge

Companies & Markets Markets Stock Market

MSCI's broadest index of Asia-Pacific shares outside Japan lost 3.7% in its worst day since late 2015, while Shanghai blue chips dropped 2.2%.

World Stocks Succumb To Virus As Cases Spread, Disruptions Grow

Companies & Markets Markets Stock Market

European shares opened sharply lower, with travel stocks bearing the brunt. The pan-European STOXX 600 index was down 2.4% by 0856 GMT.

Global Economy Faces Gravest Threat Since 2008 Crisis As Coronavirus Spreads: OECD

Global economic growth is seen falling to 2.4 per cent for the whole year compared to an already weak 2.9 per cent in 2019. It is then expected to rise to a modest 3.3 per cent in 2021.

Global Growth Plunging Into Downturn Over Coronavirus, OECD Says

The global economy is set to grow only 2.4% this year, the lowest since 2009 and down from a forecast of 2.9% in November, the OECD said in an update of its outlook.

Coronavirus Poses Risks To Global Economy's Fragile Recovery: IMF

The IMF said a plethora of risks face the global economy, including the fast-spreading coronavirus and a renewed spike in US-China trade tensions besides climate-related natural disasters.

Gold Eases Off Three-Week Peak As Equities Sell-Off Pauses

Companies & Markets

Spot gold was down 0.2% to $1,578.95 per ounce at 1030 GMT, having touched its highest since January 8 on Monday.

Global Economy Snapback To Prove Elusive Despite Market Joy