RKI reports 2,486 new coronavirus cases in Germany ForexLive That is higher than the 2,082 daily cases reported yesterday and takes the total tally to 127,584 confirmed cases in the country. Meanwhile, the number of deaths increased by 285 persons and that brings the total tally on that front to 3,254 persons.
Blogs
India says to allow factories in rural areas to start operating on 20 April – report
Bloomberg with the headlines, citing people familiar with the government order – To allow crop harvesting, procurement operations ForexLive In case you missed it, yesterday until 3 May.
Thailand extends ban on passenger flights until 30 April
The ban on passenger flights to the country will continue The exemptions to the above prohibition will only be for state/military aircraft, emergency landings, technical landings without any passengers disembarking, humanitarian aid and medical flights, repatriation flights and cargo aircraft.
ForexLive Asia FX news wrap: Lower AUD and NZD against yen
Forex news for Asia trading Wednesday 15 April 2020 – (apparently this policy has been reversed) – (added – they did so today instead) The Australian and New Zealand dollars were sold for yen during the session here today, as evidenced by lower for the crosses. Apart from the background news items (coronavirus related) t
Australian man jailed for breaking coronavirus quarantine
A man in Western Australia flew into the state from another state (Victoria) on March 26 and was directed to self-isolate for 14 days. He was spotted on multiple occasions escaping hotel quarantine to visit his girlfriend
China says virus outbreak will not impact nuclear power plant construction
An official at China's Ministry of Ecology and Environment says all the 15 unfinished reactor units have now resumed construction – And that no plants now in operation were suspended during the outbreak
Analyst who picked the US stock market low in March targets S&P above 3000 by year end
Whitney Tilson closed his hedge fund in 2017 "after years of underperformance" but did nominate the low on March 23 for US stocks. – "We pounded the table and said this was the best buying opportunity we'd seen since the global financial crisis" Tilson based his call on expecting a slowing spread of th
Head of Nissan parts supplier Yorozu says lack of demand is a bigger challenge than supply chain disruption
Financial Times report that supply chain disruptions and parts shortages are an issue, the bigger challenge is the lack of consumer demand kihiko Shido, chief executive of Yorozu, which supplies suspension systems to the world's biggest carmakers including Toyota, Honda, Daimler, General Motors and Volkswagen:
Coronavirus – NZ finmin Robertson says the country is examining further support for firms and households
New Zealand Finance Minister Grant Robertson speech – thousands will need to re-train, gain new skills – variety of options to support essential businesses Earlier from NZ PM Ardern anno9unce 20% pay cuts for herself, ministers and heads of govmt departments. for 6 months.
People's Bank of China conduct 1 year MLF operation
PBOC Medium Term Lending Facility operation Injection of funds for 1 year – 100bn yuan – rate is 2.95% (prior MLF was 3.15% …. the headline earlier was of a cut to the MLF rate on Friday, comes 2 days early) That rate is the lowest ever for an MLF operation