Defense Production Act invoked for coronavirus is 'great leverage': Trump

Trump: GM has ‘been great’ in coronavirus support since Defense Production Act President Trump discusses GM agreeing to produce thousands of ventilators each month and how production is progressing worldwide. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below President Trump described the Defense Production Act as "great leverage" in […]

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Indonesian Stocks Trim Losses After Trading Halt Lifted

Indonesian stocks trimmed losses slightly after the exchanged lifted a 30-minute trading halt triggered by a 5% plunge. The Jakarta Composite Index was down 4.6% as of 11:10 a.m. Jakarta time, snapping a two-day winning streak. The benchmark gauge soared 15% in two days through Friday, the best gain since 1999 as investors bet that various measures to prop up […]

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Hong Kong Luxury Apartment Rents Slashed to Attracts Tenants

After a bargain on an upscale apartment in the world’s most-expensive property market? Now may be the time. The spreading coronavirus has crunched rents for luxury homes in Hong Kong as wealthy individuals hesitate to sign leases amid the gloomy economic outlook. Landlords have cut their asking prices by as much as 20% since mid-March in a high-end area of […]

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Coronavirus demand drives shortage for world's largest glove maker

Hospitals burning through more coronavirus supplies than can be replaced: Study Premier Inc. CEO Susan Devore discusses the lack of medical supplies in the U.S. as a product of global economics. KUALA LUMPUR (Reuters) – Malaysia's Top Glove Corporation Bhd, which makes one in every five gloves globally, expects a product shortage as demand from Europe and the United States spikes because of the […]

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China’s Corporate Deleveraging Campaign May Be Set Back by Years

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. China’s corporate leverage is ramping up again, before borrowers had even finished working down the last surge. The campaign by policy makers to rein in the growth of debt was just approaching the four-year […]

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Why Wall Street underestimated coronavirus concerns

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Faced with an unprecedented crisis, economists and investors are racing to understand the depth of the coronavirus recession and its aftershocks. The problem is, the datasets they’d typically rely on are practically useless. Take the […]

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Frozen U.K. Home Market Leaves Buyers Wondering Where to Go

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Jerome Reback was planning to move into his new semi-detached home in northwest London in less than two weeks with his wife, five children and two dogs. He spent much of Friday looking for somewhere […]

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