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China implements lower interest rate on excess reserves for banks

China reduced the interest rate on financial institutions' excess reserves with the central bank starting Tuesday as part of efforts to cushion the economy.

April 07, 2020

IATA: Airlines cannot afford to refund cancelled tickets

Global airlines cannot afford to refund cancelled flights because of the pandemic, said the head of IATA, and carriers are issuing vouchers instead.

April 07, 2020

China to set up new e-commerce zones, hold online Canton Fair

China will establish new pilot zones for cross-border e-commerce and host an online Canton Fair, according to an executive meeting of the State Council.

April 07, 2020

Coronavirus hopes propel stocks, euro higher

Japan's Nikkei followed up Wall Street's 7 percent surge with a 2 percent jump as its government promised a near US$1 trillion stimulus package - equal to a fifth of its GDP.

April 07, 2020