BOJ Kuroda says Asia’s economic downturn moderate vs other regions

© Reuters. Bank of Japan Governor Haruhiko Kuroda attends a news conference in Tokyo, Japan TOKYO (Reuters) – Asia’s economic conditions remain severe but the downturn in growth has been moderate compared with that of other regions, Bank of Japan Governor Haruhiko Kuroda said on Wednesday. “From a longer-term perspective, Asia must address its challenges […]

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Volkswagen considering more cost cuts to cope with downturn

© Reuters. FILE PHOTO: VW re-starts Europe’s largest car factory after coronavirus shutdown BERLIN (Reuters) – Volkswagen (DE:) is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said on Saturday. The issue was recently discussed at an internal event, the spokesman said, […]

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Forex – Dollar Climbs as IMF Details the Downturn

© Reuters. By Peter Nurse  Investing.com – The U.S. dollar has pushed higher in European trade Wednesday, in a delayed reaction to chilling estimates of the Covid-19 pandemic’s impact on the world economy.  At 3:05 AM ET (0705 GMT), the , which tracks the greenback against a basket of six other currencies, stood at 99.093, […]

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