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The stock exchange in Japan closed on Monday after a fluctuating trading session. Investors incorporated the additional support measures from the Bank of Japan (BoJ) to mitigate the economic impact of the new coronavirus.   The US central bank announced a surprising new rate cut on Sunday and announced it would restart the bond-buying program to support the largest economy in the world. The central bank of New Zealand also cut interest rates. The leading Nikkei in Tokyo briefly bounced after the Bank of Japan's decision but ended up 2.5 percent lower at 17,002.04 points. On Friday, the Japanese main index fell by more than 6 percent to its lowest level since November 2016. The Japanese central bank announced after an emergency meeting that monetary policy would ease further. For e...

The International Monetary Fund (IMF) has billions of dollars waiting to assist countries in mitigating the economic damage caused by the new coronavirus.   That is what IMF chief executive Kristalina Georgieva said during a press conference. According to her, the virus outbreak hits the world economy hard. Global economic growth this year is likely to be "deep, deep below last year's level." Georgieva did not yet want to give a precise prediction about the damage. Among other things, she pointed out that it is not, however, clear how long all economic problems caused by the virus will persist. The organization with headquarters in Washington is mainly known for intervening in the event of financial crises. The fund helps countries with credit problems. A sister organization, the...

The stock exchanges in New York started trading with small gains on Tuesday. With that, they show something of a recovery after the substantial losses of Monday, when the three most essential indicators closed deep in red due to concerns about the coronavirus.   Shortly after the opening bell, the Dow-Jones index was 0.4 percent higher at 28,044 points. The broad S&P 500 won 0.3 percent to 3234 points, and technology level meter Nasdaq gained 0.5 percent on 9271 points. Monday's substantial losses followed the coronavirus outbreak in northern Italy at the weekend. The explosive increase in the number of infections in that country made it clear that the virus is becoming an increasingly international problem. Investors are keeping a close eye on news about the further increase ...