China factory deflation deepens in April as recovery stalls

BEIJING (BLOOMBERG) – China’s factory deflation deepened in April and consumer price gains slowed, signaling ongoing weakness in the world’s second-largest economy. The producer price index dropped 3.1 per cent in the month, versus a forecast 2.5 per cent decline.

DoubleLine Capital's Sherman says markets are a bit too optimistic

NEW YORK, May 5 (Reuters) – Markets are being a bit optimistic in expecting a quick recovery from the economic hit from the coronavirus outbreak and the resultant voluntary shutdowns, DoubleLine Capital deputy chief investment officer Jeffrey Sherman said on

TIMELINE-Fasten seatbelts: Norwegian Air's battle for survival

May 4 (Reuters) – After growing rapidly to become Europe’s third-largest low-cost airline and one of the few to apply the budget model to transatlantic flights, Norwegian Air is fighting for its survival after racking up debts and liabilities of

UPDATE 1-China to roll out economic measures to support virus-hit Hubei

(Adds Wuhan’s first-quarter GDP) BEIJING, April 29 (Reuters) – China will roll out a basket of measures including tax, credit and foreign trade policies to support economic development in central Hubei province, the ruling Communist Party’s politburo said on Wednesday,