ASIA: The Indian government on Monday prohibited entry of passengers from European Union (EU) countries, European Free Trade Association, Turkey and the United Kingdom into India as a step to combat the spread of COVID-19 in the country. The Directorate General of Civil Aviation (DGCA) said in a circular that no airlines shall board passengers […]

ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 1,128.58 points or -6.08% to 17,431.05 Shanghai decreased 36.06 points or -1.23% to 2,887.43 Hang Seng decreased 276.16 points or -1.14% to 24,032.91 ASX 200 increased 234.70 points or 4.42% to 5,539.30 Kospi decreased 62.89 points or -3.43% to 1,771.44 SENSEX […]

ASIA: Chinese Foreign Ministry spokesman Zhao Lijian said that the US military could have been to blame for bringing the virus to Wuhan. The comment was said in more of a retaliatory context after the US accused China of being slow to react to containing the virus. China bounced back, asking the US to reveal […]

ASIA: On Tuesday, India suspended issuing visas to citizens of France, Spain, and Germany until further notice. Such restrictions were already in place for citizens of China, Italy, Iran, Japan, and South Korea – the five countries worst hit by the outbreak of the virus. India has also closed a border with neighboring Myanmar to […]

ASIA: The yield on the Indian government’s 10-year bond slumped nearly 11 basis points on Monday when it hit an over 11-year low as a decline in global crude oil prices eased concerns over inflation and fiscal deficit. Rising expectations of a rate cut by the Reserve Bank of India (RBI) following a rout in […]

ASIA: The Indian Bureau of Immigration announced that those flying in from Italy and South Korea will need a medical certificate saying they are corona-free to enter India. Italian and South Korean nationals who have been granted fresh India visas issued after March 5, 2020, and have been issued a medical certificate from the designated […]

  ASIA: China’s economy could be contracting this year for the first time since the 70s, according to analysts, as the country grinds to a halt due to the coronavirus. The Caixin purchasing managers index dropped drastically to 26.5 from 51.6, the lowest level since 2005. The Reserve Bank of India has taken over one […]

ASIA: India’s Supreme Court has overturned India’s central bank’s decision that restricted banking access for virtual currency trading. Following this decision, cryptocurrency companies are expected to revive plans to invest and expand their business in India. India’s service sector activity gathered momentum in February driven by a quicker expansion in new work orders that supported […]

ASIA: India’s central Bank Governor Shaktikanta Das told Bloomberg that he’s ready to act to shield the economy from the coronavirus and reiterated there’s room to cut interest rates if needed. The spread of coronavirus has raised the prospects of an emergency monetary policy action in India. India restored the social media access for people […]

ASIA The United Nations High Commissioner for Human Rights (UNHRC) has filed an intervention in the Indian Supreme Court on the Citizenship Amendment Act (CAA) and informed India’s Permanent Mission in Geneva about it, India’s Ministry of External Affairs said. This means that the global human rights body wants to be made a party in […]