Corona is bringing poverty back to emerging markets

Berlin, Dusseldorf, Istanbul, Cape Town, Vienna In the beginning, it was the emerging Asian countries that suffered a corona shock – infected by China. In the meantime, however, the virus has infected the economy in emerging countries worldwide, including in Eastern Europe. In Romania, for example, the pandemic abruptly ended the boom of the past […]

Fear of an emerging market crisis is growing

In times of crisis, these economically emerging countries are usually under particular pressure – and this is the case now. Many economists are now expecting the effects on emerging economies to be particularly blatant. The classic ingredients of a crisis are currently coming together: investors are pulling out capital, their currencies are coming under pressure […]

USD83 billion left the emerging markets

The Outflow of capital from emerging markets reached record levels in March due to coronavirus. The drainage far exceeded that which occurred during the global financial crisis that led to the collapse of Lehman Brothers in late 2008, and they warn that there may still be a second wave of leakage. According to estimates by […]

For 2008, investors expect guidance on when to get back on board

LONDON (Reuters) – Investment banks are dedicating models from the 2008 financial crisis to determine the right time to buy back equity markets, which fell 30% from their record highs in February due to the coronvirus crisis. The Wall Street sign is pictured on the New York Stock Exchange (NYSE) in the Manhattan borough of […]

Trump seeks help from South Korea for medical devices to combat the corona virus

SEOUL (Reuters) – South Korea said it would send medical devices to the United States to combat the coronavirus if there was an urgent request from U.S. President Donald Trump that he promised Korean companies the approval of the To help US government have spare parts. The news that stocks of Korean Korean virus test […]

Mainland China reports a drop in new confirmed cases of coronavirus

Men with protective masks stand on a hike along a section of the Great Wall of China in Badaling in Beijing on the first day of reopening after the closure of the coronavirus in China on March 24, 2020. REUTERS / Thomas Peter BEIJING (Reuters) – Mainland China reported a drop in new confirmed coronavirus […]

Britain demands 250,000 volunteers as the number of virus deaths increases

LONDON (Reuters) – Coronavirus deaths in the UK rose on Tuesday, the first day of a national ban, while the government called for 250,000 health volunteers and announced that a provisional hospital would open in London next week. In a television broadcast on Monday night, which was seen by more than 27 million people, Prime […]