A Global Consumer Default Wave Is Just Getting Started in China

Like millions of people around the world, Zhang Chunzi borrowed money she thought she’d be able to repay before the coronavirus changed everything. Now laid off from her job at an apparel exporter in Hangzhou — one of China’s most prosperous cities — the 23-year-old is missing payments on 12,000 yuan ($1,700) […]

With 75% economy under lockdown, analysts see sharp fall in GDP

Even when the lockdown period ends, it will take time for the economy to be fully up and running. The public fear factor, analysts feel, will still result in below-normal activity for a few months The 21-day shutdown announced by the Narendra Modi – led government due to coronavirus (Covid-19) pandemic has […]

Investing strategies: Is it a good time to buy stocks for the long term?

The Jefferies report said that within the Nifty 100 several PSUs such as State Bank of India, GAIL, ONGC, NTPC, Bank of Baroda, Punjab National Bank & Power Finance Corporation slipped below GFC lows. The coronavirus pandemic has rattled global economies and triggered an across-the-board sell-off in equities as an asset class. […]

Curious case of Chinese share markets escaping coronavirus shock

Unlike rest of the world, Chinese stock exchanges have survived coronavirus shock with only a little hurt. In comparative sense, China’s share markets have become from one of the worst performing indices in pre-Covid-19 phase to better performing ones now. Novel coronavirus has tested the might of the world powers. […]

Players go back home as IPL franchises call off camps till further notice

Three days after the coronavirus pandemic forced a suspension of the Indian Premier League (IPL) from March 29 to April 15, all the eight franchises called off their respective pre-tournament camps till further notice. Royal Challengers Bangalore (RCB) postponed their training camp, which was scheduled to begin on March 21. Defending champions Mumbai Indians, […]

Copa America postponed to 2021, says CONMEBOL

This year’s Copa America has been postponed until 2021 due to fears over the spread of the coronavirus, the South American Football Confederation (CONMEBOL) said on Tuesday. The 12-team tournament, which had originally been scheduled to take place from June 12 to July 12 in Colombia and Argentina, follows the Euro 2020 […]