IMF urges ‘equity-like’ government support for virus-hit firms

By Administrator_India Capital Sands   International Monetary Fund Chief Economist Gita Gopinath urged governments to shift to “equity-like” support from one focused on loans as the coronavirus pandemic inflicts prolonged damage on companies. Gopinath said the massive scale of the shock meant more firms will become insolvent as they suffer lower revenues for many months. […]

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China's factory activity expands, but job losses quicken amid weak exports

China’s factory activity expands, but job losses quicken amid weak exports

By Administrator_India Capital Sands China’s factory activity grew at a faster clip in June after the government lifted coronavirus lockdown measures and ramped up support steps, but the health crisis continues to pressure exports and jobs, a private business survey showed on Wednesday. The Caixin/Markit Manufacturing Purchasing Managers’ Index rose to 51.2 last month, the […]

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