Economic Fallout

China's central bank cuts medium-term borrowing costs by 20 bps; steps up fight against coronavirus pandemic

The People’s Bank of China (PBOC) said it was lowering the one-year medium-term lending facility (MLF) loans to financial institutions to 2.95 percent, the lowest level since the liquidity tool was introduced in September 2014, down 20 basis point from 3.15 percent previously.

Sensex rallies 542 points to 38,686, Nifty jumps 171 points in opening session; Sun Pharma, Tata Steel, RIL among top gainers

Sensex was trading 533.37 points, or 1.40 percent, higher at 38,677.39, and the NSE Nifty jumped 179.75 points, or 1.61 percent, to 11,312.50

IMF, World Bank consider 'virtual' Spring Meetings in April as coronavirus spreads; concerns about close interactions with 189 member countries

IMF and World Bank managers were considering various options, and the scale and scope of the meeting would reflect the degree of concern

Gold holds above $1,600 on fears over economic impact of coronavirus epidemic despite fall in new cases

Spot gold was little changed at $1,602.78 per ounce, having surged to its highest since 8 January at $1,605.10 in the previous session.