Indias drugs exports. Indian Pharma Companies get almost 70 percent of their active ingredients from china and the corona Virus Outbreak has disrupted Global Supply chains dependent on chinese exports other than Mainland China and hong kong some of the compounds can come from European Countries in the u. S. But its doubtful india can make up the shortfall in their chinese supply is shut down especially given the extra costs despite the talk of pharmacies running out Prime Minister Narendra Modi has urged people not to panic. Pressure is growing on governments and Central Banks to fight off the virus and avoid a steep slump she 7 finance ministers say theyre plotting a powerful and timely response analysts say its a tug of war between hope and fear Central Banks giving hope with promise stimulus a straight being the 1st to cut Interest Rates to the coronavirus down to a record low of hof percent well vietnam is the latest country to try to give its economy a boost to combat the economic
Disrupted Global Supply chains dependent on chinese exports other than Mainland China and hong kong some of the compounds can come from European Countries in the u. S. But its doubtful india can make up the shortfall in their chinese supply is shut down especially given the extra costs despite the talk of pharmacies running out Prime Minister Narendra Modi has urged people not to panic. Pressure is growing on governments and Central Banks to fight off the virus and avoid a steep slump she 7 finance ministers say theyre plotting a powerful and timely response analysts say its a tug of war between hope and fear Central Banks giving hope with promise stimulus astray being the 1st to cut Interest Rates of growth of virus down to a record low of a percent we have now is the latest country to try to give its economy a boost to combat the economic consequences of the disease the government announcing more than a 1000000000 euros in stimulus spending stimulus package includes tax breaks lower
Streets eerily deserted others despite warnings and stockpiling so until the point we ask coronavirus is it out of control. Well welcome in worrying times too to the point here a d w in with me in the studio to discuss our Global Crisis is a hollow son whos written extensively on the coronavirus for the berlin based daily developed she says we dont have to worry about controlling our fear right now we have to worry about controlling the spread of this virus also once this is out on the ride was a correspondent for germanys a on t. V. Network but shes a specialist on german domestic politics and china a country she knows very well and already out of believes that 1st china needed help. No china is helping others and very well welcome to 2 multi laming author and Senior Editor thats another leading berlin paper target spiegel husseins after the 911 terror attacks of the 2008 financial crisis this is the 3rd major of people of this century. Thank you all for being here they provide to beg
Matches consoles amid all the uncertainty those who can a staying at home leaving streets eerily deserted others despite warnings and stockpiling so on to the point we ask coronavirus is it out of control. Well welcome in worrying times too to the point here a d w in with me in the studio to discuss a Global Crisis is deep hollow son whos written extensively on the coronavirus for the berlin based daily devalued she says we dont have to worry about controlling our fear right now we have to worry about controlling the spread of this virus also once this is out on a ride as a correspondent for germanys a on t. V. Network but shes a specialist on german domestic politics and china. A country she knows very well and early on i believe that 1st china needed help now china is helping others and a very warm welcome to tumulty laming author and Senior Editor thats another leading berlin paper target spiegel husseins after the 911 terror attacks of the 2008 financial crisis this is the 3rd majo
Matt the coronavirus spreads stateside. New cases across the u. S. Including in new york city. President trump meets with pharma executive today as the global death toll passes 3000. The fed is in play. Policymakers stand ready to cut rates but doubted they can fully offset the virus in fact. Goldman sachs sees a 50 basis point reduction this month. Berlin reports its first case of the coronavirus. Italy seeks a wider deficit to pay for emergency economic measures as cases soar. We are under an hour away from cash trading in europe. You are getting 1 to 2 gains in futures, the ftse futures up. This is after the biggest route we have seen, we saw last week since 2008 for the broader stoxx 600 european index. Getting gains in the preachers in the u. S. Are not as sharp but we are 7. 5 hours away from the start of trading there. The nasdaq, down, many contracts rising this morning. What are you seeing . Money going into risk assets. That is the theme through the Asian Session and markets