The number of initial jobless claims in the United States soared to reach 6.65 million last week, doubling the record set a week earlier, as the economic impact of the COVID-19 pandemic ripples across the country.
The COVID-19 pandemic, which is sweeping the world, has left in its wake some 900,000 infected and over 45,000 dead by Thursday, according to the lastest World Health Organization (WHO) figures, triggering fears that the world economy could be driven into recession.
The U.S. Federal Reserve on Wednesday temporarily eased its leverage requirements for large banks so as to encourage lending to households and businesses amid coronavirus uncertainty.
China on Thursday released another 20,000 tonnes of pork from its central reserves to increase market supply, according to the Ministry of Commerce.
Tokyo stocks opened higher Friday as a rise in prices for crude oil lifted energy-related issues, while a comparatively soft yen versus the U.S. dollars gave exporters a boost.
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