News

AustralianSuper, the country's largest pension fund, lowered the value of its unlisted investments by 7% due to the coronavirus pandemic, its Chief Executive Ian Silk said on Tuesday.

Japan's share benchmark Nikkei climbed more than 7% on Tuesday, logging its biggest one-day surge in more than four years, boosted by hopes for massive buying by the Bank of Japan (BOJ) and public pension funds.

Read More

India's small and mid-sized enterprises (SMEs) will struggle for survival if the government does not follow international counterparts in offering financial support to those acutely impacted by the coronavirus outbreak, industry bodies said.

Corrado Sforza Fogliani is on the frontlines of European efforts to keep the region's economy alive amid the coronavirus pandemic.

Italy is in favour of allowing the euro zone's ESM bailout fund to provide financial support with no conditionality to the economies hit by the coronavirus outbreak, a government source told Reuters on Tuesday.

* Miner Rio Tinto flags hit to operations in S.Africa, Canada

Bahrain's finance minister Sheikh Salman bin Khalifa Al Khalifa said on Tuesday that the government will execute a 4.3 billion dinars ($11.41 billion) package as soon as possible at the highest priority, Bahrain state TV reported. ($1 = 0.3770 Bahraini dinars) (Reporting by Maher Chmaytelli, writing by Hadeel Al Sayegh)

* Stepped-up ETF buying makes BOJ vulnerable to market falls (Adds comments, background)

Italy is in favour of allowing the euro zone's ESM bailout fund to provide financial support with no conditionality to the economies hit by the coronavirus outbreak, a government source told Reuters on Tuesday.

* National cabinet to meet later Tuesday (Adds NSW government response in para 12)