United States Treasury Secretary Steven Mnuchin told lawmakers on Tuesday that he supported the Federal Reserve’s decision to cut rates in a bid to support the economy amid the coronavirus outbreak.
The Federal Reserve on Tuesday cut interest rates amid concern about the potential economic toll of the coronavirus outbreak. The Federal Open Market Committee (FOMC), which sets Fed interest rates, announced it would cut its baseline rate range by 0.5 percentage points to a 1 to 1.25 percent spread.
A growing number of discharged coronavirus patients in China and elsewhere are testing positive after recovering, sometimes weeks after being allowed to leave the hospital, which could make the epidemic harder to eradicate.
Covid 19 might not be a priority in Argentina at the moment, although there are some cases under observation, but what is really threatening is the mosquito-transmitted dengue with 152 cases confirmed in the province of Buenos Aires and some 3.000 in the northern provinces of Misiones and Corrientes.
The coronavirus epidemic caused more death and disruption on Tuesday spreading to new countries as a top health official warned the world was “simply not ready” to contain it. Even as the number of fresh cases declines at the epicenter of the disease in China, there has been a sudden increase in parts of Asia, Europe, and the Middle East.
Iran's deputy health minister confirmed on Tuesday that he has been infected with the new coronavirus, amid a major outbreak in the Islamic republic that have fuelled fears of a contagion in the region. Iraj Harirchi coughed occasionally and appeared to be sweating during a press conference on Monday with government spokesman Ali Rabiei.
The World Health Organization on Monday said the new coronavirus epidemic had “peaked” in China but warned that a surge in cases elsewhere was “deeply concerning” and all countries should prepare for a “potential pandemic”.
China's top legislature said it will immediately ban the trade and consumption of wild animals, in a fast-track decision it says will allow the country to win the battle against the coronavirus outbreak.
Argentine beef exports to its top buyer China fell almost a third in January due to a price dispute with Chinese importers and the effects of a coronavirus outbreak, the head of the country's meat export chamber revealed.
The US government expects China to honor its commitments to buy more US goods under a trade deal signed by the world's two largest economies in January despite the fast-spreading coronavirus outbreak, a senior US official said on Thursday.