liquidity

Coronavirus latest: India opens liquidity window for mutual funds

The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan.

Global cases have reached 2,810,325, according to the World Health Organization.

The worldwide death toll has hit 193,825.

To see how the disease has spread, click this interactive virus tracker:

Here are the latest developments (Tokyo time):

Monday, April 27

5:15 p.m. Thailand’s government says it will extend its state of emergency through May but will consider easing some restrictions on business and public activities as the number of new cases has eased. For today, the country

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Nissan seeks $4.6bn credit line to raise liquidity amid pandemic

TOKYO — Nissan Motor is seeking a credit line worth 500 billion yen ($4.6 billion) from Japanese banks, led by Mizuho Bank. The move is aimed at staving off funding problems for the Japanese automaker as vehicle sales plunge amid the new coronavirus outbreak.

The Japanese automaker decided to make the request at a board meeting on Tuesday, sources told the Nikkei. Its creditor banks are expected to agree to the request.

Nissan believes the funding is necessary as the epidemic is far from over, despite signs of peaking in some countries, such as Italy. 

All Nissan plants in Europe

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