The economic crisis spawned by the coronavirus pandemic has produced a wave of grim U.S. data, with likely more to come as millions lose jobs, businesses shutter and spending stops.
Britain's economy looks set for a slump that in the short term could be deeper than during the depression of the 1930s, as a survey showed the coronavirus crisis caused a record downturn among services and manufacturing firms in March.
China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc , and sources said some of the banks involved in the Chinese chain's successful US IPO last year were reviewing their work in the listing.
WITH Singapore on Friday announcing further movement restrictions within the country due to the virus outbreak, OCBC said that its annual general meeting (AGM), originally scheduled for April 30, will be postponed.
U.S. stock index futures fell on Friday, with investors awaiting data on non-farm payrolls and business activity to assess the extent of the economic hit from the coronavirus.
When the Federal Reserve polled Wall Street about financial stability risks last fall, "global pandemic" didn't make the list.
The generous U.S. unemployment benefits rolled out to blunt the economic harm caused by the coronavirus could have an unintended effect: it may actually be an incentive for companies to choose layoffs rather than keep staff on their books.
Airbus is studying a sharp cut in narrow-body production rates to accommodate industrial and delivery problems triggered by the coronavirus crisis, three people familiar with the matter said.
European stock markets sank on Friday, erasing meagre gains for the week, as more companies flagged a hit to business from the coronavirus pandemic while oil prices extended their previous day's gains on hopes of a global supply cut.
Organisers of the Beijing autoshow, which was scheduled to be held in late-April, said on Friday the event would be held between Sept. 26 and Oct. 5 due to the coronavirus pandamic.
