The US Federal Reserve howitzer will minimise chances of financial calamity, but more will be needed to arrest the effects of the COVID-19 pandemic, says the Financial Times' Robin Wigglesworth.
Airlines around the world said they would make more drastic cuts to their flying schedules, shed jobs and seek government aid after countries further tightened border restrictions due to the fast spreading coronavirus.
Technology giant Samsung Electronics has adopted electronic voting for the first time ever for this year's annual general meeting (AGM) on March 18, urging shareholders to use it to help curb the spread of coronavirus.
A massive rollout of easing measures by the Federal Reserve served to deepen some investors' anxiety over how effectively policymakers will be able to mitigate the economic damage from a spreading coronavirus pandemic.
SINGAPORE: The Singapore Exchange (SGX) has rolled out a S$5 million care package to “provide support and relief measures amid the COVID-19 outbreak”. The SGX care package will benefit national healthcare-support programmes, Singapore-listed companies as well as SGX employees and contract staff ...
BEIJING: China's industrial output contracted at the sharpest pace in 30 years in the first two months of the year as the fast spreading coronavirus and strict containment measures severely disrupted the world's second-largest economy, data showed on Monday (Mar 16). Urban investment and retail ...
PARIS: French telecoms operators will exercise greater discipline allocating internet bandwidth from Monday as France braces for a surge in the number of people working from home, the industry lobby's chief said on Sunday. The move could affect access to video-streaming platforms such as Netflix ...
WASHINGTON: United States' airlines have announced drastic reductions in flights after President Donald Trump's administration banned foreign travellers arriving from Europe. American Airlines said it would reduce all international capacity by 75 per cent. READ: US extends travel ban to UK ...
NEW YORK: More major retailers said on Sunday (Mar 15) they would shut stores in the United States to limit the spread of the coronavirus, including Nike, Under Armour and Lululemon Athletica, a day after similar moves by several other US retailers. The coronavirus, which has already caused ...
The U.S. Federal Reserve unleashed new emergency measures on Sunday night to limit the economic harm from the coronavirus, including making it easier for banks to get money and slashing its benchmark borrowing rate to near zero.
