U.S. Federal Reserve policymakers have already begun responding to the coronavirus with an emergency interest rate cut and a reopening of their crisis tool kit, all without a clear idea of what damage is being done outside of plummeting financial markets.
SINGAPORE: Singapore's stock market went into a steep slide on Friday (Mar 13) as fears over the COVID-19 pandemic deepened, joining a global rout that has seen shellshocked investors across the world tip into a "sell-everything mode". The benchmark Straits Times Index (STI) fell as much as 6.3 ......
Bitcoin plummeted to its lowest in almost a year on Friday before rebounding sharply, as coronavirus panic selling hit asset classes across global markets.
Banks have hundreds of billions of dollars in credit lines extended to corporate America. Some companies are no longer banking on them.
The earth in Fukushima still trembled when Yoshihiro Miyamori drove in the dark towards his sake brewery. When he got back after midnight, he found smashed sake bottles and a crack in the wall of the building. It was March 11, 2011.
JAKARTA: Indonesia announced a 120 trillion rupiah (US$8.1 billion) stimulus package on Friday (Mar 13) to support Southeast Asia's biggest economy as the spread of the coronavirus disrupts global activity. The stimulus, representing 0.8 per cent of gross domestic product (GDP), includes exempting ...
BEIJING/SHANGHAI: Chinese electric vehicle maker BYD said on Friday it is making 5 million masks a day to fight the coronavirus pandemic that has killed nearly 3,200 people in China. The Shenzhen-based automaker, which is backed by U.S. investor Warren Buffett, said in a statement it started work ......
The fallout from the coronavirus spread across the Pacific on Friday, with Australian travel firms issuing profit warnings and Japanese carriers cutting capacity, while U.S. airlines rushed to cut flights to Europe in the wake of new travel restrictions.
SoftBank Group Corp is buying back up to US$4.8 billion of its shares after their recent slump, a move that partially met the demand of activist fund Elliott but failed to soothe investors panicking from the coronavirus pandemic.
Apple Inc is reopening all 42 of its branded stores in China on Friday, a company spokesman said, more than a month after they were shut in the wake of the coronavirus outbreak.
