WASHINGTON: The International Monetary Fund on Thursday (Mar 12) urged countries to work together in responding to the rapidly spreading coronavirus outbreak, and called for more donations to help the poorest countries deal with the escalating pandemic. IMF spokesman Gerry Rice said it was too ...
Sinclair Oil Corp, which operates two Wyoming refineries and has licensed more than 1,000 branded gasoline stations, is reviewing offers to buy the company, according to three people familiar with the matter.
German carrier Lufthansa has been forced by the coronavirus epidemic to halt the sale of the international operations of its airline caterer LSG, two people close to the matter said.
NEW YORK: The New York Stock Exchange does not currently plan to close its trading floor and the markets are functioning as expected, even as concerns over the coronavirus cause sharp spikes in volatility, NYSE President Stacey Cunningham said on Thursday (Mar 12). "If there is an outbreak, we...
Shares in Boeing Co dropped more than 16per cent on Thursday on increased concerns over a fallout from news of sweeping U.S. travel restrictions on Europe meant to curb the spread of coronavirus.
NEW YORK: Trading on Wall Street was halted just moments into Thursday's (Mar 12) session after US stocks plunged further on the deepening economic pain from the coronavirus. Trading was suspended after the S&P 500 dropped 7.0 per cent to 2,549.05, triggering an automatic 15-minute suspension ...
The S&P 500 and the Nasdaq on Thursday fell 20per cent below their Feb. 19 closing high, crossing the threshold into a bear market after President Donald Trump's shock move to suspend travel from Europe.
The number of Americans filing for unemployment benefit unexpectedly fell last week, but could rise in the coming weeks as the coronavirus pandemic causes companies to layoff workers amid supply chain disruptions and waning demand for some goods and services.
U.S. lawmakers plan to unveil a bill on Thursday that could be used to block Huawei Technologies Ltd from accessing U.S. banks for certain transactions, in a bid to thwart the Chinese telecoms giant amid frustration over the failure of prior sanctions to curb its business.
The Bank of England must tread carefully to avoid financial stability dangers if it creates a digital equivalent to its existing banknotes, Governor Mark Carney said on Thursday.
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