U.S. Treasury Secretary Steven Mnuchin's suggestion on Tuesday that the country's stock exchanges might shorten their trading hours did not go over well with investors reeling from Wall Street's worst day in three decades and growing fears about the coronavirus.
The World Bank on Tuesday said it had increased to US$14 billion the amount of fast-track financing available to members to respond to the global coronavirus pandemic, adding US$2 billion to an initial package announced on March 3.
Apple Inc said on Tuesday it has closed retail stores across the world until further notice, except in Greater China, as companies try to contain the spread of the coronavirus.
Impossible Foods is discussing a new credit line worth several hundred million dollars with its lenders, as the plant-based meat company braces for the economic fallout of the coronavirus outbreak, people familiar with the matter said on Tuesday.
Boeing Co is seeking "tens of billions of dollars" in U.S. government loan-guarantees and other assistance as faces it a looming liquidity crunch from the massive coronavirus economic disruption impacting the entire aviation sector, two people briefed on the matter told Reuters.
U.S. Treasury Secretary Steven Mnuchin's suggestion on Tuesday that the country's stock exchanges might shorten their trading hours did not go over well with investors reeling from Wall Street's worst day in three decades and growing fears about the coronavirus.
Some Democrats in Congress are pushing back on aspects of a proposal by major airlines seeking US$50 billion in grants and loans in the face of the massive travel slowdown as a result of the coronavirus pandemic.
The United States is expected to increase U.S. tariffs on Airbus planes by 50per cent on Wednesday, U.S. and European officials say, dealing a further blow to U.S. airlines already hammered by sharp drops in travel due to the coronavirus pandemic.
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working hours at other outlets, in an effort to contain the spread of the novel coronavirus.
Most companies in Britain don't have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday.
