Markets

EMS, Switzerland: Britain faces a "massive shortage" of ventilators that will be needed to treat critically-ill patients suffering from coronavirus, after it failed to invest enough in intensive care equipment, a leading ventilator manufacturer said on Wednesday (Mar 18). "England is very poorly ...

Borrowing costs in the United States, euro zone, Britain and Japan surged on Wednesday after two days in which governments across the globe announced trillions of dollars of spending to support locked-down economies frozen by the coronavirus.

As Wall Street extended its deep sell-off on Friday over fears about the coronavirus, the Dow Jones Industrial Average erased the last of the once sizeable gains it made under U.S. President Donald Trump.

NEW YORK: Trading on Wall Street was halted again on Wednesday (Mar 18) due to rising fear about the economic hit from the coronavirus in spite of massive government stimulus announcements. The 15-minute trading suspension was triggered by a seven per cent drop in the S&P 500, which was at...

The Detroit Three automakers have agreed to shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, a person familiar with the matter said on Wednesday.

Delta Air Lines said on Wednesday it was parking more than 600 jets - at least half of its fleet - cutting more flights and implementing a round of paycuts for officers, managers, and directors while members of the board forgo compensation.

U.S. regulators are considering issuing guidance that would encourage lenders to offer loans to low-income individuals and to provide leniency on some repayments amid the coronavirus pandemic, an official within a banking agency told Reuters.

A tiny Indian consumer rights group which has been leading a campaign to make telecoms companies pay billions of dollars due to the state said on Wednesday it would oppose a government proposal to allow repayment over 20 years.

Mobile carriers are sharing data with the health authorities in Italy, Germany and Austria, helping to fight coronavirus by monitoring whether people are complying with curbs on movement while at the same time respecting Europe's privacy laws.

Thyssenkrupp , a major supplier to the automotive industry, on Wednesday said it was considering shortened working hours as carmarkers reduce or suspend production due to the coronavirus crisis.