Markets

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.

Even if Italy's draconian measures to stop the spread of coronavirus prove successful, they will leave an economy in tatters, with small and medium-sized businesses the hardest hit.

China's content regulator granted approval to Tencent to publish two Nintendo Switch games in the country Thursday, as the tech giant aims to bring more Nintendo games to the world's most important game market.

Bitcoin slumped on Thursday to its lowest in more than two months, with traders citing a sell-off across global markets as fears of the economic damage from the coronavirus pandemic take hold.

Two Republican senators on Thursday introduced a bill aimed at banning federal employees from using Chinese social media app TikTok on their government-issued phones, amid growing national security concerns around the collection and sharing of data on U.S. users with China's government.

Disgraced Malaysian ex-leader Najib Razak's corruption trial was halted Thursday after his defence team were reportedly ordered to self-quarantine over fears about the coronavirus.