Markets

Asian shares fell on Friday following another Wall Street rout as disruptions to global business from the coronavirus beyond China worsened, stoking fears of a prolonged world economic slowdown.

President Donald Trump said on Thursday the U.S. economy might take a hit from the coronavirus outbreak but he predicted the challenge would eventually pass and defended his handling of the crisis.

The coronavirus likely halved China's economic growth in the current quarter compared with the previous three months, more severe than thought just three weeks ago and triggering expectations for earlier interest rate cuts, a Reuters poll found.

JPMorgan Chase & Co Chief Executive Jamie Dimon had emergency heart surgery on Thursday morning and is now recovering, senior bank executives said in an internal memo viewed by Reuters.

SAN FRANCISCO: Twitter Inc said on Thursday (Mar 5) it is banning posts that "dehumanise" people because they have a disease or disability or because of their age, a step that happens to correspond to an explosion of tweets about the spreading coronavirus. The company told Reuters that the...

U.S. financial companies are doubling down on travel restrictions to include domestic trips, replacing meetings with video calls, and webcasting events as the coronavirus outbreak starts to alter business-as-usual across the sector.

NEW YORK: European and US stock markets resumed their downward slide on Thursday (Mar 5), while Brent oil prices slid below US$50 a barrel for the first time since 2017 as global markets communicated more distress over the coronavirus. The Dow Jones Industrial Average ended down 969.58 points (3 ...

SEOUL: For one South Korean multinational company that makes smartphone components used by Apple Inc and LG Electronics Inc , the coronavirus epidemic is dealing blow after blow. First, the initial outbreak forced its China factory to shut down for almost three weeks and caused supplies from ...

Since the Singapore economy is largely dependent on small enterprises it is necessary to shore them up, says Nicholas Sim.

OPEC pushed on Thursday for a bigger-than-expected oil output cut to support prices that have been hit by the coronavirus outbreak, effectively presenting its non-OPEC partners with an ultimatum to back the move or face a price collapse.