Markets

Amazon.com Inc said late on Sunday that two employees in Milan, Italy, have contracted the coronavirus and are under quarantine.

U.S. stock index futures tumbled when trading reopened on Sunday night with investors still unnerved by coronavirus and taking little solace from weekend comments by U.S. officials that aimed to soothe panic about a pandemic.

The implied yield on U.S. 10-Year Treasury futures traded below 1per cent for the first time, as investors grew increasingly unnerved by the spread of coronavirus.

Goldman Sachs economists on Sunday predicted the U.S. Federal Reserve will cut interest rates aggressively perhaps before its next scheduled meeting in two weeks time, saying the head of the U.S. central bank sent a clear signal with his unscheduled statement on Friday.

WASHINGTON: Investors battered by the breathtaking drop in global stock markets on coronavirus fears are ever more convinced the world's big central banks, including the Federal Reserve, will soon step in to try to quell the storm. Against that, the top economist for the US bank lobby - a former...

NEW YORK: Delta Air Lines and American Airlines are temporarily suspending some flights between US airports and Milan because of the spread of the novel coronavirus in parts of Italy, the two carriers announced. Delta is suspending flights between New York's busy John F. Kennedy International ...

ZURICH: Markets worldwide have seen dramatic drops over the past week amid coronavirus fears, but thanks to reforms following the global financial crisis, they are proving "resilient", the Bank of International Settlements' chief economist said on Sunday (Mar 1). Presenting a quarterly review of ...

United Airlines Chief Executive Oscar Munoz told employees the U.S. airline would likely need to cut additional flights in the wake of sagging demand because of the coronavirus outbreak, the airline confirmed on Sunday.

Investors battered by the breathtaking drop in global stock markets on coronavirus fears are ever more convinced the world's big central banks, including the Federal Reserve, will soon step in to try to quell the storm.

British Prime Minister Boris Johnson warned he would drive a hard bargain with the United States in upcoming trade talks as the government sets out its negotiating position on Monday.