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Coronavirus layoffs push US weekly jobless claims to 2-year high

Initial claims for state unemployment benefits jumped 70,000 to a seasonally adjusted 281,000 for the week ended March 14, the highest level since September 2017.

Coronavirus: Bank of England cuts rates to 0.1%, ramps up bond-buying

The BoE's Monetary Policy Committee voted unanimously for the cut to the benchmark rate -- which had been slashed to 0.25% from 0.75% on March 11

US recession chances now at 80% despite Fed emergency moves: Report

The virus and COVID-19, the disease it causes, has spread around the world, crippling global economic activity through lockdowns and business shutdowns.

Wall Street opens marginally lower as coronavirus response falls short

The S&P 500 opened lower by 4.62 points, or 0.19%, at 2,393.48

Policymakers slash rates, pump liquidity to boost panic-hit global markets

Central banks in emerging countries from Brazil to India have stepped in this week to buy government bonds to prevent a jump in borrowing costs that would put more pressure on their economies.

US freezes all visa services worldwide to halt coronavirus spread

Missions will resume routine visa services as soon as possible

Govt blocks roads in Kashmir after emergence of first coronavirus case

Several other areas in India have introduced curbs on public assembly as coronavirus cases in the country rose to 166

Foreign investors turn net sellers of Asian bonds in Feb on Covid-19 fears

Foreigners also sold $599 million in Thai bonds in the previous month

Coronavirus impact: SoftBank shares close down 17% in biggest one-day fall

SoftBank racked up the second biggest fall in the benchmark index, breaking the 3,000-yen level to close at 2,687 yen.

Cash is king as emergency central bank stimulus fails to stop market panic

Stocks, bonds, gold and commodities fell as the world struggles to contain coronavirus and investors and businesses scramble for hard cash.

Covid-19: Australia dives into quantitative easing, cuts rates for 2nd time

The Reserve Bank of Australia (RBA) reduced its cash rate to an all-time low of 0.25% and said the board would not tighten policy until it achieves its employment and inflation goals.

Oil prices surge nearly 20% as investors hail coronavirus stimulus spending

OANDA's Moya cautioned that the selling could start again in oil markets.

Gold rises as ECB measures to limit coronavirus impact lift investors' mood

The metal fell about 3% on Wednesday along with other precious metals, as investors sold across assets to hoard cash.

US Federal Reserve moves to ensure liquidity in money market mutual funds

The new facility will offer "support for the flow of credit to households and businesses" by ensuring the $3.8 trillion money market mutual fund industry can sell its holdings of US Treasury bonds

Free testing to paid sick leave, major elements of US coronavirus aid bill

The bill would provide free coronavirus testing for those who need itR

Coronavirus: India mulls up to $1.6 bn rescue package for aviation sector

The Finance Ministry is considering a proposal that includes temporary suspension of most taxes levied on the sector

Japan may offer cash payouts to households for battling coronavirus

The Sankei newspaper reported Japan's ruling coalition was considering an economic package worth more than 30 trillion yen ($276 billion) to deal with the virus fallout.

China's HIV drug experiment to treat novel coronavirus outbreak fails

The test "was a heroic effort. Unfortunately, the trial results were disappointing"

European Central Bank to print 1 trn euro this year to stem Covid-19 rout

The euro rebounded after the announcement and was last up 0.16% at $1.0929 and Asian stock markets stabilised.

Global airline industry in turmoil as coronavirus batters air carriers

In Australia, Qantas said it would cut all international flights