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Lebanon in 'final hours before' declaring it cannot pay its foreign debts

Lebanon was set to announce on Saturday it cannot make upcoming dollar bond payments and wants to restructure $31 billion of foreign currency debt.

China Jan-Feb exports tumble, imports slow as coronavirus weighs heavily

The gloomy trade report is likely to reinforce fears that China's economic growth halved in the first quarter to the weakest since 1990

Vietnam confirms another coronavirus case, total number rises to 18

On Friday, Vietnam reported its first coronavirus case in three weeks after a 26-year-old woman returning to the capital city of Hanoi from Europe tested positive

South Korea's coronavirus cases climb above 7,000, death toll at 46

There are 7,041 cases in total including a new small cluster of cases reported on Saturday at an apartment complex in Daegu, where some members of the church live, the KCDC said.

15 Americans quarantined in Bethlehem over coronavirus scare: Official

The Palestinian Authority has declared a state of emergency in the Palestinian territories after more than a dozen cases of the virus were confirmed in Bethlehem

Ethiopian draft report blames Boeing for 737 MAX plane crash: Report

The US National Transportation Safety Board has been given a chance to lodge concerns or propose changes

Wall Street ends lower as coronavirus fears grow; Dow Jones falls 256 pts

The Dow Jones Industrial Average fell 256.23 points to 25,865.05, the S&P 500 lost 51.54 points to 2,972.4 and the Nasdaq Composite dropped 162.98 points, or 1.87%, to 8,575.62

Grindr's Chinese owner says to sell dating app for $608 mn after US diktat

Grindr describes itself as the world's largest social networking app for gay, bisexual, transgender and queer people.

Oil plunges to lowest since 2017 after Russia rejects steep OPEC cut

An OPEC+ delegate said there were "positive signs" after a separate, earlier OPEC+ meeting had finished.

Coronavirus: Wall Street slumps, investors seek shelter in bond and gold

The S&P index recorded two new 52-week highs and 135 new lows, while the Nasdaq recorded eight new highs and 415 new lows.

SBI to buy 49% stake in Yes Bank under rescue plan; FM assures depositors

Analysts calculate SBI's investment in Yes Bank would need to total almost Rs 2,500 crore ($339.10 million).

Gold set for biggest weekly gain since Oct 2011 over Coronavirus fears

The metal has gained as much as 5.5% so far this week as worries over the coronavirus sent investors scurrying for safe-havens

Falling rupee will push up borrowing cost, says HPCL chief M K Surana

On Friday the Indian rupee slipped below 74 to the dollar for the first time in over 16 months.

Pfizer may work with BioNTech to develop coronavirus vaccine: R&D head

Dolsten said that Pfizer, which already collaborates with BioNTech on the development of mRNA-based vaccines for influenza, is also interested in the company's efforts in coronavirus

Britain spent 4.4 billion pounds of taxpayers' money to prepare for Brexit

The National Audit Office said in a report that most of the money was spent on staff costs, building new infrastructure and paying for external advice

Coronavirus impact: Airbus fails to win any new aircraft orders in February

However, Airbus had an unusually strong January and Boeing rebounded in February with a Japanese order for a dozen 787 wide-body jets

Coronavirus could knock $211 bn off APAC economies, Japan most vulnerable

Japan would take 0.5 percentage point hit and Korea a 1 percentage point knock

Wall Street plunges as coronavirus outbreak slams bank, travel stocks

The Dow Jones Industrial Average fell 969.17 points, or 3.58%, to 26,121.69

Coronavirus scare: OPEC backs biggest oil production cut since 2008 crisis

Russia and Kazakhstan, both members of the broader and informal group known as OPEC+, said they had not yet agreed to a deeper cut

Alibaba Group to offer $144 million in subsidies as shopping suffers

Alibaba's announcement comes as the e-commerce giant wrestles with depressed consumer spending in China