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Fed makes unscheduled statement, Goldman Sachs expects aggressive rate cut

Goldman said it expects a total of 100 basis points of cuts in the near term from the Bank of Canada, which meets this week

US officials talk up markets after Coronavirus rout, tout economic strength

The S&P 500 index dropped 11.5% last week as the virus accelerated beyond China's borders, the worst weekly drop since the 2008 global financial crisis

Advent-led consortium to spend billions for Thyssenkrupp Elevator expansion

Thyssenkrupp said on Thursday it had agreed to sell its elevators division to a consortium of Advent, Cinven and Germany's RAG foundation for 17.2 billion euros

Muhyiddin Yassin sworn in as Malaysia's PM, succeeds Mahathir Mohamad

Muhyiddin served as interior minister in the government that collapsed last Monday

Jochen Zeitz named Harley-Davidson interim CEO after Levatich steps down

Harley's bike sales in the United States last year were the lowest in at least 16 years

Turkey's PM Erdogan asks Russia's Putin to step aside in Syria

Government forces, backed by Russian air power, have waged a major assault to capture the northwest province of Idlib, part of the last remaining territory held by rebels backed by Turkey

Olympics to go ahead: Japan PM seeks citizens' help in war on Coronavirus

Abe had already come under fire for his handling of the coronavirus, and Saturday's news conference was his first since the outbreak

Coronavirus outbreak: LG Display suspends work at South Korea factory

An employee of a bank, located in the building housing the plant that turns out smartphone flat screens, tested positive for the virus, leading to the shutdown, a company spokeswoman said

Apple closely watching coronavirus outbreak in South Korea, Italy: Cook

Cook said Apple had re-opened 80% of its stores in China. He also said that iPhone factories in China had restarted and were in 'phase three of the ramp mode'

China's factory activity posts record contraction as coronavirus bites

China's official Purchasing Managers' Index fell to a record low of 35.7 in February from 50.0 in January, the National Bureau of Statistics said on Saturday

US financial regulators expected to discuss coronavirus on Wednesday

The council has regularly scheduled meetings of principles and deputies to ensure agencies tasked with oversight of different markets remain in touch

Oil prices sink to lowest in over a year, biggest weekly drop since 2016

For the week, Brent lost almost 14 per cent, its biggest weekly percentage decline since January 2016, while WTI fell over 16% in its biggest weekly percentage drop since December 2008

S&P 500 drops for 7th day, posts biggest weekly fall since 2008 crisis

The Dow Jones Industrial Average fell 356.88 points, or 1.39 per cent, to 25,409.76, the S&P 500 lost 24.7 points, or 0.83 per cent, to 2,954.06

China reports 44 new virus deaths, lowest rise in new cases in over a month

That brings the total number of confirmed cases in mainland China so far to 78,824

RIL, Nayara Energy plan to wind down Venezuelan oil buys in April

India accounted for about a third of Venezuela's oil shipments in January

Powered by hydrogen, Hyundai's trucks aim to conquer the Swiss Alps

The Swiss H2 Mobility Association - a group of nearly 20 firms - will be the first users

Coronavirus 'getting bigger', says WHO as 5 countries report first cases

World share markets crashed again, winding up their worst week since the 2008 global financial crisis and bringing the global wipeout to $5 trillion

US spy agencies monitor COVID-19 spread; concerned about outbreak in India

US intelligence agencies are also focusing on Iran, where the country's deputy health minister has fallen ill during a worsening outbreak

Coronavirus fuels recession fears: Worst week for global markets since 2008

Wall Street shares led the rout as the S&P 500 fell 4.42 per cent, its largest percentage drop since August 2011

Coronavirus epidemic poses a bigger risk to economy: ECB's Philip Lane

"More widespread contagion and a longer interruption in normal economic activity constitute additional downside risks to near-term projections," Lane told an audience in London.