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Dow Jones, S&P 500 rise over 9% after national emergency declared

The Dow Jones Industrial Average rose 1,985 points, or 9.36%, to 23,185.62, the S&P 500 gained 230.38 points, or 9.29%, to 2,711.02

J&J sees high demand for consumer products as Coronavirus spreads

J&J said majority of its global medical device manufacturing was running at or near normal capacity, and that it does not expect the outbreak to cause any disruptions to its supply of medicines.

Coronavirus outbreak: Bank of Canada makes surprise 50 bps rate cut

Bank of Canada Governor Stephen Poloz and Morneau held an unprecedented joint press conference to announce the policy changes.

US Fed, banks discuss possible leniency on liquidity threshold for lending

The Fed is reassuring lenders that they should dip into those buffers if needed, the sources said

Apple shifts WWDC 2020 to online-only format due to coronavirus

Its annual developers conference was scheduled to be held in San Jose

European Central Bank on back foot as Lagarde bungles coronavirus message

Lagarde also said the ECB's first consultation about its strategy review had been postponed by six months, which later turned out to be weeks.

Kenya, Ethiopia among 18 African nations to confirm first Coronavirus cases

Kenyan Health Minister Mutahi Kagwe said their first case, a 27-year-old Kenyan, was diagnosed on Thursday after travelling home via London on March 5.

Covid-19: Apple to reopen branded stores in China a month after shutdown

The iPhone maker's Chinese website listed the opening time for all stores, which varies from 10:00 am to 11:00 am local time

Global travel industry in agony as airlines cut flights, coronavirus grows

American Airlines Group Inc and United said they would continue normal flights to and from Europe for the next week but would be reducing capacity to Europe

Rupee hits record low of 74.5 against US dollar amid coronavirus scare

Traders expect the central bank to step in to prevent further sharp falls in the currency but don't see it protecting the rupee at any particular level

SoftBank to buy back up to $4.8 bn of shares after pressure from Elliott

Elliott, one of the world's most powerful activist investors, has amassed a holding of almost $3 billion in SoftBank

As coronavirus becomes pandemic, here's how the world is dealing with it

Mainland China had 15 new infections, down from 24 cases a day earlier, bringing the total to 80,793. The death toll touched 3,169, up by 11 from the previous day

Gold set for biggest weekly drop in nearly 7 years amid Coronavirus scare

Spot gold was down 0.9%. For the week, it was down about 6.7% - the biggest since June 2013.

China boosts efforts to ramp up consumption as COVID-19 hits economy

China will reduce import tariffs on consumer goods and encourage regions that have car plate quota restrictions to increase quota

Covid19: US weekly jobless claims drop, but layoffs loom as crisis persists

There are already signs of weakening demand, at least at the factory level

Investors dazed after Wall Street's worst day since 1987, Dow dips 10%

Wall Street's most recent selloff comes as countries around the world grapple with how to contain the fast-moving coronavirus and its economic effects

Oil falls for third straight day, Brent crude set for worst week since 1991

For the week, Brent is set to fall 28 per cent, the biggest weekly decline since the week of Jan. 18, 1991

Asia markets hammered as coronavirus panic deepens; Nikkei falls 10%

Australia's benchmark fell as much as 7 per cent and is on track for its worst week on record

New York bans gatherings of more than 500 amid coronavirus outbreak

Establishments that can fit 500 people or fewer must halve their capacity beginning on Friday, Governor Andrew Cuomo said.

US senators seek to ban federal employees from using TikTok on their phones

The app has been rapidly growing in popularity among US teenagers and allows users to create short videos.