Page 1346 - Reuters

US warns citizens against travel abroad, unveils $1-trillion stimulus plan

The US Senate unveiled details of a $1 trillion-plus coronavirus bill on Thursday intended to help the US economy

Coronavirus outbreak deals blow to NASA's return-to-moon plan by 2024

The space agency chief ordered the temporary closure of two rocket production facilities after an employee tested positive for the respiratory illness.

Coronavirus deaths in Italy overtake China as economic damage mounts

The United States is urging Americans not to travel abroad at all and could announce restrictions at the U.S.-Mexican border on Friday

Wall Street ends higher to stem coronavirus selloff; Dow Jones rises 1%

Nasdaq outperformed other major indexes, ending 2.3% higher, fueled by gains in Amazon.com, Microsoft and Facebook

Bank of England cuts interest rates to near zero, ramps up bond-buying

BoE Governor Andrew Bailey said the buying would be front-loaded as the central bank sought to address financial markets that were "bordering on disorderly" in recent days.

Dow Jones, S&P 500 climb 2% as Fed, other policymakers take further steps

The Federal Reserve opened swap lines with central banks in nine new countries to ensure the world's dollar-dependent financial system continued to function

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.

Moody's readying for global downgrade of firms hit by virus, oil price drop

The firm has already begun the process in a number of the hardest hit sectors such as airlines, cruise and oil firms, but the moves are about to ratchet up, two of the firm's top analysts told Reuters

UN chief says global recession due to coronavirus 'a near certainty'

The world's wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases ballooned in Europe, the current epicenter

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.

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.