 "Reuters")
Reuters
Reuters
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
Page 1339 - Reuters/workspace/business Standard Web/video
China's $118-bn lending push to curb impact of Covid-19 runs into trouble
Some banks have been left trying to unwind loans or raise agreed interest rates, said two bankers
 "China's $118-bn lending push to curb impact of Covid-19 runs into trouble")
Covid-19: Govts put conditions for offering financial lifelines to airlines
Conditions include provisions that loans may convert to government equity stakes, with Air New Zealand Ltd's bailout also dependent on suspending its dividend and paying interest rates of 7% to 9%
 "Covid-19: Govts put conditions for offering financial lifelines to airlines")
Covid-19: Netflix to cut European traffic by 25% to avoid internet gridlock
The move came after talks between European Union industry chief Thierry Breton and Netflix CEO Reed Hastings
 "Covid-19: Netflix to cut European traffic by 25% to avoid internet gridlock")
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
 "US warns citizens against travel abroad, unveils $1-trillion stimulus plan")
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 outbreak deals blow to NASA's return-to-moon plan by 2024")
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
 "Coronavirus deaths in Italy overtake China as economic damage mounts")
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
 "Wall Street ends higher to stem coronavirus selloff; Dow Jones rises 1%")
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.
 "Bank of England cuts interest rates to near zero, ramps up bond-buying")
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
 "Dow Jones, S&P 500 climb 2% as Fed, other policymakers take further steps")
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 layoffs push US weekly jobless claims to 2-year high")
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
 "Coronavirus: Bank of England cuts rates to 0.1%, ramps up bond-buying")
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.
 "US recession chances now at 80% despite Fed emergency moves: Report")
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
 "Moody's readying for global downgrade of firms hit by virus, oil price drop")
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
 "UN chief says global recession due to coronavirus 'a near certainty'")
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
 "Wall Street opens marginally lower as coronavirus response falls short")
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.
 "Policymakers slash rates, pump liquidity to boost panic-hit global markets")
US freezes all visa services worldwide to halt coronavirus spread
Missions will resume routine visa services as soon as possible
 "US freezes all visa services worldwide to halt coronavirus spread")
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
 "Govt blocks roads in Kashmir after emergence of first coronavirus case")
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
 "Foreign investors turn net sellers of Asian bonds in Feb on Covid-19 fears")
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.
 "Coronavirus impact: SoftBank shares close down 17% in biggest one-day fall")