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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

US imposes sanctions on subsidiary of Russia's Rosneft over Venezuela

The US Treasury Department blacklisted TNK Trading International, a Swiss-based unit of Rosneft

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

World's worst-performing Brazil markets just got hit by $4 bn Budget

While the extra spending will provide a welcome fiscal boost to the struggling economy, analysts say it puts the government's budget goals and economic reform agenda in serious peril

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.

New York Fed to bring new repo operations, change maturities of purchases

The central bank will offer $500 billion in a three-month repo operation at 1:30 pm eastern Thursday

US companies announced 633 layoffs related to coronavirus outbreak so far

The entertainment and leisure sector is the most affected so far, Challenger said

US in crisis mode as coronavirus cases soar, travel restrictions loom

Hollywood has postponed the release of several movies and movie theaters around the world have been closed over the health crisis

Fed may go into its crisis tool kit to ensure smooth ops of financial mkts

Some steps the Fed can take on its own under existing authority, while others might require partnering with the Treasury Department or expanded authority from Congress

British PM asks citizens with virus symptoms to self-isolate for a week

A total of 10 people with coronavirus have died in the United Kingdom since the outbreak

ECB ramps up stimulus in coronavirus fight but stops short of rate cut

The ECB said it would give businesses more ultra-cheap loans, raise asset purchases and provide banks with capital relief