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After slashing rates, US Fed has more options to fight coronavirus effect

Officials will also be looking for any sign of real change on the horizon, in terms of slower growth or higher unemployment, he said

OPEC struggles to get Russian backing for oil cut amid coronavirus crisis

A panel of several ministers from OPEC, Russia and other producers failed to clinch a preliminary agreement for additional cuts, OPEC sources said

Microsoft's Silicon Valley staff to work from home amid coronavirus fears

Microsoft asked many of its employees in the Seattle region near its headquarters and the San Francisco Bay Area to work from home if possible until March 25

Coronavirus: India tries to revive economy by pushing banks to lend more

Lenders have been asked to focus particularly on 10 states in northeast and central India, regions where less credit has been made available than elsewhere

Mike Bloomberg exits US elections after primaries rout, endorses Biden

Bloomberg's only victory on Tuesday came in the US territory of American Samoa

Chinese scientists say two types of coronavirus could be infecting people

The preliminary study found that a more aggressive strain of the new coronavirus associated with the outbreak in Wuhan accounted for about 70% of analysed cases

US businesses show growing concern over impact of coronavirus, Fed survey

The Fed cut interest rates by a half percentage point on Tuesday in an emergency move to mitigate the possible economic effects of the flu-like illness on the world's largest economy

Coronavirus scare wipes out hopes for faster growth in 2020: IMF chief

Georgieva and World Bank President David Malpass underscored the importance of coordinated action to limit the economic and human impact of the virus.

Feb unemployment rate hits 4-month high of 7.78% as slowdown persists: CMIE

In rural areas, the unemployment rate increased to 7.37% in February from 5.97% in the previous month

China factory output at its worst ever as COVID-19 hurts economy: PMI

The findings, which focus mostly on small and export-oriented businesses, were backed by an equally grim official survey released on Saturday, which showed the steepest contraction on record

Oil bounces from multi-year lows as hopes of OPEC+ cut offset virus impact

US West Texas Intermediate crude hit a 14-month low of $43.32 a barrel, before recovering to $45.23, up 47 cents, or 1.1%

Manufacturing activity growth slows in Feb to 54.5 on weak demand: PMI

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, fell to 54.5 last month from January's 55.3

Gold rises 1% as recession fears send investors scurrying for safe haven

The benchmark US 10-year Treasury yields fell to a record low, while the yen rose to its highest since October against the US dollar

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

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