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US Fed revives commercial paper facility to boost lending

To calm markets, Bank of America said the Fed may need to launch the same kind of commercial paper lending facility it used in 2008. The Fed's commercial ...

USA stocks crash as Fed action fails to calm markets

The circuit breaker was also triggered for the third time in the last week, leading to a 15-minute halt in trading shortly after the opening. All three benchmar...

Oil prices jump US$1 as sharp falls draw investors, bargain buyers

With West Texas Intermediate crude oil now trading around $27 a barrel, this month's historic flush in oil prices has some financial experts concerned that cr...

Qantas to slash 90% of worldwide capacity as new virus restrictions bite

Tourism Minister Simon Birmingham said at the weekend that airlines had enough cash reserves to remain viable for now, but did not rule out a bailout to stop ...

Uber, Lyft suspend rideshare services in U.S. and Canada

Uber Pool rides are no longer operational in the United States and Canada, with Lyft Line being suspended in all markets it's available in. UberPool allows...

Single GOP Congressman Stops Coronavirus Relief Bill From Moving to Senate

Treasury Secretary Steven Mnuchin told reporters he worked with the president on the economic package. "We are hearing feedback that certain small businesses ...

Oil falls to $30 on recession fears and Saudi pump war

Brent crude was up by 1.8 per cent, or 55 cents, to US$30.60 a barrel by 0410 GMT, after hitting a high of US$31.25. If that weren't enough, Saudi Arabia and ...

Coronavirus: Jet 2 suspends all flights to Spain

In New Zealand, Prime Minister Jacinda Arden said almost everyone entering the country from midnight on Sunday must self-isolate to help prevent the spread of C...

Stocks bounce after taking worst hit since 1987 crash

The dollar recouped some lost ground against the safe-haven Japanese yen. Oil gave up attempted gains after Brent's drop below US$30 a barrel on Monday. "The mo...

Oil prices extending losses amid output cut

Negative drivers on the supply side come from the ongoing Russia-Saudi Arabia price war, which is expected to remain unabated in the near-term and aggravated by...

Uber Eats waiving all delivery fees on orders from independent restaurants

These must be qualified independent restaurants, per a GrubHub press release . "That's why we're working urgently to drive orders towards independent restaur...

Trump, asked about coronavirus response, gives himself a 10 out of 10

Even if you are young or otherwise healthy, it is critical that you work from home; avoid social gatherings of more than 10 people; avoid eating or drinking in ...

The Fed slashes rates to near zero to combat coronavirus

Bankrate.com chief financial analyst Greg McBride said the Fed is "dusting off the financial crisis playbook, returning to bond buying , coordinating with othe...

Stocks nosedive on Wall Street

NEW YORK , March 17 ― Wall Street suffered its biggest drop since 1987 yesterday, with the S&P 500 closing at its lowest level since December 2018, as investo...

Amazon is looking to hire 100,000 employees to keep up with demand

With shoppers around the country stocking up on essential items as government officials continue to urge residents to stay home amid the coronavirus outbreak ,...

New Zealand slashes rates as PM warns of recession

He said the Government has been working closely with the Reserve Bank in a co-ordinated response to the economic impacts caused by Covid-19. Ardern's govern...

North American stock markets plunge again, loonie down

Wall Street's fear gauge jumped 21.15 points to 78.98. The U.S. stock futures market fell at the open Sunday evening, not long after the Federal Reserve ...

France slaps Apple with record 1.1 bn euro fine

The company said that it intends to appeal the decision. France's Autorité de la concurrence, or competition authority, announced the details of the decision ...

Coronavirus: Asia stocks fall after global central bank action

U.S. interest rates now stand at a range of 0% to 0.25%. The Fed chairman said Congress and the White House will ultimately have to address the health implica...

Bill Gates Steps Down From Microsoft’s Board Of Directors

With Gates stepping down from the board there will be an indirect effect on the company's productivity, functionality and the overall image, however, will it be...

Coronavirus Devastates Chinese Economy, "Nightmare" Not Over

New home prices in China stalled for the first time in almost five years in February, according to Reuters calculations, as the property market ground to a ha...

JetBlue Passenger Diagnosed with Coronavirus upon Landing in Palm Beach

JetBlue confirmed that the unnamed passenger was banned from flying with the airline "in the future", without elaborating. When the flight landed in Palm Bea...

Nike To Close All U.S Stores Amid Coronavirus Outbreak

Locations will remain closed through March 27, according to a report from CNBC . However, the company was still keeping open its outlets in South Korea, Japa...

Federal Reserve slashes interest rates, eases banking rules

Businesses and schools around the nation have begun temporarily shutting down around the country as efforts are made to contain the outbreak. Meanwhile, Treas...

Google‘s coronavirus screening website will help you find a testing location

I don't know where the press got their fake news, but they got it someplace. "It would be so, so wonderful". The President claimed that Google will collab...

'Life continues,' says Brazil's Bolsonaro after negative coronavirus test

Bolsonaro's health is being monitored. While the Brazilian communications chief was photographed with the American president, Bolsonaro sat beside Trump durin...

ECB Moves to Soothe Investors Unnerved by Lagarde

Italy's central bank chief Ignazio Visco said the ECB would act again if required and clearly articulate its motives. "A temporary envelope of additional net...

Cruise lines voluntarily suspend operations

The CLIA statement said cruise lines are working on the return of ships at sea that are affected by the suspension. Wendy Laros, executive director of the K...

Delta Air Lines suspends all travel to Europe amid travel ban

The message from Delta CEO Ed Bastian cited a number of unfortunate circumstances that have converged to create a flawless storm of demand fall-off, including t...

Spain declares state of emergency over coronavirus

This comes as the Spanish Government formally declared on Saturday a state of emergency, as new cases of the lethal virus continued to soar. And over in Spai...

Coronavirus: Mass gatherings cancelled, Australians urged to avoid worldwide travel

France has ordered the closing of nurseries, schools and universities from the beginning of next week to slow the spread of the coronavirus , while the Netherl...

Yes Bank posts record ₹18,564-cr loss in December quarter

The bank had reported GNPA worth ₹17,134 crore at the end of September 2019. For the December quarter , the bank informed the exchanges that the common equit...

After crude price fall, govt ups duty by Rs 3/litre

The move, however, will not help the government much in reining in the fiscal deficit in the current financial year, as the coffers will be richer by just Rs 2,...

Coronavirus outbreak: Twitter makes work from home mandatory for all employees

The outspread has disseminated across the world since beginning in China late past year, shooting more than 4,600 people, infecting over 126,000, and implying a...

Coronavirus: Trump declares national day of prayer in US

COVID-19 is a disease caused by a new virus that is a member of the coronavirus family and a close cousin to the SARS and MERS viruses that have caused outbreak...