In an emergency move Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing.
In an address at Downing Street, the Government's Chief Scientific Adviser Sir Patrick Vallance warned virus modelling suggests between 5,000 and 10,000 people in the UK currently have Covid-19 but most are unaware they have contracted it.
China's civil aviation industry bore the brunt of the novel coronavirus pneumonia (Covid-19), as it suffered major losses in February, the biggest in a single month.
Panic over the coronavirus on global financial markets amid the biggest market crash in a generation has forced the US central bank to inject trillions of dollars into bond markets in a dramatic attempt to prevent a repeat of the 2008 credit crunch.
US President Donald Trump has announced sweeping new travel restrictions on Europe in a bid to combat the spread of the coronavirus.
Chinese banks extended 905.7 billion yuan ($130.24 billion) in new yuan loans in February, down from January and falling short of analyst expectations.
NEW YORK, March 11 (Xinhua) -- The total number of confirmed COVID-19 cases in the United States reached 1,001 with 28 deaths by 11:30 p.m. EST Tuesday (0330 GMT on Wednesday), according to the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University.
The central bank has also announced a new term-funding scheme to support small and medium-sized companies, as well as new steps to help commercial banks lend more.
HONG KONG (Reuters) - U.S. private equity firm Blackstone Group Inc (BX.N) is in exclusive talks to take SOHO China Ltd (0410.HK) private in a $4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market.
President Donald Trump said he will propose a temporary payroll tax cut and paid leave for hourly employees unable to work due to the coronavirus — the most concrete step the president has taken so far to address the economic volatility and uncertainty the virus has unleashed on the U.S.
WASHINGTON - The United States is willing to show China some flexibility on its pledges to boost American imports as long as Beijing ensures exports don't surge when production returns to full strength and widen the trade imbalance between the world's two largest economies, people familiar with the discussions said.
The benchmark 10-year Treasury yield broke below 0.4% for the first time ever as coronavirus fears, coupled with an all-out oil price war, sent investors flocking to safer government bonds.
Oil prices plunged after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war.
The Institute of International Finance (IIF) downgraded its economic growth forecast for the United States and China on Thursday, while warning that world growth could reach its weakest since the global financial crisis.
U.K. Prime Minister Boris Johnson held a rare joint meeting with his finance minister and the country’s central bank governor on Thursday to discuss the economic response to the coronavirus outbreak, adding to signs that authorities are planning a coordinated action to defend the economy.
Joe Biden has won nine of the 14 states that voted to pick a Democratic White House candidate on Super Tuesday, a remarkable rebound for his campaign. The former US vice-president overturned predictions to narrowly take the key state of Texas from his main challenger, Bernie Sanders.
WHARF REIC (01997.HK) announced annual results ended December 2019. Turnover declined 2.7% yearly to $16.043 billion. Net profit amounted to $3.928 billion, down 78.2% yearly. EPS equaled $1.29. Second interim DPS was $0.93.
The Federal Reserve on Tuesday took the emergency step of cutting the benchmark U.S. interest rate by half a percentage point, an attempt to limit the economic and financial fallout from the coronavirus.
WASHINGTON: U.S. Treasury Secretary Steven Mnuchin on Tuesday said the United States was not considering lowering tariffs on goods from China in response to the fast-spreading coronavirus, but would look at all options as the situation evolved.
At least seven of 31 Chinese provinces have published long lists of investment projects in the last two months, with a combined investment of around 25 trillion yuan (US$3,6 trillion), including 3.5 trillion yuan (US$500 billion) for 2020.