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Australia loosens lending laws to revive coronavirus-hit economy

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Fed makes emergency rate cut to combat coronavirus fallout

Australia's central bank is widely expected to cut the policy interest rate to 0.5% from 0.75%, already at a record low. Earlier messages from the US Federal ...

Global virus infections near 90,000. Cases outside China 9 times more

In the meantime, the World Health Organization ( WHO ) said on March 2 that the coronavirus now appears to be spreading much more rapidly outside China th...

Westpac passes along full RBA rate cut

Australian stocks and the Aussie rose after the country's central bank unexpectedly lowered rates by 25 basis points earlier today. Reserve Bank may not wa...

Brad Garlinghouse admits Ripple wouldn’t be profitable without selling XRP

Notably, these monthly sales have been a constant source of criticism even though the company does not sell all the XRP released. Brad Garlinghouse , the CEO...

Wall Street up in choppy trade, stimulus measures take center stage

USA equities posted huge losses for the week ended February 28, as investors fled the stock market and flocked into safe-haven assets amid risk-averse sentiment...

What to be expected from the U.S. job reports of December

Irina Novoselsky, CEO of the jobs site CareerBuilder, said that more employers are offering non-wage benefits such as the chance to work remotely to potential w...

Yen, euro gain on dollar as Fed rate cut talks heat up

Bullard does not vote on the Fed's interest rate policy panel this year, but outlined in detail how he views the set of risks that have driven global equity m...

The 2020 European Car of the Year is the Peugeot 208

The 208, which is offered with both combustion engines and electric powertrains, took a clear win when the votes from the jury were added up. The 2020 award w...

Global economic watchdog warns that coronavirus may shrink world economy

Governments are being asked to consider extreme measures to keep the economy pumping during the coronavirus outbreak - including extra pay and tax relief for ...

U.S. crude falls almost 5%, biggest weekly drop in 12 years

Brent crude dropped to $50.52 per barrel, as WTI retreated to $44.76. Brent crude futures fell almost 14% over the week as well. "While the pace of reported ...

World economy may shrink because of virus, says watchdog

The coronavirus Covid-19 presents the global economy with its greatest danger since the financial crisis, according to the OECD's latest Interim Economic Outl...

Jack Welch, longtime General Electric chief, dead at 84

In his 21 years as CEO, Welch transformed GE into the world's most admired and successful company with his innovative management techniques . Welch was known a...

Man Uses Rice to Visually Represent Jeff Bezos' Net Worth

A 32-year old e-commerce consultant from San Francisco named Humphrey Yang has managed to gain quite a bit of popularity online after he attempted to demonstrat...

Can the Fed inoculate United States economy against virus impact?

Why it matters: Economists aren't sure a rate cut would be effective at offsetting the damage from the coronavirus outbreak, and would put the Fed in ...

BOJ's Kuroda says will take steps to stabilize markets

The statement suggests that the bank will employ any possible tool that would let them flood the markets with money before considering monetary easing. The spre...

Trump Criticizes Fed on Need for Coronavirus Response

Trump, a frequent critic of Powell, said he hopes the Fed gets involved due to the massive declines in the stock market. Similar comments were issued after the ...

Coronavirus awe in Europe, Geneva motor show 2020 canceled

Rolando Gomez, spokesman for the U.N. Human Rights Council, said "well over 1,000 participants" were taking part in a four-week session that began Monday. Every...

Japan - Jibun Bank/Markit Manufacturing PMI (final) for February: 47.8 (prior 48.8)

How they do it: The ISM surveys hundreds of supply chain execs about specifics like new orders, production, and inventories. PMIs are an indicator of private...

Latest on coronavirus spreading in China and beyond

So far, Australia has recorded 29 cases of the coronavirus . - Iraq reported six new coronavirus cases on Sunday, bringing the total number of cases there ...

Australian financial regulators in emergency meeting to discuss virus impact

Westpac had on Friday reaffirmed its guidance there would be "no excitement" at Tuesday's RBA board meeting but now expects the RBA to cut the cash rate by 0.2...

Walmart Working on Walmart Plus Membership Program to Compete With Amazon Prime

No wonder its Prime competitor is focused so heavily on groceries right now - if Walmart can nail the rest of its perks, Amazon may find itself facing surpris...

Trump Pivots to Criticize Fed on Need for Coronavirus Response

Powell will panic again and use up the last of his key weapon, lower interest rates", economist Joel Naroff said in an analysis. The statement said the Fed wi...

Lotto frenzy: 2500 tickets sold per minute before $50m draw

Wagh said the person who won that much "first of all will be busy counting all the money". "While we don't know where tonight's lucky victor - or winners - wi...

Joe Coulombe, Founder of Trader Joe's, Dead at 89

That one store ultimately has grown to a chain of more than 500 stores in over 40 states. So he began transforming Prontolos stores into Trader Joe's . Coulomb...

United Airlines : sharply cuts flights to Asia, cancels investor day

However, there has also been a shortfall in demand to travel to the areas affected by the outbreak. Change fees have been waived for flights to Shanghai and B...

Harley-Davidson CEO to leave struggling motorcycle maker

Harley said that Levatich will stay on through March to assist the company with the transition. In recent years, Harley-Davidson's aggressively expanded into th...

American Airlines has suspended flights to Milan from coronavirus

The suspension is expected to last at least seven weeks. Delta, the dominant airline in the Twin Cities, said Sunday it will suspend service between the US an...

McDonald's giving away free Egg McMuffins Monday

Customers can get the free food by downloading the McDonald's app. The chain also said in a press release that the day is meant to celebrate the "best" fast foo...

EasyJet to cancel flights as coronavirus hits demand

Its shares fell 4.6% in early trading, extending losses for the year to 26% and underperforming the broader market. Budget carrier EasyJet reported a "signifi...

Gold slumps ₹222 on weak global cues

That company, along with most advisers , does not necessarily recommend such high allocations for most investors. On Friday , the most-active April gold fut...