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Oil prices fall 3% as coronavirus infections raise demand concerns

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Coronavirus pandemic: Google India employee diagnosed with COVID-19

The software engineer had travelled to Greece with his spouse and is reportedly the fifth of six COVID-19 cases in Karnataka. Google has asked those who had bee...

Stocks plunge 9% in coronavirus sell-off

The Cboe Volatility Index (VIX), widely considered the best fear gauge on Wall Street , jumped to more than 76 and hit its highest level since 2008. The broade...

Transport Secretary says smart motorways are safe and announces improvement plan

In order to address these risks the Transport Secretary has unveiled a package of 18 measures , which includes abolishing confusing "dynamic hard shoulder" m...

Wall Street braces for another tumultuous day

Major S&P 500 sectors are all down more than 2% in early trade. US stock indexes dropped sharply on Wednesday after attempting a rebound in the previous sessi...

Coronavirus crisis: Australians told to rethink foreign travel

Economists predict Australia could fall into recession, but it won't be known until at least two consecutive quarters of economic data show negative growth. Any...

Twitter staff ordered to work from home over virus fears

For contractors and hourly workers who are not able to perform their responsibilities from home, Twitter will continue to pay their labour costs to cover standa...

Cruise line at the centre of coronavirus outbreak suspends global operations

In a press release, Princess Cruises said that passengers now onboard a cruise that is set to end within five days will sail as expected. Customers whose ...

Virus package to put $17.6b into economy

The stimulus package also includes a 1 billion Australian dollar ($650 million) fund to help its embattled tourism sector, which has been sluggish since the wil...

No travel from Europe over COVID-19, tax relief for workers

Exemptions from the ban include permanent USA residents, any immigrants who are married to a US citizen or permanent resident, and immigrants who are the pare...

Fed Pumps Another $1.5 Trillion into Repo Market

The Federal Reserve Bank of NY said in a statement that the "changes are being made to address highly unusual disruptions in Treasury financing markets asso...

US Securities and Exchange Commission staff in Washington shows coronavirus symptoms

The SEC itself admitted that it has been holding meetings through remote communication, allowing for the participation of the directors of its extension offices...

Boris Johnson quote describing 'Jaws' mayor as 'hero' resurfaces amid coronavirus crisis

The U.K.'s chief medical officer said taking steps like banning public gatherings "too early" could mean "people's enthusiasm runs out too early", and they're l...

Fight against coronavirus: Iran requests International Monetary Fund for $5 billion emergency funding

Abdolnaser Hemmati, the head of Iran's central bank, wrote on his Instagram page that "in a letter addressed to the head of IMF , I have requested five billi...

Google Tells All 100,000 North American Employees to Work from Home

Alphabet's decision comes in the wake of a spike in cases of coronavirus in the USA, which has now seen 900 fasee and 30 deaths. Google was also forced to ...

Australia unveils $11.4 billion in virus outbreak stimulus

Prime Minister Scott Morrison announced the almost A$18 billion package - equivalent to just under one percent of GDP - which will primarily be targeted at bu...

Australian PM Morrison: Fiscal stimulus measures Worth A$17.7Bln

Australia has recorded 127 cases of the virus and three deaths. Australia Treasurer Frydenberg says A$11 bln of stimulus to be dispersed before end of June. "...

Magic Leap is reportedly trying to find a buyer

Now, it looks like the company might be ready to sell their AR headsets. The report said that Magic Leap is exploring a range of options that include partne...

Hiring outlook 'modest' going into second quarter of 2020, survey suggests

Employers in all seven United Kingdom industries report an increase in hiring intention for the next quarter with the strongest forecasts in the Utilities secto...

Trump Halts Flights From Europe: Stock Market Futures and Bitcoin Tumble

The easing of monetary policy in the United Kingdom came with other measures to support the economy, including cheaper borrowing for small businesses. Democrati...

New York Fed boosts daily cash injections US$175b daily

Fed repo operations take in Treasury, mortgage and agency securities in what is effectively a loan to banks, collateralized by the bonds. The Fed said on Wedn...

CDC awards La. more than $7.8M for COVID-19 response

On Wednesday, the CDC announced that the State of Minnesota will receive $ 10,048,123.80 to support its response to the coronavirus. Ambassador Chen says, due...

Shock move: Bank of England slashes key rate over virus fears

The Canadian will leave the bank on March 15, to be replaced by Bailey. "The reduction in Bank Rate will help to support business and consumer confidence at a...

Trump to discuss coronavirus response with Wall Street chiefs

Fauci told a House Oversight and Reform Committee hearing . Payroll tax cuts as well as "corporate tax cuts and other tax-law changes (such as indexing capit...

Stocks Plunge in Worst Day Since Financial Crisis

Sinking beyond the 20% mark would confirm a bear market. The unprecedented and unexpected collapse of oil prices added to a sense of instability created by th...

Google tells North American employees to work from home

The company had previously made it optional for California and NY workers to come into the office, but is now telling its entire North America operation to work...

When Will Crude Oil Hit a Bottom?

Stock markets across the world tumbled on Monday, amid fears over the coronavirus disease, and the fall in global oil prices after the OPEC+ deal collapsed . W...

Italy in national coronavirus lockdown

Prime Minister Giuseppe Conte announced the move after the nation's death toll from the outbreak jumped by 97 to a total of 463 lives lost. A report says th...

Bank of England cuts rates by 50 bps to 0.25% from 0.75%

The bank said that the cut in United Kingdom interest rates will help to support business and consumer confidence, bolster the cash flows of businesses and hou...

Saudi adopts 'shock and awe' tactics against rivals in the oil market

It was the breakdown of talks with Russian Federation at the weekend that prompted Saudi Arabia to turn on the taps and push down the price. "Saudi Arabia ann...

Global stocks rebound as Italy-wide coronavirus lockdown begins

In the eurozone, Frankfurt's DAX 30 added 3.0 per cent to 10,947.03 points and the Paris CAC 40 gained 3.3 per cent to 4,864.77. Sentiment was boosted by n...