Money

Coronavirus could last until August "or later"

The Trump administration has released guidelines for 15 days of coordinated action by Americans to stem the spread of the COVID-19 novel coronavirus . "We re...


Asian Shares Plunge as Central Banks Shock Investors with Emergency Moves

That is the lowest level since December 2015, when the Fed raised rates for the first time after leaving them at almost zero for seven years. The Federal Rese...


Dow ends session nearly 3000 points down as virus slams economy

An employee reacts to market data on display at the New York Stock Exchange on March 9, 2020. However, Trump later predicated that "once this virus is gone ...


Amazon warns of delivery delays, running out of items

Amazon is out of stock on a number of household staples and popular items, according to the company's COVID-19 response page . However, the service told us to ...


New Zealand cuts rate to record low 0.25 pct

Lee Sue Ann, Economist at UOB Group, reviewed the recent decision by the RBNZ to cut the cash rate by 75bps to 0.25%. "The New Zealand dollar exchange rate ...


Wall Street sinks as Feds shock cut increases worries over virus spread

The selling was so intense that shortly after trading began - circuit breakers kicked in - which halted trading for 15 minutes. "The market's in panic mode"...


France hits Apple with a $1.23 billion anti-competitive fine

France's competition watchdog on Monday fined iPhone maker Apple 1.1 billion euros ($ 1.23 billion), saying it was guilty of anti-competitive behavior towards i...


Federal Reserve cuts rates to zero to support economy during coronavirus pandemic

Powell said the Fed is not considering negative interest rates. It will buy at least $700 billion in bondsOn Monday, the Fed will start buying at least $500 b...


Bill gates left Microsoft executives

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 ...


Key Economic Gages Plunge as Economy Feels Coronavirus Pain

The median forecast of analysts polled by 1 was for an increase of 1.5%, although estimates diverse broadly. Fixed-asset investment dropped 24.5%, versus a fo...


JetBlue airline bans passenger for life over COVID-19

With 114 passengers on board, the flight from John F. Kennedy International Airport to Palm Beach International Airport remained on the runway for hours after...


Nike Closing Retail Outlets in Much of the World over Coronavirus

PHOTO: A tourist wears a protective mask as she carries her suitcases past a closed Nike store at Las Ramblas, March 15, 2020, in Barcelona, Spain. The Beaver...


USD/JPY drops over 1% as Fed slashes rates to zero

The Fed Sunday cut its key rate by a full percentage point - to a range between zero and 0.25% - and said it would keep it there until it feels confident that t...


Trump Calls Out Fake News Media for False Reporting on Coronavirus Website

And the website is not built by Google; it will be by Verily . "They have made tremendous progress". Now thanks to Trump's "surprise" announcement the Ve...


Brazil's Bolsonaro tested for coronavirus, says son

In the statement, Brazil said it had already notified USA authorities of the positive test. The results of a second test on the Brazilian president are expected...


Jet2 cancels all flights to Spain, Balearics and Canaries

The Associated Press has access into this draft of this battery of steps which Spanish Prime Minister Pedro Sánchez will announce at a nationally televised addr...


Lagarde speech: Even if temporary, virus will have significant impact on activity

Italy is going through a hard situation and its experience in fighting the spread of coronavirus will probably be helpful for all countries of the European ...


Cruise liners halt operations as the coronavirus spreads

The U.S. State Department advised Sunday against any travel on cruise ships, particularly for those with underlying health conditions. Those customers must wait...


Delta cuts flights by 40%, halts Europe service, grounds 300 airplanes

Few, though, are as immediately impacted as the airlines (and all the third-party companies that provide services to them), which have seen an immediate and d...


Spain limits movements, closes shops to stem virus spread

That represents a national increase of over 1,500 in 24 hours. Spain's measures to date, though, had fallen short of those ordered by Italy, the worst-hit Eur...


Australians urged to do their bit on virus

People are also being urged only to be tested for the illness if they are experiencing cold or flu-like symptoms and have recently returned from overseas, or ha...


Yes Bank Announces Record Rs 18,564 Crore Loss for Q3

The abysmal performance comes on the back of a surge in bad loans or NPAs (non-performing assets) and the private sector lender's decision to to enhance its p...


India raises fuel taxes to shore up revenue

In addition, road cess was raised by Re 1 per litre each on petrol and diesel to Rs 10. In the three weeks remaining in the current fiscal, the estimated addi...


Twitter orders all employees worldwide to work from home

Twitter did not indicate the duration of the mandate for homework. Contractors, distributors and hourly workers who can't work from home will continue to be pa...


US President declares national emergency over COVID-19 pandemic

President Trump said he was waiving regulations to allow hospitals to "do as they want". "We are able to use or re-purpose facilities and use treatment facilit...


Fed to add $1.5 trillion in 'temporary liquidity' to Wall Street

The decision to purchase a range of maturities has opened debate over whether the Fed will return to quantitative easing, or the large scale asset purchases it ...


Chinese billionaire Jack Ma offers US virus test kits masks

The Jack Ma Foundation and Alibaba Foundation have donated much-needed medical supplies to multiple countries over the past several weeks, underscoring their ...


Stocks claw back some ground a day after historic plunge

After hitting an all-time high on February 19, the S&P 500 fell more than 20%, officially ending Wall Street's unprecedented bull-market run of almost 11 years....


Australian tax authority issuing audit warnings to local crypto traders

As a result of the ATO's observation on cryptocurrency holder's reluctancy to tax, they have started sending emails to some traders and other taxpayers, bringin...


Coronavirus: Twitter orders employees globally to work from home

Amid the rapid spread of the novel coronavirus , Twitter is making it mandatory for its almost 5,000 employees to work from home . "To continue this push,...