South Korea will announce measures on Wednesday to ease dollar funding shortages in its local market, two government officials familiar with the matter told Reuters.
Japan's biggest steelmaker Nippon Steel Corp said on Tuesday its joint venture with ArcelorMittal has signed a $5.15 billion loan agreement with Japanese banks, including Japan Bank for International Cooperation.
(RTTNews) - European stocks look set to open higher on Tuesday, though underlying sentiment is likely to remain cautious on rising fears of a coronavirus-led recession.
(RTTNews) - In a SEC filing, Southwest Airlines Inc. (LUV) stated that the company is withdrawing its previously announced 2020 financial guidance due to the impacts from COVID-19 outbreak. The company's month-to-date load factor through March 15, was approximately 67 percent, w
(RTTNews) - PG&E Corp. (PCG) said bankruptcy court of Northern California has approved the use of $23 billion financing to support the company's turnaround plan. The company won the approval as the California Governor has decided to withdraw his objections to the financing c
Australia's corporate regulator said on Tuesday it filed a civil penalty lawsuit against Commonwealth Bank unit Colonial First State Investments for deceptive communication regarding a financial product, in a case that stems from a government-ordered inquiry into the financial sector.
Australian researchers said on Tuesday they have mapped the immune responses from one of country's first coronavirus patients, findings that the health minister said were an important step in developing a vaccine and treatment.
The Turkish lira traded steady against the dollar on Tuesday after hitting its weakest level since September 2018 the previous evening on concerns about the spread of the coronavirus.
Indian shares rose in volatile trade on Tuesday, mirroring gains in U.S. stock futures amid hopes of further government support to combat the coronavirus outbreak, which has disrupted businesses and stoked fears of a global recession.
(RTTNews) - McDonald's Corp. (MCD) said it would close dining rooms at its corporate-owned restaurants amid concern over the coronavirus pandemic. Additionally, McDonald's will also close its PlayPlaces at US locations.
South Korea will announce measures on Wednesday to ease dollar funding shortages in its local market, two government officials familiar with the matter told Reuters.
Rates to store oil at one of the world's biggest trading hubs are surging, as traders globally scramble to secure space in tanks to cope with slumping demand from the coronavirus outbreak and a flood of supply from the Saudi-Russia price war.
The coronavirus shockwaves rippling through U.S. stocks are forcing investors to contemplate outcomes more dire than a recession, including several quarters of declining economic activity, a credit crisis or even a depression.
Japan will consider various measures, including tax cuts, to deal with deepening damage to its economy from the coronavirus outbreak, economy minister Yasutoshi Nishimura said on Tuesday, amid growing debate on the possibility of cutting sales tax.
SAN FRANCISCO (Reuters Breakingviews) - The U.S. Federal Reserve is trying to pry open the discount window with the help of big banks. Morgan Stanley, Bank of America and six others are tapping the central bank’s emergency facility to try and reduce its stigma. It’s