Stock markets and the dollar were roiled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap U.S. dollars to ease a ruinous logjam in global lending markets.
(RTTNews) - United Airlines (UAL) said it will cut capacity by about 50% for April and May, as it expects a drop in demand due to the novel coronavirus outbreak. It also expects these deep cuts to extend into the summer travel period.
Gold prices jumped in early trade on Monday after another emergency rate cut by the U.S. Federal Reserve, before paring gains as some investors sold the metal for cash amid a sell-off in equities.
(RTTNews) - Indian shares look set to open sharply lower on Monday after India reported 110 cases of coronavirus and crisis-hit Yes Bank reported a record loss of Rs. 18,564 crore in the December quarter on the back of a sharp jump in bad loans and higher provisioning.
Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus while a price war rages on between top producers.
Airlines around the world announced they would make more drastic reductions to their flying schedules, cut jobs and seek government aid after countries further tightened border restrictions due to the coronavirus.
Australia's central bank pumped extra liquidity into a strained financial system on Monday and said it would announce more policy steps later in the week as it joined global efforts to counter the damaging impact of the coronovirus epidemic.
The dollar fell against a broad range of currencies on Monday after the U.S. Federal Reserve made another surprise interest rate cut and major central banks took steps to relieve a shortage of dollars and provide extra liquidity.
(RTTNews) - The Thai stock market saw a technical rebound on Friday, ending the two-day slide in which it had plummeted almost 160 points or 12 percent. The Stock Exchange of Thailand now rests just beneath the 1,130-point plateau and it may see renewed selling pressure on Monda
China's industrial output contracted at the sharpest pace in 30 years in the first two months of the year as the fast spreading coronavirus and strict containment measures severely disrupted the world's second-largest economy, data showed on Monday.
Stock markets and the dollar were roiled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap U.S. dollars to break a logjam in global lending markets.
The COVID-19 pandemic is getting worse, both in the U.S. and worldwide. According to the World Health Organization (WHO), as of March 15, there are more than 153,000 confirmed cases of the rapidly spreading disease in the world and more than 5,700 deaths. Many states in the U.S
(RTTNews) - The Indonesia stock market on Friday snapped the two-day slide in which it had fallen more than 320 points or 6 percent. The Jakarta Composite Index now rests just above the 4,900-point plateau although it figures to head south again on Monday.
Andrew Bailey will go straight back into crisis mode when he returns to the Bank of England as its new governor on Monday, this time facing the threat of a global recession caused by the coronavirus pandemic.
For years, bond investors buying debt from riskier euro zone countries such as Italy have been comforted by the presence of the ECB's backstop to borrowing costs. But a communication mishap at a crucial juncture has undone some of that confidence.
(RTTNews) - The Financial Services Forum, which represents eight of the nation's largest banks, said that its members have suspended share buybacks through the second quarter of 2020 due to the coronavirus pandemic.
(RTTNews) - The Australian stock market is tumbling more than 5 percent on Monday after the US Federal Reserve slashed its benchmark lending rate from 1 to 1.25 percent to 0-0.25 percent and also launched a new round of quantitative easing worth $700 billion to help the U.S. eco
Gold prices rose nearly 3% on Monday, following a steep decline in the previous session, as the dollar and global equities fell sharply after the U.S. Federal Reserve made another surprise interest rate cut.
(RTTNews) - The Hong Kong stock market has finished lower in three straight sessions, plunging more than 1,350 points or 5.3 percent along the way. The Hang Seng Index now rests just above the 24,030-point plateau and it's expected to see further downside again on Monday.
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