President Donald Trump's decision to ban travel from many European countries is "politically motivated" and will not prevent further coronavirus cases, analysts told CNBC.
Russian Energy Minister Alexander Novak said on Friday Moscow sees no grounds for returning to discussions with its OPEC+ partners, the Interfax news agency reported.
The U.S. Food and Drug Administration issued emergency authorization for a coronavirus test made by Swiss diagnostics maker Roche, a move aimed at boosting screening capacity to help contain the growing epidemic.
With oil prices plunging amid concerns over a price war between Russia and Saudi Arabia, and the coronavirus outbreak obliterating stock markets, Africa's largest economy is in a precarious position.
In an indication of how deep the economic shock of the new coronavirus is, many of China's hardest-hit businesses are still struggling because their workers haven't returned, while many employees are getting wage cuts.
There's been an "isolationist" approach to the global coronavirus outbreak, especially in the United States, according to Wayne Swan, former treasurer of Australia.
Norway's central bank cut its key interest rate to 1% from 1.5% Friday, as it becomes the latest central bank to make a surprise monetary policy announcement.
Japan's economy will take a hit if the Olympic Games are canceled due to the coronavirus outbreak, an analyst said on Friday amid swirling speculation over whether the massive sporting event will take place as scheduled this summer in Tokyo.
In Australia, shares recovered from earlier losses and rebounded sharply, with the S&P/ASX 200 closing 4.42% higher at 5,539.30 — after falling more than 8% at one point during the session.