CNBC Asia

The U.S. Federal Reserve on Sunday announced a suite of measures aimed at cushioning the U.S. economy from the virus outbreak, including lowering benchmark interest rates to zero.

Stock futures tanked in overnight trading on Sunday, triggering "limit down" levels to reduce panic in markets.

American Airlines will be cutting its international schedule by 75% on-year from Mar. 16 to May 6, and reducing domestic capacity by 20% in April.

Life in Europe's major economies is grinding to a halt as the deadly coronavirus spreads.

As of Friday, more than 144,833 cases of coronavirus have been reported, resulting in at least 5,398 deaths.

Apple will be closing its stores outside Greater China until Mar. 27 but its online stores will still be open, Tim Cook said in a tweet.

New York Gov. Andrew Cuomo plans to update the public on the COVID-19 outbreak.

The CDC recommends that people over 60 and anyone with chronic medical conditions stock up on goods and buckle down for a lengthy stay home.

Researchers from Johns Hopkins found that 97.5% of people infected with the new coronavirus will show symptoms within 12 days of catching the virus. That's in line with current CDC recommendations that call for patients to remain in isolation for 14 days after potential exposure.

"In the days and weeks ahead, we expect to see the number of cases, the number of deaths and the number of affected countries to climb even higher," WHO Director-General Dr. Tedros Adhanom Ghebreyesus said Wednesday.

President Donald Trump said Friday that coronavirus testing in the U.S. would soon take place on a "very large scale basis."

Circuit breakers were triggered in many Asian exchanges, including India, Japan, South Korea, Indonesia, Thailand and the Philippines.

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.

As of Thursday, more than 127,749 cases of coronavirus have been reported, resulting in at least 4,717 deaths.

Trump's European travel restrictions could further strain airlines and drive some of them out of business, a trade group warned.

New York City Mayor Bill de Blasio is holding a press conference to update the public on the coronavirus outbreak, which has infected 328 people across the state as of Thursday afternoon.

"We're deeply concerned both by the alarming levels of spread and severity and by the alarming levels of inaction," WHO's Dr. Tedros said.

The U.S. House Oversight and Reform Committee is continuing its hearing Thursday on the country's preparedness and response to the coronavirus outbreak that has swept across the nation.

The spread of a new coronavirus disease — the COVID-19 — is one of the biggest threats to the global economy and financial markets.

Ireland is to shut all schools, universities and childcare facilities until March 29 in response to the spread of the coronavirus.