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The U.S. Federal Reserve opened the taps on Thursday for central banks in nine additional countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.

U.S. Treasury Secretary Steven Mnuchin on Thursday urged Congress to move quickly to pass a $1 trillion economic relief measure by early next week, saying he expects bipartisan support for the bill to get cash payments to Americans during the coronavirus crisis.

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

North American aluminium recyclers and producers are using import tariffs to boost revenue at the expense of local beer and beverage firms, even though most of the metal used in their cans is not subject to the levy, industry data seen by Reuters show.

China's aviation regulator has asked airlines to cut international flights and ordered some Beijing ones to be rerouted, as the country grapples with a rising number of imported coronavirus cases, especially in the capital.

Restrictions imposed by some European Union countries at their borders with other members of the bloc in response to the coronavirus outbreak are disrupting food supplies, representatives of the industry and farmers said on Thursday.

India banned incoming international flights on Thursday, restricted public gatherings and blocked roads to seal Kashmir after the insurgency-torn region reported its first coronavirus infection.

India's biggest airline IndiGo has cut the salaries of most employees by between 5% and 20% in response to the coronavirus outbreak, which has paralysed air travel and dented its revenues, an internal memo seen by Reuters said.

African airlines have lost $4.4 billion in lost revenues as of March 11 due to the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday as carriers on the continent are scrambling to respond to the economic effects of the outbreak.

U.S. lawmakers were rushing ahead on Thursday with forging a massive economic stimulus measure to counter the destructive impact of the coronavirus, with the Senate's leader vowing not to let the chamber adjourn until the mission is accomplished.

Argentina's recession- and debt-wracked economy was ill prepared for the closed borders and long-distance travel ban prompted by the coronavirus pandemic, which has slammed businesses like that of local hotelier Patricia Durán.

Middle East airlines are facing a liquidity crisis and hundreds of thousands of jobs are at risk because of the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday, urging governments to provide state aid.

The coronavirus outbreak caused the steepest drop in German manufacturers' expectations in the 70-year history of surveys, data showed on Thursday, as the three main economic institutes predicted anything from mild recession to a generational crash.

It’s the morning after the day before, which saw a meltdown in financial markets when investors lost faith in policy intervention as the coronavirus laid siege to some of the world’s top economies. Indiscriminate selling on Wednesday sent stocks tumbling. The S&P fell some 5%, bond markets - including some top safe havens - collapsed, oil prices dived to 18-year lows and gold dropped as investors tried to flog whatever they could.

China's poultry and egg output in 2020 are expected to be level with last year, an agriculture official said on Thursday, despite the severe dispruption to the industry because of the coronavirus epidemic.

The coronavirus outbreak will massively impact the German economy in next two quarters at least, the DIW institute said on Thursday, adding that it expected Europe's largest economy to shrink by 0.1% this year.

Britain's FTSE 100 index is seen opening down 191 points on Thursday, according to financial bookmakers, with futures up about 1% ahead of cash market open.

Britain's Burberry warned that sales in the final weeks of March would plunge by around 70% to 80% compared to last year, as coronavirus caused shops to shut and demand for luxury goods to dry up.

From airlines and cruise lines to retailers and energy companies, investors are fleeing large pockets of the corporate credit market, worried that the coronavirus pandemic will lead to bankruptcies, defaults and credit rating downgrades.

Lufthansa said that the airline industry may not survive without state aid if the coronavirus epidemic lasts for a long time, as it throws everything at bringing home stranded travellers and keeping industrial supply chains open.