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A range of Turkish clothing retailers said they were temporarily shutting stores from Thursday in response to the spread of the coronavirus, after President Tayyip Erdogan advised Turks not to leave home for three weeks unless necessary.

Turkish clothing retailers, including Mavi Giyim and Vakko Tekstil, are temporarily shutting stores in response to the spread of a coronavirus, they said.

India is planning a rescue package worth as much as $1.6 billion for the aviation sector, which has been battered after the coronavirus outbreak forced countries to close borders and brought air travel to a near-halt, two government sources told Reuters.

Australia's central bank pumped liquidity into the banking system on Thursday ahead of expected further intervention later in the day, as national airline Qantas stood down two-thirds of its employees because of the coronavirus epidemic.

Brazil has upheld proposals by Boeing Co to buy the jetmaking arm of Embraer, but plunging markets have raised urgent questions over the fate of the $4.2 billion deal as aviation reels from the coronavirus crisis.

Airline industry turmoil deepened on Thursday as Qantas Airways Ltd told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion to aid carriers battered by coronavirus, government sources said.

Brazil has upheld proposals by Boeing Co to buy the jetmaking arm of Embraer, but plunging markets have raised urgent questions over the fate of the $4.2 billion deal as aviation reels from the coronavirus crisis.

Airline industry turmoil deepened on Thursday as Qantas Airways Ltd told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion to aid carriers battered by coronavirus, government sources said.

Qantas Airways Ltd said on Thursday it would halt all international flights from late March until at least the end of May and tell the majority of its 30,000 employees to take leave after Australia advised citizens not to travel overseas due to the coronavirus. [nL4N2BA5XN]

In trading on Wednesday, shares of Compania de Minas Buenaventura S.A. (Symbol: BVN) entered into oversold territory, changing hands as low as $6.50 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used

Shares in U.S. airlines fell sharply on Wednesday after Washington proposed a rescue package of $50 billion in loans, but no grants as the industry had requested, to help address the financial impact from the deepening coronavirus crisis.

Brazil on Wednesday announced measures to provide the country's aviation industry relief from the coronavirus outbreak, allowing airlines and airports to defer certain fee payments, as pressure for government aid intensified across Latin America.

India is planning a rescue package worth as much as $1.6 billion for the aviation sector, which has been battered after the coronavirus outbreak forced countries to close borders and brought air travel to a near-halt, two government sources told Reuters.

Canadian aircraft repair and overhaul services provider Chorus Aviation Inc warned on Wednesday of a sales hit as airline customers cancel flights due to the coronavirus outbreak.

As the United States moves to quickly curb the spread of the coronavirus, the question of which retailers can stay open - and where - depends on what government officials deem to be essential.

President Tayyip Erdogan advised Turks on Wednesday not to leave home unless necessary for three weeks and to minimise social contact until the threat of the coronavirus recedes, but did not tell them to stay away from work.

Panama's Copa Airlines said a "complete, temporary shutdown" of its operations was possible by April, while Brazil's carriers said international travel demand has tumbled as much as 85%, hurt by the outbreak of the novel coronavirus.

The Trump administration on Wednesday asked Congress to approve $500 billion in cash payments to taxpayers in two rounds that would start April 6 and $50 billion in secured loans to U.S. airlines to address the financial impact of the coronavirus, according to a document seen by Reuters.

The coronavirus pandemic has virtually eliminated shaking hands. Its economic impact now has investors doubting whether many companies which shook on mergers and acquisitions will see them completed.

Norsk Hydro, one of the world's largest aluminium producers, warned on Wednesday about increasing risk for its operations due to the coronavirus outbreak. It was too early to estimate the financial impact of the virus outbreak, it added.