Chicago Federal Reserve Bank President Charles Evans said on Thursday it was too...
At least 210 people have died of coronavirus in Iran, the BBC reported citing sources in the country's health system, far more than the figure maintained by the government in Tehran.According to the network's sources, most of the deaths have come from Tehran and the city of Qom, where the virus was first found in the country.Iran's Health Ministry on Saturday updated its death toll for the virus to 43, saying that 593 have been infected with...
Stocks are higher after the Federal Reserve cut interest rates 50 basis points in a rare move between central bank meetings.
Stock futures are lower in Tuesday trading after another wild night of electronic trading. The G7 offers no immediate help for markets worried about the coronavirus.
Treasury Secretary Steven Mnuchin said that the administration has no plans to lower tariffs on Chinese goods in response to the coronavirus outbreak but might consider it in the future as it weighs the effects on the global economy.
NEW YORK: The global oil benchmark ended Tuesday slightly lower under pressure from falling equities, but the losses were contained slightly as top producers considered more output cuts to support prices and the Federal Reserve cut U.S. interest rates to support the economy.
Australia's Treasury Department estimates the coronavirus will subtract at least half a percentage point off growth in the first quarter of 2020, but it said it is too early to make a longer-term assessment of the impact of the virus.
Coronavirus to lower Australia first-quarter GDP by 0.5 percentage point - Treasury
Australia's Treasury Department estimates the coronavirus will detract at least half a percentage point off growth in the first quarter of 2020, but says it is too early to make a longer-term assessment of the impact of the virus.
Oil lower on coronavirus fears despite Fed rate cut and hopes for OPEC+ output cut
The Wuhan coronavirus sweeping the globe currently has a mortality rate higher than that of seasonal influenza – although many, many more people die of flu – but lower than that of two previous coronavirus outbreaks since the turn of the century.
European shares fell again on Thursday, taking their cue from U.S. equity futures, which implied a lower open for Wall Street as cases of the coronavirus surged in the U.S. Frankfurt and Paris fell 0.3% and Milan , which is at the heart of Europe's coronavirus outbreak, and London slipped 0.5%