The World Bank said it would announce a package of financial and technical support later on Tuesday to assist with the health and economic impacts of the global coronavirus outbreak.
The emergency rate cut ‘greatly reduces’ the chance of a recession. …read more […]
OPEC and its allies will consider making substantial oil production cuts to lift prices that have been battered by the coronavirus outbreak, Algeria’s oil minister said on Tuesday, as ministers began arriving for talks in Vienna this week.
Global equity markets seesawed in volatile trade and gold prices rose more than 2% on Tuesday after the Federal Reserve cut interest rates in an emergency move to shield the U.S. economy from the impact of the coronavirus.
Apple supplier Foxconn warned revenue would drop 15% in businesses including consumer electronics and enterprise products in the first quarter, but that it would recover thereafter as production returns to normal in virus-hit China.
The U.S. dollar’s strength will remain in place and for longer than expected just a month ago, despite Federal Reserve interest rate cuts intended to limit the economic damage from the spreading coronavirus, a Reuters poll showed.
Time to buy stocks following the Fed’s emergency rate cut? …read more […]
Oil prices were higher on Tuesday but quickly came off session highs reached after the U.S. Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus.
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus.
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus.
Traders of futures contracts tied to the Federal Reserve’s policy rate reacted to a sooner-than-expected reduction in borrowing costs Tuesday with bets on more to come as the central bank moves to try to shield the U.S. economy from the effects of the new coronavirus.
AliExpress, the global e-commerce platform of Chinese online shopping giant Alibaba, warned customers in a Facebook post on Tuesday that there may be some delivery delays due to the coronavirus outbreak. AliExpress is one of the most downloaded shopping apps globally, part of a growing e-commerce trend in which consumers worldwide buy goods such as mobile phone cases and clothing directly from manufacturers mostly based in China. Alibaba Group warned in February of a drop in revenue at its key e-commerce businesses as the coronavirus sweeping China hit supply chains and deliveries. …read more […]
The Federal Reserve cut interest rates by 50 basis points in an impromptu meeting on Tuesday as a response to the coronavirus. …read more […]
This year’s wave season, the annual first quarter when cruise sales hit their peak, was supposed to be smooth sailing for travel advisors. Thanks to the coronavirus, however, it’s bringing cancellations, itinerary changes, postponements, and a whole lot of uncertainty. The past week has been one of long, hectic days for travel advisors like Deedra […] …read more […]
A sharp rebound in world stock markets lost only a little steam on Tuesday despite a lack of any immediately gratifying measures after global policymakers pledged to address the economic fallout from the coronavirus outbreak.
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