Business & Finance News
Banks have hundreds of billions of dollars in credit lines extended to corporate America. Some companies are no longer banking on them.
The earth in Fukushima still trembled when Yoshihiro Miyamori drove in the dark towards his sake brewery. When he got back after midnight, he found smashed sake bottles and a crack in the wall of the building. It was March 11, 2011.
South Korea reported more recoveries from the coronavirus than new infections on Friday for the first time since its outbreak emerged in January, as a downward trend in daily cases raised hopes that Asia’s biggest epidemic outside China may be slowing.
Stocks plunged on Friday with coronavirus panic selling hitting nearly every asset class – before finding some kind of floor as hopes turned to a U.S. stimulus package.
Major sports events around the world which have been hit by the coronavirus outbreak:
Governments and central banks readied more emergency measures to tackle the economic impacts of the coronavirus on Friday as Asian markets suffered their worst weekly crashes since the 2008 financial crisis.
Nepal has closed all of its Himalayan peaks including Mount Everest this climbing season because of fears of the coronavirus outbreak, a government minister said on Friday.
The alarm over the coronavirus intensified and governments from Ireland to Italy unveiled measures to try to slow the spread of a disease that has infected more than 134,500 people worldwide.
Canadian Prime Minister Justin Trudeau will be in isolation for two weeks after his wife, Sophie, tested positive for coronavirus on Thursday, and the outbreak prompted the province of Ontario to shutter schools to limit the spread.
China’s Wuhan city, ground zero of the new coronavirus outbreak, reported five new cases on Friday, the second day in a row the tally has been less than 10, while no locally transmitted infections were reported in the rest of the country.
Oil fell a third day as the horror show for crude investors continued on Friday amid panic about evaporating demand from the coronavirus pandemic, with Brent set for its biggest weekly loss since 1991 and U.S. crude heading for its worst week since 2008.
Global markets suffered record falls on Thursday as alarm over the coronavirus intensified and governments from Ireland to Italy unveiled measures to try to slow the spread of a disease that has infected more than 127,000 people worldwide.
China’s Wuhan city, ground zero of the new coronavirus outbreak, reported five new cases on Friday, the second day in a row the tally has been less than 10, while no locally transmitted infections were reported in the rest of the country.
Governments and central banks readied more emergency measures to tackle the economic impacts of the coronavirus on Friday as Asian markets suffered their worst weekly crashes since the 2008 financial crisis.
The dollar stood tall on Friday as investors scrambled for the world’s most liquid currency amid deepening panic about the coronavirus while the euro nursed losses after the European Central Bank disappointed by not cutting rates.
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