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Updated: 19 hours 49 min ago

Coronavirus spreads fear, isolation, death to elderly worldwide

Fri, 03/20/2020 - 23:02
Grace Dowell, a 63-year-old grandmother, has stopped grocery shopping and canceled all her doctor's appointments. No one is allowed into her rural Maryland home. Every piece of mail is disinfected.

Italy coronavirus deaths surge by 627 in a day, lifting total death toll to 4,032

Fri, 03/20/2020 - 23:02
The death toll from an outbreak of coronavirus in Italy has leapt by 627 to 4,032, officials said on Friday, an increase of 18.4% -- by far the largest daily rise in absolute terms since the contagion emerged a month ago.

Volkswagen tests ventilator output as carmakers join coronavirus fight

Fri, 03/20/2020 - 22:55
German carmaker Volkswagen said on Friday it was joining other manufacturers round the world to explore using 3D printing to make hospital ventilators to combat the coronavirus.

New York order spooks Wall Street, offsets calm from policy efforts

Fri, 03/20/2020 - 22:47
Wall Street see-sawed on Friday after New York's governor ordered residents to stay at home, rattling investors who had taken comfort from fiscal and monetary stimulus measures to counter the coronavirus shock and ease unusually volatile markets.

Hundreds of U.S. flights canceled after air traffic coronavirus cases

Fri, 03/20/2020 - 22:44
U.S. airlines have canceled hundreds of flights at three major U.S. airports this week after a series of coronavirus cases involving air traffic control personnel.

Gin to disinfectant: Belgian distillery joins fight against coronavirus

Fri, 03/20/2020 - 22:42
A Belgian distillery has switched from producing gin to disinfectants after medical authorities sought additional supplies to cope with coronavirus spreading in the country.

Dollar rampage spurs FX interventions, speculation of big G7 move

Fri, 03/20/2020 - 22:40
(This March 19 story corrects March 19 version of the story to fix dollar gain in paragraph 4)

Amazon notifies shopper about U.S. probe of third-party sellers

Fri, 03/20/2020 - 22:38 Inc notified one customer on Thursday about a Department of Justice criminal investigation of third-party sellers on its e-commerce marketplace, according to an email seen by Reuters.

Wall Street slips as New York toughens up on coronavirus spread

Fri, 03/20/2020 - 22:37
Wall Street erased early gains to fall 1% on Friday, as the state of New York ordered all non-essential workers to stay home to curtail the spread of the coronavirus pandemic that has fueled the worst monthly rout in U.S. equities in three decades.

Latest on the spread of the coronavirus around the world

Fri, 03/20/2020 - 22:13
The world's richest nations poured unprecedented aid into the global economy as coronavirus cases ballooned in the new epicentre, Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated.

Who gets the ventilator? British doctors contemplate harrowing coronavirus care choices

Fri, 03/20/2020 - 22:13
The coronavirus pandemic is forcing senior doctors in Britain's National Health Service to contemplate the unthinkable: how to ration access to critical care beds and ventilators should resources fall short.

World's biggest central banks expand access to dollar swap facility

Fri, 03/20/2020 - 22:07
The central banks of the United States, the euro zone, Canada, Britain, Japan and Switzerland agreed on Friday to increase the frequency of their one-week U.S. dollars credit facility, they said in a joint statement.

Nasdaq warns of market manipulation during coronavirus volatility

Fri, 03/20/2020 - 22:04
Financial firms should be on the lookout for potential market manipulation as the spike in volatility and volumes driven by coronavirus concerns could embolden traders with bad intentions looking to "hide amongst the noise," Nasdaq Inc said on Friday.

Oil selloff resumes; set for steepest weekly fall since 1991

Fri, 03/20/2020 - 21:55
Oil prices fell sharply on Friday, putting U.S. crude on track for its biggest weekly percentage decline since 1991, as the spread of coronavirus slashed demand, while Moscow rejected U.S. intervention in a price war with Saudi Arabia.

Fed announces more emergency moves to stem dollar, liquidity strains

Fri, 03/20/2020 - 21:50
The U.S. Federal Reserve continued to roll out emergency support on Friday as it enhanced efforts with other major central banks to ease a global dollar funding crunch and backstopped a market essential for U.S. state and local government finances.

Bank of America adds 1,700 support staff in March

Fri, 03/20/2020 - 21:49
Bank of America Corp's consumer bank has hired 1,700 people in critical support roles so far this month, a spokesman said on Friday, as the industry faces a surge in customer service demand due to coronavirus concerns.

Stretched British supermarkets step-up hiring to ride out health crisis

Fri, 03/20/2020 - 21:49
With food flying off the shelves as fast as exhausted shop assistants can replenish them, British supermarkets have stepped up their hiring to see them through the coronavirus crisis.

Indian banks seek more time over bad loan classification

Fri, 03/20/2020 - 21:47
Indian banks have asked the banking regulator to allow more time before labelling a loan as bad debt, and they sought longer deadlines to meet certain capital standards as the coronavirus pandemic derails businesses, sparking concern over the financial health of banks.

Latest on the spread of coronavirus around the world

Thu, 03/19/2020 - 22:42
The world's wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases ballooned in the current epicentre Europe even as they waned at the pandemic's point of origin, China.

Rich world pumps aid to fight coronavirus, epicentre Europe reeling

Thu, 03/19/2020 - 22:42
The world's wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases ballooned in the current epicentre Europe even as they waned at the pandemic's point of origin, China.