A California retail developer claims the state's coronavirus lockdown was an act of God that prevented it from completing a $4.2 million property acquisition, asking a court to prevent owner Exxon Mobil Corp from selling to any other buyers.
The impact of the novel coronavirus on Hong Kong's tourism sector is unprecedented and the city can hope to start seeing things returning to normal by July, in part by trying to develop new markets, the head of the tourism board told Reuters.
The number of Americans seeking unemployment benefits in the last three weeks likely totaled a staggering 15 million as tough measures to control the novel coronavirus outbreak abruptly ground the country to halt, which would cement views the economy was in deep recession.
This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck.
From Rupert Murdoch's News UK to McClatchy's chain of local newspapers across the United States, news publishers are attracting record numbers of readers as people in lockdown seek information about the coronavirus pandemic.
Federal Reserve Chair Jerome Powell - one of the key architects of the unprecedented effort underway to shield the U.S. economy from the coronavirus outbreak - may shed more light on the Fed's assessment of the still-unfolding crisis in a live webcast on Thursday morning.
(RTTNews) - Indian shares opened higher on Thursday, tracking strong gains on Wall Street overnight after President Donald Trump said Americans might be getting to the top of the "curve" in relation to the coronavirus outbreak.
Dubai's non-oil private sector was hit hard last month as key sectors of the Middle East's trade and tourism hub were impacted by measures aimed at stemming the spread of the new coronavirus, a survey showed on Thursday.
HONG KONG (Reuters Breakingviews) - Giving Penfolds its own cellar could pay off for Treasury Wine Estates. The $4.7 billion Aussie winemaker said on Wednesday it could spin off its prized brand. That should deliver a higher valuation for the label and separate it from a
India's retail inflation is expected to have dropped to a four-month low in March on softer food and fuel prices and as already slowing demand likely plummeted due to a nationwide lockdown towards the end of the month, a Reuters poll found.
The World Bank sharply downgraded its outlook for developing countries and emerging markets in Europe and Central Asia this year due to the coronavirus epidemic, but said those economies could swing back into solid growth in 2021.
Indian shares rose on Thursday, in line with broader Asia, as investors hoped that the coronavirus pandemic was nearing its peak and that governments would roll out more stimulus measures.
Mexican authorities said on Wednesday that about 60 personnel across two more hospitals have tested positive for the coronavirus, adding to a wave of infections among medical workers, according to local authorities and media reports.
(RTTNews) - Asian stock markets are mostly higher on Thursday following the overnight rally on Wall Street amid optimism that coronavirus infections around the world are nearing a peak and on expectations of more stimulus measures by governments.
Australian police said on Thursday they have taken the "black box" of a cruise ship which disembarked hundreds of passengers infected with the coronavirus in Sydney, as part of a homicide investigation into the country's deadliest infection source.
Commodity currencies drew support on Thursday from hopeful signs the coronavirus pandemic may be peaking and that major oil producers may agree to cut output to stem a plunge in oil prices.
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