China kept its benchmark lending rate unchanged on Friday, defying expectations for a reduction to ease borrowing costs in an economy jolted by widespread disruptions to businesses from the coronavirus pandemic.
(RTTNews) - The Thai stock market headed south again on Thursday, one day after it had ended the two-day slide in which it had stumbled more than 90 points or 8.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,045-point plateau although it figures to bounce
(RTTNews) - Walmart plans to pay special cash bonuses totaling $550 million to its hourly employees and hire 150,000 hourly associates in the U.S. amid the coronavirus pandemic.
(RTTNews) - Teva Pharmaceutical Industries Ltd. (TEVA) said that it will immediately donate more than 6 million doses of hydroxychloroquine sulfate tablets through wholesalers to hospitals across the U.S. to meet the urgent demand for the medicine as an investigational target to
U.S crude oil prices edged higher on Friday, extending gains after a 24% jump the previous day, buoyed by hints from U.S. President Donald Trump he may intervene in the price war between Saudi Arabia and Russia at an "appropriate time."
A Chinese report into the coronavirus death of a young doctor reprimanded by police for "spreading rumours" when he tried to raise the alarm about the disease drew quick criticism online after it merely suggested the reprimand be withdrawn.
Luxury automaker Jaguar Land Rover said late on Thursday it would temporarily suspend production at its UK manufacturing facilities from next week to curb the coronavirus' spread.
Peru's central bank slashed its benchmark interest rate on Thursday to a decade-low 1.25%, from 2.25% previously, in an extraordinary measure to counter the economic impact of the coronavirus pandemic.
Australia will within days unveil a second stimulus package designed to shelter its economy from the impact of the coronavirus, two sources familiar with the government's plan told Reuters on Friday.
Australian banks on Friday said they would defer loan repayments for six months for small businesses impacted by the coronavirus in a A$100 billion ($57.34 billion) relief package.
Movie studios Walt Disney and Universal Pictures said on Thursday they were suspending the release of box office data because of the closure of movie theaters in multiple countries in a bid to contain the coronavirus.
Engineer Anthony Levandowski, known for advancing self-driving car technology in the last decade, agreed to plead guilty on Thursday to taking sensitive documents from his former employer Google before joining rival Uber Technologies Inc.
The global economy is already in a recession as the hit to economic activity from the coronavirus pandemic has become more widespread, according to economists polled by Reuters amid a raft of central bank stimulus actions this week.
From Brazil to Norway, policymakers are leaping to defend currencies against the onslaught of the dollar which scaled three-year peaks on Thursday, raising speculation that a joint move by the world's biggest central banks may be in the offing.
Telstra Corp said on Friday it will freeze job cuts for now and hire 1,000 temporary staff at a time when other Australian companies are laying off workers and slashing expenses due to the coronavirus pandemic.
Bentley will stop car production at its British factory from the end of Friday for four weeks over the coronavirus outbreak, one of the final automakers in Britain to announce such plans.
Britain will take further desperate measures to stem the collapse of its economy on Friday, when finance minister Rishi Sunak will outline plans to prop up companies and workers who face hardship from the coronavirus outbreak.
Irish consumer sentiment weakened significantly in early March, a survey taken before the country took its first major measures to tackle coronavirus showed on Friday.