South Korea's vice finance minister said on Tuesday the widening fallout from the coronavirus outbreak may lead to unprecedented economic and financial crisis for the country, and vowed to take action to keep credit flowing in the market.
Exxon Mobil on Monday said it will make "significant" cuts to spending in the face of the unprecedented slide in oil prices due to the global coronavirus outbreak.
NASCAR on Monday postponed five more races due to the coronavirus outbreak but said it still intends to reschedule them and run all 36 events on its calendar.
Wall Street suffered its biggest drop since the crash of 1987 on Monday after unprecedented steps taken by the Federal Reserve, lawmakers and the White House to slow the spread and blunt the economic hit of the coronavirus failed to restore order to markets.
Brazil's government on Monday announced emergency measures to inject nearly 150 billion reais ($30 billion) into the economy to soften the blow from the coronavirus pandemic.
(RTTNews) - The Malaysia stock market has moved lower in three straight sessions, plummeting almost 165 points or 12 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,280-point plateau and it's expected to open in the red again on Tuesday.
The Reserve Bank of Australia (RBA) injected extra cash into the financial system on Tuesday as steep falls in global equity markets driven by concerns about the coronavirus threatened to drain liquidity and push up borrowing costs.
Exxon Mobil on Monday said it will make "significant" cut to spending in the face of the unprecedented slide in oil prices due to the coronavirus outbreak.
Brent crude oil futures fell almost 13% on March 16, sending the most important global oil price benchmark below $30 for the first time since Feb. 11, 2016, when it closed at $28.82 per barrel. The major U.S. benchmark, West Texas Intermediate, joined Brent in the rout, falling
In a move that's likely to bring pleasure to the palates of many fans, PepsiCo (NASDAQ: PEP) responded to popular opinion by launching a campaign to promote its release of two soda flavors. One is a returning favorite, Pepsi Wild Cherry Zero Sugar. The other is a new offering, P
After shutting down Disneyland, Disney World, Disneyland Paris, and Disney Cruise Line operations last week, Disney (NYSE: DIS) announced on Monday it would make additional closures. The entertainment giant will cease all store operations in North America on Tuesday, and all of
British online money transfer service TransferWise Ltd said on Monday it is partnering with mobile payments giant Alibaba-backed Alipay to enable instant transfers to China using 17 currencies.
(RTTNews) - The South Korea stock market has finished lower in four straight sessions, plunging almost 250 points or 13.3 percent in that span. Now at an eight-year closing low, the KOSPI sits just beneath the 1,715-point plateau and it may extend its losses on Tuesday.
Japanese business confidence plunged to decade lows in March as the spreading coronavirus outbreak stoked fears of a global recession and sent stock markets tumbling, the Reuters Tankan survey showed on Tuesday.
Chesapeake Energy Corp, the oil and gas exploration and production company that helped spearhead the U.S. shale revolution, has tapped debt restructuring advisers amid a rout in energy prices, people familiar with the matter said on Monday.
The Cage Warriors mixed martial arts promotion is set to go ahead with its planned event in England this week despite the disruption caused by the coronavirus after a switch of venue from London to Manchester.
U.S. government debt yields fell on Monday after the Federal Reserve announced it would slash interest rates to near zero, but remained above session lows as investors fretted that Treasuries would sell off as they did last week.
Australia's buy-now-pay-later firm Afterpay Ltd will refund late fees paid by customers in California for loans, which were deemed "illegal" by the U.S. state's financial regulator, the two sides said as part of a settlement.