British public unprepared for BoE rate cut: survey
Almost none of the British public surveyed by the Bank of England last month expected it would soon need to cut interest rates, a BoE report showed on Friday.
Deutsche Bank warns virus may ‘materially’ impact targets
Deutsche Bank said on Friday that the impact of the coronavirus outbreak may affect the lender’s ability to meet its financial targets as the fragile bank undergoes a major revamp after years of losses.
Germany plans half-trillion support fund for corona-struck firms: Der Spiegel
Germany plans a half-trillion euro fund to support companies thrown into payments difficulties by the coronavirus crisis, which will have the ability to guarantee liabilities or even inject capital when needed, Der Spiegel reported on Friday.
Markets lifted as central banks, governments pour in cash
Stock markets rebounded from some of their recent huge losses on Friday, pulling further away from three-year lows as central banks and governments pledged masses of cash to reduce the economic impact of the coronavirus pandemic.
OPEC supply curbs, U.S. measures could support oil prices near term: Goldman
Supply restraint by core-OPEC producers could push second-quarter Brent oil prices up to $30 a barrel, while U.S. measures to support the market could underpin prices in the near term, Goldman Sachs said in a research note.
Oil extends recovery as Trump hints at intervening in Saudi-Russia price war
Oil prices recovered further on Friday, following steep gains in the previous session after U.S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia at an “appropriate time”.
South Korea, China, Japan foreign ministers to hold video conference over coronavirus response: Seoul
The foreign ministers of South Korea, China and Japan will hold a video conference on Friday to foster cooperation on the coronavirus pandemic, Seoul’s foreign ministry said.
Coronavirus concerns overshadow Olympic flame arrival in Japan
An Olympic cauldron was ignited in Japan on Friday with a flame carried from Greece, with officials again pledging the Tokyo 2020 Games will proceed despite mounting pressure to halt the world’s biggest sporting event due to the coronavirus pandemic.
Latest on the spread of coronavirus around the world
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.
Unity will help Iran overcome coronavirus, Rouhani says
Iranians will overcome a coronavirus outbreak with unity, President Hassan Rouhani said in a televised speech on Friday, praising doctors and nurses for their courage in fighting the disease that has killed 1,284 in the Middle East country.
