S&P, Dow grind lower as virus response falls short
Wall Street drifted lower on Thursday as policymakers pulled out all the stops to try and stave off a deep and lasting coronavirus-driven recession and its damaging fallout on corporate America.
Russia’s Putin, China’s Xi discuss coronavirus, agree medical cooperation: Kremlin
Russian President Vladimir Putin and Chinese President Xi Jinping discussed the coronavirus by phone on Thursday and agreed to deepen cooperation on developing pharmaceuticals, the Kremlin said.
France says pressure on Amazon workers ‘unacceptable’ amid lockdown
Amazon workers in France are coming under unacceptable pressure, Finance Minister Bruno Le Maire said on Thursday, after staff complained they faced not getting paid if they stopped showing up due to fears of coronavirus contamination.
Uber shares jump after CEO says has enough cash to tide over coronavirus crisis: CNBC
Shares of Uber Technologies Inc rose as much as 35% after CNBC reported that the company has plenty of cash on hand to get through the coronavirus crisis and is seeing growth in areas of businesses other than ride-hailing.
Analyst View: Fed opens central bank swap lines to stave off coronavirus slump
The U.S. Federal Reserve on Thursday opened the taps for central banks in nine new countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.
Fed opens dollar swap lines for nine additional foreign central banks
The U.S. Federal Reserve opened the taps on Thursday for central banks in nine additional countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.
Rich world pumps aid to fight coronavirus, epicentre Europe reeling
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.
Prince Albert of Monaco tests positive for coronavirus
Prince Albert of Monaco has tested positive for coronavirus but his health is not a cause for concern, his office said on Thursday.
Ford hoards cash, withdraws profit forecast amid coronavirus outbreak
Ford Motor Co on Thursday moved to hoard cash on its balance sheet, drawing down $15.4 billion from two credit lines and suspending its dividend, in a move to bolster reserves to ride out damage to its business from the coronavirus pandemic.
Bank of England cuts rates to 0.1%, ramps up bond-buying
The Bank of England cut interest rates to 0.1% on Thursday, its second emergency rate cut in just over a week, and ramped up its bond-buying program in a fresh attempt to shield Britain’s economy from the coronavirus outbreak.
