IMF advises staff to work from home after coronavirus case at headquarters
The International Monetary Fund on Friday advised all staff at its Washington, D.C., headquarters to work from home until further notice after an employee was diagnosed with COVID-19, the disease caused by the coronavirus, an IMF spokesman said.
Wall Street weekahead: Investors hope Fed can help calm markets as big rate cut expected
Interest rate cuts won’t cure the coronavirus but investors are still hoping the Federal Reserve can take some actions to help soothe the roiled stock market.
JPMorgan says two employees at NYC headquarters contract coronavirus
JPMorgan Chase and Co said on Friday two employees at its headquarters in New York City have contracted the coronavirus.
Dollar bounces vs yen as stocks rally, Trump declares U.S. coronavirus emergency
The dollar surged on Friday, posting sharp gains against the safe-haven Japanese yen as stock markets recovered globally and investors cheered efforts by governments and policymakers to address the economic fallout from the coronavirus outbreak.
Crude posts biggest weekly losses since 2008, hit by coronavirus and Saudi price war
Oil prices on Friday posted their biggest week of losses since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to flood the market with record levels of supply.
Fiat Chrysler plant resumes production after 24-hour halt over coronavirus fears
Fiat Chrysler Automobiles NV said production at its assembly plant in Windsor, Ontario, which was halted for 24 hours over fears of an employee being possibly exposed to the coronavirus, has resumed on Friday afternoon.
U.S. airports up forecast losses this year to $5.7 bln on sagging travel demand
A group representing major U.S. airports on Friday revised upward its forecast for estimated losses this year to $5.7 billion after President Donald Trump instituted new European travel curbs and as flight reductions rose.
Delivery fees, commissions cut as Americans stop dining out
As Americans hole up at home to wait out the coronavirus pandemic, fewer people are going out to eat, leading some fast food chains to cut delivery fees and meal delivery platforms to suspend commissions.
Poland to close borders to foreigners, quarantine returnees
Poland will ban foreigners from entering the country from Sunday and impose a 14-day quarantine on its citizens returning home in a bid to curb the spread of coronavirus, Prime Minister Mateusz Morawiecki said on Friday.
Factbox: Here’s what the new U.S. restrictions on Europe mean for travelers
The United States will suspend travel from certain European countries for 30 days beginning at midnight on Friday as part of an effort to stem the spread of the coronavirus.
