Instant view: U.S. payrolls better than expected, as markets look to coronavirus impact
U.S. employers maintained a robust pace of hiring in February, giving the economy a strong boost as it confronts the coronavirus outbreak that has stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal…
State Bank of India to buy 49% stake in Yes Bank under rescue plan
State Bank of India , the country’s largest lender, will take a 49% stake in Yes Bank , the Reserve Bank of India (RBI) said late on Friday as it laid out a plan for the rescue of the troubled private lender.
OPEC oil cuts deal in trouble as Russia resists
OPEC’s plans for deep and prolonged oil cuts were derailed on Friday as non-OPEC Russia refused to support the move arguing that it was too early to predict the impact of a coronavirus outbreak on global energy demand, sources told Reuters.
U.S. trade deficit narrows in January; exports, imports fall
The U.S. trade deficit narrowed more than expected in January as imports declined, and further decreases are likely as the coronavirus outbreak disrupts the flow of goods and services.
Robust U.S. job growth boosts economy as coronavirus rages
U.S. employers maintained a robust pace of hiring in February, giving the economy a strong boost as it confronts the coronavirus outbreak that has stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal…
Fed to cut rates again in March, but effectiveness challenged: Reuters poll
The Federal Reserve will cut U.S. interest rates by 25 basis points later this month but it is a close call, according to a Reuters poll of economists who have substantially raised their forecasts for the chances of a recession following the coronaviru…
Rolling in toilet paper – Australian family over-orders coveted commodity
An Australian family is rolling in a much-coveted commodity after mistakenly ordering 48 boxes instead of 48 rolls of toilet paper online.
Across Asia, countries race to boost face mask supplies
At a face mask factory just outside the South Korean capital of Seoul, workers are churning out 300,000 masks a day – and it’s still not enough.
Traders bet Fed will make another, bigger rate cut in mid-March
Traders of futures contracts tied to the Federal Reserve’s policy rate were betting Friday on another, even bigger reduction to borrowing costs at the U.S. central bank’s mid-March meeting.
Coronavirus cases rise to 45 in Greece after group trip to Israel, Egypt
Greece has confirmed 14 new cases of coronavirus infection, health authorities said on Friday, bringing the total in the country to 45.
