Coronavirus hits global factories; chances of monetary policy easing rise
Global factories took a beating in February from the coronavirus outbreak, with activity in China shrinking at a record pace, surveys showed on Monday, raising the prospect of a coordinated policy response by central banks to prevent a global recessio…
British Airways cancels some flights to United States as coronavirus hits demand
British Airways on Monday said it was cancelling some flights from London to the United States to match reduced demand for flying due to the impact of a new coronavirus on consumer sentiment.
IMF, World Bank say ready to address economic challenges of coronavirus
The International Monetary Fund and the World Bank on Monday said they stood ready to help member countries address the human and economic challenges of the fast-spreading coronavirus outbreak, including through emergency funding.
Wall Street gains as investors buy the dip; stimulus measures in focus
U.S. stock indexes rose on Monday, recovering from steep declines amid a spell of bargain hunting, while investors hoped that monetary stimulus from central banks would help tide over the potential economic impact of the coronavirus.
G7 finance ministers plan call on Tuesday on coronavirus: sources
G7 finance ministers are expected to hold a conference call on Tuesday to discuss measures to deal with the economic impact of the coronavirus outbreak, people familiar with the arrangements told Reuters.
Global growth plunging into downturn over coronavirus, OECD says
The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis, the Organisation for Economic Cooperation and Development warned on Monday, urging governments and central banks to fight back to avoid an…
Exclusive: Newly obtained documents show Huawei role in shipping prohibited U.S. gear to Iran
China’s Huawei Technologies, which for years has denied violating American trade sanctions on Iran, produced internal company records in 2010 that show it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator.
Apple to pay up to $500 million to settle U.S. lawsuit over slow iPhones
Apple Inc has agreed to pay up to $500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, to induce owners to buy replacement phones or batteries.
Trump presses U.S. Federal Reserve to cut rates
U.S. President Donald Trump on Monday reiterated his call for the U.S. central bank to lower interest rates, tweeting that the Federal Reserve has been “slow to act” and should be more aggressive.
Futures traders bet on big U.S. rate cut by Fed this month
The U.S. central bank will deliver a big dose of stimulus this month in a bid to protect the world’s biggest economy from the impact of the spread of the new coronavirus, traders of futures contracts tied to the Federal Reserve’s policy rate are bettin…
