Airline industry crisis deepens as coronavirus pain spreads
ERLIN/SYDNEY: The crisis for airlines deepened on Thursday as Lufthansa warned the industry might not survive without state aid if the coronavirus...
World leaders rush in to shore up panic-hit global financial system
HONG KONG: World finance leaders tried to lift confidence with emergency measures to pour cash into panic-stricken markets on Thursday, as investors...
Cash is king as emergency stimulus fails to stop stock market panic
The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, the United States and...
Oil prices rebound after ECB launches virus measures
Oil prices rebounded strongly Thursday a day after US crude hit its lowest level for 18 years, as the European Central Bank...
New York Stock Exchange to shut trading floor, keep electronic trade
NEW YORK: The New York Stock Exchange will halt activity on its trading floor due to the coronavirus (Covid-19) but remain open...
US crude hits 18-year low as lockdowns spread
LONDON: Oil prices fell for a third session on Wednesday, with US crude futures tumbling to an 18-year low and Brent hitting...
Japan’s Fujifilm shares surge 15pc after its anti-Covid 19 drug trial
TOKYO: Shares in Japan’s Fujifilm Holdings Corp (4901.T) surged 15 percent on Wednesday morning after a Chinese official said the company’s Avigan...
Oil price hits four-year low, touches $26.20
Oil prices steadied on Wednesday after slipping to new four-year lows, sapped by fears for fuel demand and the global economy amid...
UK announces $400b package of govt-backed loans for business
LONDON: Britain has announced what finance minister Rishi Sunak called an “unprecedented package" of government-backed loans worth £330 billion ($400 billion, 363...
Global powers throw cash at spiraling coronavirus crisis
WASHINGTON/LONDON: The world’s richest nations prepared more costly measures on Tuesday to combat the coronavirus that has infected tens of thousands of...
Philippine Stock Exchange closed for indefinite period as coronavirus spreads
SINGAPORE: The Philippines halted stock, bond and currency trading until further notice, becoming the first country to shut financial markets in response...
Wall Street dives, S&P 500 sheds $2tr in value
S&P 500 companies lost more than $2 trillion in value in the first few minutes of trading on Monday as investors panicked...
Crude oil falls below $30 as coronavirus spreads
LONDON: Brent and US crude fell below $30 on Monday as emergency rate cuts by the US Federal Reserve and its global...
IMF chief says 20 countries seek aid, calls for coordinated spending
WASHINGTON: International Monetary Fund Managing Director Kristalina Georgieva on Monday said 20 additional countries have asked about receiving aid from the global...
Raging COVID-19 makes zero rates a possibility as Fed meets
WASHINGTON: The US Federal Reserve will have one job next week: convince the world they are doing everything they can to blunt...