British banks grapple with business demands for coronavirus lifelines
Some banks in Britain are struggling to provide financial support to homeowners and businesses battered by the coronavirus pandemic, with demand surging after the government...
Prime money-market funds could slow redemptions as they bleed assets
U.S. prime money-market funds have lost more than 10% of their assets and the prospect of funds slowing customer redemptions is rising amid unprecedented market...
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...
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...
Iran’s death toll from coronavirus rises to 1,284: official
The new coronavirus is killing one person every 10 minutes in Iran, the health ministry spokesman tweeted on Thursday, as the death toll in the...
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,...
U.S. weekly jobless claims hit two-and-a-half-year high; mid-Atlantic factory activity plunges
The number of Americans filing for unemployment benefits surged by the most since 2012 to a 2-1/2-year high last week, as companies in the services...
Bank of England cuts rates to 0.1%, ramps up bond-buying
The Bank of England cut interest rates to 0.1%, its second emergency rate cut in just over a week, and ramped up its bond-buying program...
Chad confirms first case of coronavirus: government statement
Chad confirmed its first case of coronavirus on Thursday, a Moroccan national who had traveled to the country from Cameroon, the government said in a...
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...