World leaders rush in to shore up panic-hit global financial system
World leaders raced to shore up panic-stricken global markets on Thursday, pouring liquidity into the financial system as investors everywhere dumped assets, switching to dollars...
Credit markets flash red as coronavirus hits corporate America
From airlines and cruise lines to retailers and energy companies, investors are fleeing large pockets of the corporate credit market, worried that the coronavirus pandemic...
Amazon to shut down Queens, New York hub after worker tests positive for coronavirus
Amazon.com Inc said on Thursday that one of its associates had tested positive for coronavirus at its Queens, New York delivery station and it will...
SoftBank shares close down 17% in biggest one-day fall
Shares of SoftBank Group Corp closed down 17% on Thursday in their biggest one-day fall, hammered by investor scepticism over the outlook for tech bets,...
Airline industry may not survive without state aid: Lufthansa
Lufthansa said that the airline industry may not survive without state aid if the coronavirus pandemic lasts for a long time, as it throws everything...
Tesla’s Musk offers to make ventilators amid shortage in coronavirus battle
Hundreds of Twitter users welcomed on Thursday an offer by Tesla’s chief executive, Elon Musk, to make ventilators for coronavirus sufferers, after the United States...
Oil pares gains as investors wait to see if coronavirus stimulus works
Oil prices rose on Thursday but pared early gains as investors tried to assess how effective massive stimulus by central banks will be in shoring...
Cash is king as emergency stimulus fails to stop market panic
The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, the United States and Australia failed to...
Dollar surges, stocks fall as ECB fails to stop panic
The dollar surged, bonds plunged and global markets struggled to find their footing on Thursday as the European Central Bank’s latest promise of stimulus provided...
NYSE to shift fully to e-trading from Monday after two coronavirus cases
The New York Stock Exchange (NYSE) will temporarily close its trading floors and move fully to electronic trading from Monday, its owner Intercontinental Exchange Inc...