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Coronavirus death toll in Italy's Lombardy jumps some 380 in a day -source

The death toll from an outbreak of coronavirus in the northern Italian region of Lombardy, which has borne the brunt of a nationwide contagion, has risen by around 380 in a day to some 2,550, a source said on Friday.



4 years ago

Sri Lanka imposes curfew as South Asia steps up coronavirus battle

Sri Lanka imposed a nationwide weekend curfew on Friday as South Asian countries escalated efforts to check the spread of coronavirus across the densely populated region of 1.9 billion people.



4 years ago

Bayer mediator says glyphosate settlement talks slowed by coronavirus

Negotiations between Bayer AG and plaintiff lawyers to settle claims its glyphosate-based weedkillers cause cancer have been slowed by the coronavirus outbreak, according to the mediator in the talks.



4 years ago

Wall Street advances at end of blistering week

Wall Street's main stock indexes rose more than 1% on Friday, as dramatic intervention by U.S. policymakers halted the worst monthly selloff in U.S. equities in three decades.



4 years ago

Ford to bring forward UK summer shutdown due to coronavirus

Ford will bring forward part of the summer shutdown for its British engine plants to Easter due to the coronavirus outbreak.



4 years ago

U.S. home sales hit 13-year high; coronavirus disruption looms

U.S. home sales surged to a 13-year high in February, but the housing market recovery is likely to be derailed by the coronavirus pandemic, which has unleashed a wave of layoffs and left the economy teetering on the brink of a recession.



4 years ago

Airlines face reckoning as government help comes with strings attached

Shattered airlines were left counting the cost of government support as countries from the United States to New Zealand set out conditions for bailouts needed to absorb the shock of the coronavirus pandemic.



4 years ago

Bank of America adds 1,700 support staff in March

Bank of America Corp said on Friday it has hired 1,700 people in the consumer bank so far this month as banks faced a surge in customer service demand amid coronavirus concerns.



4 years ago

Fed increases frequency of swap line operations with other major central banks

The U.S. Federal Reserve said on Friday that it would enhance the U.S. dollar liquidity swap line arrangements it has with several major central banks.



4 years ago

'Demand destruction' - analysts race to lower outlooks for oil

Traders and analysts are struggling to revise down their forecasts for oil demand fast enough, as government lockdowns to contain the coronavirus outbreak have rapidly cut fuel consumption.



4 years ago

U.S. moves tax day to July 15 -Treasury's Mnuchin

The U.S. government is moving its tax filing day from April 15 to July 15, Treasury Secretary Steven Mnuchin said on Friday amid the coronavirus crisis afflicting the country.



4 years ago

Divided G20 faces pressure to lead global response to coronavirus

The Group of 20 major economies faces mounting pressure to bridge internal divisions and unite against the coronavirus, just as it coalesced to address the 2008-09 global financial crisis.



4 years ago

BOJ says enhanced dollar swap lines will ease strains in funding markets

A decision by the world's major central banks to enhance their dollar swap lines will serve as an important backstop to ease strains in global funding markets, the Bank of Japan said on Friday.



4 years ago

JPMorgan Chase to pay 'front-line' workers $1,000 bonus: memo

JPMorgan Chase & Co said Friday it would give "front line employees," workers who are staffing branches and call centers through the coronavirus pandemic, a sweetener for their efforts: a one-time $1,000 bonus.



4 years ago

Oil falls back as Russia rejects Trump's intervention in price war

Oil prices fell on Friday after rising 10% in the session as the coronavirus epidemic knocked the outlook for demand and Moscow rejected an intervention by U.S. President Donald Trump in Russia's price war with Saudi Arabia.



4 years ago