As trading ended on Thursday in Wall Street's worst day for three decades, shell-shocked investors had no idea how much further the market was likely to fall as the coronavirus pandemic spread fear of a global recession.
Transport Canada said on Thursday it is revising a deal that would have reduced technical work done by the Canadian regulator when validating Federal Aviation Administration (FAA) certified aircraft like the Boeing 737 MAX.
Airlines on Thursday appealed for urgent government financial support as U.S. carriers rushed to cut flights to Europe in the wake of new U.S. travel restrictions aimed at combating the coronavirus outbreak, while United Airlines warned of U.S. travel disruption as the virus spreads domestically.
The dollar stood tall on Friday as investors scrambled for the world's most liquid currency amid deepening panic about the coronavirus while the euro nursed losses after the European Central Bank disappointed investors by not cutting rates.
The U.S. Trade Representative's office said it granted on Thursday exclusions from import tariffs for some medical products imported from China, including face masks, stethoscope covers and blood pressure cuff sleeves.
Apple Inc is reopening all 42 of its branded stores in China on Friday, a company spokesman said, more than a month after they were shut in the wake of the coronavirus outbreak.
Asia's stock markets crashed on Friday as panic gripping world financial markets deepened, and even haven assets such as gold and bonds were ditched to cover losses in the wipeout.
Oil prices fell on Friday for a third day, with Brent crude set for its biggest weekly drop since 1991 and U.S. crude heading for the worst week since 2008 as panic about plunging demand from the coronavirus outbreak grips the market.
Gap Inc leaned on its turnaround plan to forecast 2020 profit above market expectations on Thursday, but flagged a $100 million sales hit in Asia and Europe from the coronavirus, which has also started impacting its home market.
Days after photos of broken windows and smashed china hit the newsstands revealing a Christmas Day family squabble in the home of Korean Air's late patriarch, an activist fund received an unsolicited offer to help unseat the current chairman.
Pharmacy chain Walgreens Boots Alliance Inc and supermarket chain Kroger Co on Thursday placed purchase limits on certain products to stabilize inventory, as customers stock up on essentials amid a global coronavirus outbreak.
Crushing asset sell-offs ranging from bitcoin to precious metals and European stocks accompanied Wall Street's slide into bear market territory on Thursday, as investors liquidated positions across their portfolios to raise cash.
Asia's stocks were poised to plunge further on Friday as panic gripped world financial markets and even safe-haven assets such as gold were ditched to cover losses in the wipeout.
Apple Inc has reopened all 42 of its branded stores in China, more than a month after they were shut due to fears over the coronavirus outbreak, the iPhone maker's Chinese website showed on Friday.
Banks are talking up their online and mobile banking capabilities to customers as more Americans look to avoid public places amid the coronavirus outbreak.