The dollar and global equities rose on Wednesday as a strong showing by Joe Biden in the U.S. Democratic presidential primaries cheered the markets, though the economy-slowing coronavirus outbreak kept investors on tenterhooks.
Pot producer Canopy Growth Corp said on Wednesday it plans to close two of its greenhouses in Aldergrove and Delta, British Columbia, cutting about 500 positions.
As South Korea's coronavirus cases leapt above 5,000 this week, mask-wearing workers at a logistics center run by e-commerce firm Coupang Corp raced to disinfect trucks and load thousands of boxes of microwavable rice, disposable diapers and kitchen towels.
The global spread of the novel coronavirus has crushed hopes for stronger growth this year and will hold 2020 global output gains to their slowest pace since the 2008-2009 financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday.
Wall Street roared back to life on Wednesday, with both the Dow and the S&P 500 surging more than 4%, after former Vice President Joe Biden's strong showing in the Super Tuesday Democratic primary contests injected a dose of confidence.
Asian shares were looking to rally for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.
United Airlines Holdings Inc and JetBlue Airways Corp are cutting flights and implementing cost controls in the most drastic actions by U.S. airlines to get ahead of depressed travel demand due to the spreading coronavirus.
The Trump administration would face resistance from the U.S. Congress if it tried to push through a mini trade deal with the European Union that did not include agriculture, U.S. Senate Finance Committee Chairman Chuck Grassley said on Wednesday.
Wells Fargo & Co said on Wednesday it plans to increase minimum wage to between $15 and $20 per hour for most of its U.S. markets, joining other Wall Street banks that have raised hourly pay in recent years.
Members of the U.S. Congress on Wednesday took another step to try to prod Britain to reverse its decision to allow China's Huawei Technologies Co to build portions of the UK's next generation 5G networks.
ValueAct Capital founder Jeff Ubben bought shares of BP, saying the company is working to transform its operations.
Will the world's big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They are certainly going to try.
The global spread of the novel coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding a third of the Fund's 189 member countries were now affected.
Wolfgang Porsche and Hans-Michel Piech, members of the family which controls German carmaker Volkswagen , fully support the shift towards electric cars being driven by Chief Executive Herbert Diess, they told the Bild newspaper.
The Bank of England should wait until it has more clarity about the economic hit from the coronavirus outbreak before making any decision to cut interest rates, its next governor Andrew Bailey said on Wednesday.