Coronavirus shifts U.S. recession debate from ‘if’ to ‘what shape’?

Economy11 hours ago (Mar 11, 2020 02:56PM ET) By Jonnelle Marte (Reuters) – V? U? L? Until recently, economists were debating what it would take for the U.S. economy to fall into a recession. But after taking a cue from…

Explainer: Coronavirus fears hit the market hard. How much did ordinary Americans lose?

(C) Reuters. A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York City, New York By David Randall NEW YORK (Reuters) – The deep declines in the U.S. stock market…

Israel expands coronavirus aid package to $2.8 billion

Economy12 hours ago (Mar 11, 2020 02:21PM ET) Israel expands coronavirus aid package to $2.8 billion By Steven Scheer JERUSALEM (Reuters) – Israeli Prime Minister Benjamin Netanyahu said on Wednesday the government will expand an aid package to help the…

WHO Declares Pandemic; Deaths in Italy Surge 31%: Virus Update

2/2 2/2 (Bloomberg) — The World Health Organization declared the coronavirus outbreak a pandemic, saying cases outside China have risen 13-fold. The U.S.’s top infectious-disease specialist told lawmakers the pathogen is 10 times more deadly than the seasonal flu. Britain…

Fear of Virus-Tainted Dollars Opens New Front in War on Cash

(C) Reuters. Fear of Virus-Tainted Dollars Opens New Front in War on Cash (Bloomberg) — The signs began appearing around Seattle in the windows of Dick’s Drive-In, the city’s iconic burger chain: “In an abundance of caution, we ask you…

Japan, South Korea agree to continue dialogue on export controls

Economy16 hours ago (Mar 10, 2020 08:46PM ET) (C) Reuters. Japan, South Korea agree to continue dialogue on export controls TOKYO/SEOUL (Reuters) – Japan and South Korea have agreed to continue dialogue on export controls, the two countries said on…

White House, major banking heads to talk economic response to coronavirus

Economy9 hours ago (Mar 11, 2020 03:46AM ET) (C) Reuters. White House, major banking heads to talk economic response to coronavirus By Elizabeth Dilts Marshall NEW YORK (Reuters) – President Donald Trump will meet with the heads of some of…

Bank of England Cuts Key Rate by 0.5% to Cushion Virus Blow

Forex10 hours ago (Mar 11, 2020 03:15AM ET) (C) Reuters. By Geoffrey Smith Investing.com — The Bank of England cut its key rate by 50 basis points to 0.25%, aiming to support an economy that is set to be hurt…

U.S. Treasury will likely extend deadline for filing tax due to coronavirus: WSJ

Economy12 hours ago (Mar 11, 2020 12:51AM ET) (Reuters) – The Trump administration will likely push back the April 15 deadline to file taxes as part of efforts to curb the coronavirus’ effects on U.S. households and businesses, the Wall…

Singapore Warns of Complacency While New Virus Infections Surge

Economy13 hours ago (Mar 11, 2020 12:39AM ET) (Bloomberg) — A top Singaporean official warned against complacency in the face of a resurgence in Covid-19 cases, saying the affluent island nation needs to impose longer-term changes to deal with a…

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