Lebanon on verge of debt default, barring last-minute deal: sources

Economy9 hours ago (Mar 06, 2020 09:41AM ET) By Tom Perry and Laila Bassam BEIRUT (Reuters) – Lebanon looks set to announce on Saturday it cannot make upcoming dollar bond payments and wants to restructure $31 billion of foreign currency…

Eating solo, avoiding rush hour: China cautiously returns to work

(C) Reuters. FILE PHOTO: People wearing face masks walk inside an office building at the Lujiazui financial district in Pudong By David Kirton, Stella Qiu and Huizhong Wu SHENZHEN, China/BEIJING (Reuters) – China is making uneven progress in its return…

Canada gains surprise 30,300 jobs in February, posts wider-than-expected trade deficit

Economy10 hours ago (Mar 06, 2020 09:29AM ET) (C) Reuters. The downtown skyline and CN Tower are seen past the eastern waterfront area of Toronto By Kelsey Johnson OTTAWA (Reuters) – Canada gained a higher-than-expected 30,300 net jobs in February…

Fed’s Evans says central bank should support workers who lose pay if coronavirus worsens

Economy8 hours ago (Mar 06, 2020 11:36AM ET) (Reuters) – Federal Reserve officials said they will consider various scenarios when they gather at their March policy meeting and that the most effective response will be one that supports workers who…

Fed’s Kaplan: New infections key factor for rate decision

Economy12 hours ago (Mar 05, 2020 06:36PM ET) (C) Reuters. FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks during an interview in his office at the bank’s headquarters in Dallas (Reuters) – Dallas Federal Reserve President Robert Kaplan…

Coronavirus test kits flown to cruise ship idled off San Francisco

Economy13 hours ago (Mar 05, 2020 06:06PM ET) By Steve Gorman (Reuters) – Coronavirus test kits were delivered at sea on Thursday to an ocean liner barred from returning to port in San Francisco after at least 35 people developed…

Fed’s Williams says central bank will respond as appropriate to address coronavirus risks

Economy3 hours ago (Mar 06, 2020 04:20AM ET) (C) Reuters. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC By Ann Saphir and Jonnelle Marte CHICAGO/NEW YORK (Reuters) – U.S. central bankers see “evolving” risks to the world’s…

Trump says U.S. economy could take hit from coronavirus

Economy10 hours ago (Mar 05, 2020 09:04PM ET) (C) Reuters. U.S. President Trump town hall in Scranton, Pennsylvania By Steve Holland SCRANTON, Pa. (Reuters) – President Donald Trump said on Thursday the U.S. economy might take a hit from the…

Fed’s Kashkari says he supported rate cut as ‘insurance’ in face of uncertainty

Economy10 hours ago (Mar 05, 2020 08:36PM ET) (Reuters) – Minneapolis Federal Reserve President Neel Kashkari said on Thursday that he supported the U.S. central bank’s emergency interest rate cut this week, and added the Fed could cut rates further…

Japan finmin Aso: G7 not considering further steps now

Economy10 hours ago (Mar 05, 2020 08:21PM ET) TOKYO (Reuters) – The Group of Seven advanced economies are not considering taking further action now, Japanese Finance Minister Taro Aso said on Friday as volatility remained high in global financial markets…

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