SAN FRANCISCO, March 11 (Reuters) – The Federal Reserve Bank of San Francisco is having its staff work from home as part of efforts to slow the spread of the coronavirus. “We have teleworking capabilities
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U.S. closed-end high-yield bond funds fall
NEW YORK, March 11 (Reuters) – Closed-end high-yield bond funds fell on Wednesday – some by nearly twice as much as the broader high-yield market – as investors wary of risk pulled out of the
Read moreU.S. considering tax relief to respond to coronavirus outbreak – Mnuchin
WASHINGTON, March 11 (Reuters) – The Trump administration is considering a range of steps to offset the economic impact of the fast-spreading coronavirus, including tax relief measures that could put hundreds of billions of dollars
Read moreHungary curbs inbound travel, bans public gatherings over coronavirus
BUDAPEST, March 11 (Reuters) – Hungary on Wednesday banned inbound travel from Italy, South Korea, Iran and China for non-Hungarians in response to the coronavirus outbreak. The ban on travel from the four most heavily-affected
Read moreNo plans to shut UK parliament despite positive coronavirus test
LONDON, March 11 (Reuters) – Britain’s parliament has no plans to shut over coronavirus, a spokeswoman said on Wednesday, after a minister tested positive for the virus and another lawmaker was advised to stay at
Read moreUPDATE 1-Rating agencies warn oil slump could trigger blizzard of downgrades
(Combines stories, adds detail, quotes) By Marc Jones LONDON, March 10 (Reuters) – The world’s top rating agencies said on Tuesday that the sharp drop in oil prices, if sustained, could cause a wave of
Read moreUPDATE 2-Canadian banks face higher loan losses, lower earnings after energy lending growth
(Adds analyst comment, updates shares, oil price) By Nichola Saminather TORONTO, March 10 (Reuters) – Canadian banks boosted oil and gas lending at about double the rate of total business loan growth over the past
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