(Adds details on House relief bill, Navarro comments) By David Lawder and Andrea Shalal WASHINGTON, March 11 (Reuters) – The Trump administration wants to ease the economic drag from the fast-spreading coronavirus with aid to
Read more
CORRECTED-Italy PM Conte toughens coronavirus lockdown with new measures
(Makes clear in paragraph 3 that all restaurants, bars must close) ROME, March 11 (Reuters) – Prime Minister Giuseppe Conte added new restrictions on Wednesday to the lockdown imposed to fight the coronavirus after figures
Read moreSan Francisco Fed asks all staff to work from home if they can
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
Read moreU.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
Read more