Wall Street advances at end of blistering week

03/20/2020

(Reuters) – Wall Street’s main stock indexes rose more than 1% on Friday, as dramatic intervention by U.S. policymakers halted the worst monthly selloff in U.S. equities in three decades. The measures unleashed by the White House and the central bank have injected a note […]

Wall Street ends higher to stem coronavirus sell-off

03/20/2020

NEW YORK (Reuters) – U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage. Nasdaq outperformed other major indexes, ending 2.3% higher, […]

Dollar rampage spurs FX interventions, speculation of big G7 move

03/19/2020

LONDON (Reuters) – From Brazil to Norway, policymakers are leaping to defend currencies against the onslaught of the dollar which scaled three-year peaks on Thursday, raising speculation that a joint move by the world’s biggest central banks may be in the offing. Unlikely, most market-watchers […]

British banks grapple with business demands for coronavirus lifelines

03/19/2020

LONDON (Reuters) – Some banks in Britain are struggling to provide financial support to homeowners and businesses battered by the coronavirus pandemic, with demand surging after the government announced a series of aid measures including an emergency lending scheme. Finance minister Rishi Sunak on Tuesday […]

Asian stocks fight for a toehold as ECB stimulus slows panic

03/19/2020

SINGAPORE (Reuters) – Asian stocks struggled to find their footing in volatile trade on Thursday, as the latest promise of stimulus from the European Central Bank propped up sentiment while the world struggles to contain the coronavirus pandemic. U.S. stock futures EScv1 turned positive and […]

Airline industry turmoil deepens as coronavirus pain spreads

03/19/2020

SYDNEY/WASHINGTON (Reuters) – Airline industry turmoil deepened on Thursday as Qantas Airways Ltd (QAN.AX) told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion to aid carriers battered by coronavirus, government sources said. The U.N.’s […]