Governments offer airlines aid as coronavirus drives deeper flight cuts


SYDNEY (REUTERS) – Australia on Wednesday (March 18) joined a growing list of countries offering financial aid to its ailing aviation sector as global airlines announced deeper capacity cuts due to plummeting demand and stricter border controls associated with the coronavirus. With airlines halting plane […]

Singapore overtakes Hong Kong as world's freest economy


HONG KONG (BLOOMBERG) – Hong Kong lost its title as the world’s freest economy to Singapore for the first time since 1995 in a global survey, as social unrest and uncertainties rattled its reputation as a global financial hub. Hong Kong’s overall economic freedom score […]

RPT-BOJ eases policy further, ramps up buying of risky assets


(Attaches to additional alerts) TOKYO, March 16 (Reuters) – The Bank of Japan on Monday eased monetary policy further by ramping up purchases of exchange-traded funds (ETFs) and other risky assets to combat the widening economic fallout from the coronavirus epidemic. The BOJ left unchanged […]

RPT-How the longest bull run in history ended in pandemic panic


(Repeats to new story number) By Tom Westbrook and Scott Murdoch SINGAPORE/HONG KONG, March 14 (Reuters) – As a collapse in the oil price unleashed chaos in financial markets, Madrid money manager Diego Parrilla phoned a colleague who agreed: they had better head to work […]

Australia steps up lockdown to combat coronavirus spread


MELBOURNE, March 14 (Reuters) – Australia’s prime minister cancelled plans to go to a rugby game on Saturday after a senior minister was diagnosed with COVID-19, while the nation’s treasurer called a second crisis meeting over the rapidly growing economic threat from the coronavirus. Treasurer […]