World-Business
Malaysian central bank cuts key rate to counter slowdown
Malaysia's central bank reduced its key overnight policy rate by 0.25 percentage points to 2.5% on Tuesday, citing worsening economic conditions from the virus outbreak in a growing number of countries.
Dow surges 5% on hopes for central bank help on the economy
The Dow Jones Industrial Average soared nearly 1,300 points, or 5%, Monday as stocks roared back from a seven-day rout on hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak.
New virus hits Mideast airlines with $100M loss, group says
Major travel disruptions due to the new coronavirus have already caused the equivalent of a roughly $100 million loss to airlines in the Middle East, which serves as a connection hub for east-west travel, the industry's main trade association said Monday.
Asia shares bounce back as BOJ promises support for economy
Share prices in Asia bounced back Monday from last week's retreat, with mainland Chinese indexes gaining more than 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak.
Oil prices fall as coronavirus spreads outside China
With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further.
U.S. equities close mixed after volatile trading
U.S. stocks closed mixed on Friday after a volatile trading session, as investors continued to flee riskier assets.
Outbreak starts to look more like worldwide economic crisis
The coronavirus outbreak began to look more like a worldwide economic crisis Friday as anxiety about the infection emptied shops and amusement parks, canceled events, cut trade and travel and dragged already slumping financial markets even lower.
Geneva auto show canceled as Switzerland bans large events
The Geneva auto show was canceled after the Swiss government put an immediate ban Friday on all public and private events involving more than 1,000 people in order to halt the spread of the new coronavirus.
"Contactless" economy booms amid epidemic
With only around 15 books sold per day and half of them purchased by employees, OWSpace recently released a letter on social media platform WeChat seeking crowdfunding to support its operation.
Asia stocks tumble on virus fears after Wall Street plunge
Asian stock markets plunged further Friday on spreading virus fears, deepening a global rout after Wall Street endured its biggest one-day drop in nine years.