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Swiss cases of coronavirus rise to 3,880, with 33 deaths: government

Reuters Business News - Thu, 03/19/2020 - 07:54
The number of coronavirus cases in Switzerland and Liechtenstein has risen to 3,888, Swiss health authorities said on Thursday, with 33 people reported to have died from the disease.
Categories: Reuters

Dollar rules; ECB stimulus boosts bonds but not stocks

Reuters Business News - Thu, 03/19/2020 - 07:52
The dollar surged on Thursday as extraordinary steps by central banks across the world to stem a coronavirus-induced financial rout saw mixed success, boosting bonds but failing to halt losses in stocks.
Categories: Reuters

Exclusive: ECB's Lagarde overruled German and Dutch resistance to 'no-limits' pledge - sources

Reuters Business News - Thu, 03/19/2020 - 07:48
ECB President Christine Lagarde overruled objections from Germany and the Netherlands to adopt a historic "no-limits" commitment to shore up the region's economy in the face of the coronavirus meltdown, three sources told Reuters.
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Croatia reports first death of person infected with coronavirus

Reuters Business News - Thu, 03/19/2020 - 07:46
Croatia registered its first death of a person infected with the coronavirus, the state public health institute said on the official government web page for the crisis.
Categories: Reuters

German army on standby to help with coronavirus crisis

Reuters Business News - Thu, 03/19/2020 - 07:37
The German military is making preparations to help with efforts to tackle the coronavirus crisis should other civil servant organisations become overwhelmed with the outbreak, Defence Minister Annegret Kramp-Karrenbauer said on Thursday.
Categories: Reuters

American Airlines secures $1 billion credit line to deal with coronavirus crisis

Reuters Business News - Thu, 03/19/2020 - 07:28
American Airlines Group Inc has secured a new year-long $1 billion credit line, taking its available liquidity to $8.4 billion, a regulatory filing showed on Thursday.
Categories: Reuters

Three people have coronavirus at U.S. mission in Geneva: official

Reuters Business News - Thu, 03/19/2020 - 07:26
Three people employed by the U.S. diplomatic mission in Geneva have contracted coronavirus, but are in "good condition", a spokesperson told Reuters on Thursday, declining to give specifics.
Categories: Reuters

Air France working with government to help repatriate French, European travelers

Reuters Business News - Thu, 03/19/2020 - 07:21
Air France said on Thursday that it was working closely with the French government to help repatriate French and European nationals abroad who might be stranded as a result of transport link closures prompted by the coronavirus.
Categories: Reuters

Credit markets flash red as coronavirus hits corporate America

Reuters Business News - Thu, 03/19/2020 - 07:03
From airlines and cruise lines to retailers and energy companies, investors are fleeing large pockets of the corporate credit market, worried that the coronavirus pandemic will lead to bankruptcies, defaults and credit rating downgrades.
Categories: Reuters

UK says has no plans for travel restrictions or to use military to keep order

Reuters Business News - Thu, 03/19/2020 - 06:52
The British government has no plans to bring in blanket travel restrictions for London or to close down the capital's transport system, Prime Minister Boris Johnson's spokesman said on Thursday.
Categories: Reuters

U.S. life insurers impose waiting periods to skirt coronavirus risk

Reuters Business News - Thu, 03/19/2020 - 06:51
U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have traveled to regions with widespread outbreaks, industry experts said.
Categories: Reuters

Banks aim to keep trading floors open in event of any London lockdown

Reuters Business News - Thu, 03/19/2020 - 06:50
London-based banks plan to keep trading floors open even in the event of a formal lockdown of the British capital, betting that their frontline staff will be treated by authorities as "key workers".
Categories: Reuters

Exclusive: China to ramp up spending to revive economy, could cut growth target - sources

Reuters Business News - Thu, 03/19/2020 - 06:43
China is set to unleash trillions of yuan of fiscal stimulus to revive an economy expected to shrink for the first time in four decades amid the coronavirus pandemic, while a planned growth target is likely to be cut, according to four policy sources.
Categories: Reuters

Boutique shops in central London on the brink as coronavirus kills trade

Reuters Business News - Thu, 03/19/2020 - 06:41
Horlis Ramirez packed shoes with silk bags into boxes in his empty store in London's West End shopping district, voicing fears that coronavirus could deal a fatal blow to his business.
Categories: Reuters

GE Healthcare ramps up ventilator production amid coronavirus spread

Reuters Business News - Thu, 03/19/2020 - 06:41
General Electric's healthcare unit said on Thursday it was hiring more people and shifting current employees to ramp up production of ventilators as the global coronavirus pandemic leads to surge in demand for medical equipment.
Categories: Reuters

Turkey says it sent 500,000 coronavirus test kits to United States

Reuters Business News - Thu, 03/19/2020 - 06:40
Turkey has sent 500,000 coronavirus test kits to the United States upon their request, Health Minister Fahrettin Koca said on Thursday.
Categories: Reuters

IATA says Middle East airlines need state aid due to liquidity crisis

Reuters Business News - Thu, 03/19/2020 - 06:35
Governments must urgently consider providing aid to airlines in the Middle East to help them cope with a liquidity crisis due the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday.
Categories: Reuters

Factbox: Airlines ground flights, count mounting costs of the coronavirus shock

Reuters Business News - Thu, 03/19/2020 - 06:35
Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts.
Categories: Reuters

Iran's death toll from coronavirus rises to 1,284

Reuters Business News - Thu, 03/19/2020 - 06:32
Iran's death toll from coronavirus jumped to 1,284 on Thursday, the health ministry said, with the total number of infections rising to 18,407 in the Islamic Republic, the worst-affected country in the Middle East.
Categories: Reuters

Coronavirus border curbs disrupt EU food supplies, says industry

Reuters Business News - Thu, 03/19/2020 - 06:32
Restrictions imposed by some European Union countries at their borders with other members of the bloc in response to the coronavirus outbreak are disrupting food supplies, representatives of the industry and farmers said on Thursday.
Categories: Reuters
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