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Romanian President Klaus Iohannis asked quarantined interim Prime Minister Ludovic Orban to form a new government on Friday that parliament could approve as early as Saturday, ending a political stalemate and focusing on the coronavirus crisis.

Recent blowouts in dollar swap prices are a sign economic lockdowns across the world are starting to pressure business cashflows, forcing companies to look elsewhere for greenbacks to pay suppliers and creditors.

The head of British Airways said coronavirus was causing an unprecedented crisis, warning that aircraft would be parked like never before and staff laid off, in a hard-hitting staff message to address "the worsening situation".

Warren Buffett on Friday said the coronavirus pandemic forced him to cancel Berkshire Hathaway Inc's annual shareholder weekend, the largest gathering in corporate America, because the safety of participants and the wider community was paramount.

The dollar advanced on Friday, posting sharp gains against the safe-haven yen as stock markets recovered globally and investors cheered efforts made by governments and policymakers to address the economic fallout from the coronavirus outbreak.

Bulgaria closed schools and restricted travel to 14 countries on Friday to contain the spread of coronavirus after the number of confirmed cases in the Balkan country more than tripled to 23 over one day.

U.S. import prices fell by the most in six months in February as the cost of petroleum products dropped, and economists said they could decline further because of the coronavirus pandemic and an oil price war between Saudi Arabia and Russia.

Charles Schwab reported the strongest start to a year with $45.3 billion in fresh assets under management during the first two months of 2020, driven by heightened volatility faced by equity markets amid the coronavirus outbreak.

Apple Inc is reopening all 42 of its branded stores in China on Friday, a company spokesman said, more than a month after they were shut in the wake of the coronavirus outbreak.

Oil prices were set for their biggest weekly slide since the 2008 financial crisis despite a 4% bounce on Friday, as the coronavirus outbreak threatened demand and crude producers promised more supply.

U.S. stock indexes rebounded on Friday as investors bet on another round of fiscal easing to thwart a looming global recession in the face of the coronavirus pandemic.

Xerox Holdings Corp, which is in a proxy fight for control of HP Inc, said on Friday it would postpone meetings with shareholders of the personal computer maker amid the coronavirus outbreak.

Fidelity Investments became the latest large financial firm to urge employees to work from home in order to slow the transmission of the coronavirus, according to a company memo.

U.S. consumer sentiment fell in early March as households responded to the coronavirus pandemic and steep declines in stock market prices, a survey showed on Friday.

Ukraine's government at a televised meeting on Friday decided to ban citizens registered in separatist-held territory in the eastern Donbass region from entering government-controlled areas.

U.S. Treasury Secretary Steven Mnuchin on Friday said he expected the U.S. economic hit from the coronavirus outbreak to be short-term, and that the Trump administration was keeping its options open for any other future steps that may be needed.

Canada may soon advise against non-essential foreign travel, and it will be taking a number of new measures at airports in a bid to slow the spread of coronavirus, Prime Minister Justin Trudeau said on Friday.

U.S. stock markets opened sharply higher on Friday after their worst daily selloff in more than three decades as investors hoped more fiscal easing would head off a global recession.

Morocco on Friday suspended all flights and passenger ship traffic to and from France, the state news agency said.

Days after photographs of broken windows and smashed china hit the newsstands revealing a Christmas Day family squabble in the home of Korean Air's late patriarch, an activist fund received an unsolicited offer to help unseat the current chairman.