Business View

TOKYO -- Japanese Prime Minister Shinzo Abe said on Wednesday that the government would take "necessary and sufficient" economic policies to ensure the country does not return to deflation. Read More from Financial Post https://ift.tt/3byA4oq

TOKYO -- Japan's factory activity contracted at the fastest pace in about a decade in March, as the world's third-largest economy struggled with a severe downturn in overseas and domestic demand due to the coronavirus crisis. Read More from Financial Post https://ift.tt/39zU88i

TOKYO -- Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States. Read More from Financial Post https://ift.tt/3ax0Ayg

WASHINGTON -- U.S. Energy Secretary Dan Brouillette spoke with Russian Energy Minister Alexander Novak about the slump in global oil markets on Tuesday, the U.S. Energy Department said in a release. Read More from Financial Post https://ift.tt/33XHvTy

TOKYO -- Japan's factory activity contracted at the fastest pace in about a decade in March, as the world's third-largest economy struggled with a severe downturn in overseas and domestic demand due to the coronavirus crisis. Read More from Financial Post https://ift.tt/2WYZkzW

BUENOS AIRES -- Argentina will continue talks this week and next with creditors over restructuring its $83 billion in foreign debt, Economy Minister Martin Guzman said at a press conference on Tuesday, after Argentina missed the March 31 deadline it had set previously. Read More from Financial Post https://ift.tt/3bEyTUh

SEOUL -- South Korea's factory activity fell at its fastest pace in 11 years in March, a private sector survey showed on Wednesday, as the coronavirus pandemic paralyzed global demand and supply chains. Read More from Financial Post https://ift.tt/2xGYYUk

The virus threat is far from over, and there is little to suggest manufacturing won’t send it into another spiral from The Financial Express https://ift.tt/2Jwh11T

The company has also tied up with Andhra Pradesh MedTech Zone, an enterprise under the Andhra Pradesh government to create capacity for 5,000 more units. from The Financial Express https://ift.tt/3bFgM0z

This is not difficult as the government has a list of all registered and unregistered factories, and based on industry classification it can segregate those units that are exempt from those that are not. from The Financial Express https://ift.tt/3dK43eT

Predictive logistics platform FarEye has developed software to help e-tailers scale deliveries safely in the current lockdown situation from The Financial Express https://ift.tt/2wQbws8

While South Korea has achieved exemplary success, it may have come at the cost of infringement of privacy—phone trails and CCTV cameras to track almost every citizen from The Financial Express https://ift.tt/2WXBXab

Canadian cannabis company CannTrust Holdings Inc. (NYSE: CTST) (TSE:TRST) has acceded to creditor protection under CCAA.Trading of CannTrust has been stopped on the Toronto Stock Exchange and in New York. The company is expected to be delisted from both exchanges as a result of filing the for creditor protection.CannTrust stated that this decision was taken in order to preserve the companies best interest."While today's news was a foregone conclusion, in my view, it is a stark reminder of how this industry and its actors are beholden to higher standards than most consumer product categories," Matt Markiewicz, Managing Director of Innovation Shares, which is behind the Cannabis ETF (NYSE: THCX), told Benzinga. "There should be no gray area when compliance is involved and CannTrust, along with its investors, have now paid a heavy price for violating Health Canada's rules."See Also: How Legalizing Cannabis Could Ease Government Shortfalls Once Coronavirus Pande

WASHINGTON -- The United States' new $350 billion small-business coronavirus rescue loan program could see millions of applications when it launches on Friday, senior Trump administration officials said on Tuesday. Read More from Financial Post https://ift.tt/3bH0dRS

NEW YORK -- Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002. Read More from Financial Post https://ift.tt/2w7IYu2

MEXICO CITY -- Mexican national oil company Petroleos Mexicanos will maintain crude production levels, the company said on Tuesday, as the coronavirus pandemic has eroded fuel demand around the world and oil prices dropped to historic lows. Read More from Financial Post https://ift.tt/39xFTRB

NEW YORK/WASHINGTON -- The U.S. Department of Energy plans to announce as soon as Wednesday it will allow oil companies to lease space in the emergency oil reserve, as it seeks to comply with President Donald Trump's directive to fill the facility to capacity, two industry sources said. Read More from Financial Post https://ift.tt/2JqvAnI

(Bloomberg) -- The Energy Department is considering renting space in the nation's emergency oil reserve to domestic producers awash in crude, according to three people familiar with the matter who asked for anonymity before a formal announcement. Read More from Financial Post https://ift.tt/2JwpRgm

U.S. auto parts company BorgWarner Inc threatened to walk away from a $951 million deal to buy Delphi Technologies on Tuesday, after the automotive equipment supplier drew down on a credit line without its acquirer's approval. Read More from Financial Post https://ift.tt/2UOtqUc

Standard General, the hedge fund battling for board seats at Tegna Inc, called on the U.S. regional TV station operator on Tuesday to open its books to two bidders still interested in acquiring the company amid the coronavirus crisis. Read More from Financial Post https://ift.tt/2UyvgKc

TOKYO -- Japanese manufacturers turned pessimistic for the first time in seven years in the three months to March, the central bank's "tankan" survey showed, as the coronavirus pandemic dealt a heavy blow to business activity. Read More from Financial Post https://ift.tt/2QVcydp

Bond investor and DoubleLine Capital Chief Executive Jeffrey Gundlach said on Tuesday he believes the coronavirus sell-off is not over yet and that the lows stocks hit in March will be surpassed in April due to uncertainty over the outbreak. Read More from Financial Post https://ift.tt/2WXFYvh

SEOUL -- Following are South Korea's Read More from Financial Post https://ift.tt/3azb68m

TOKYO -- Financial leaders from the Group of 20 major economies will discuss ways on Tuesday to proceed with concrete steps to respond to the coronavirus, Japanese Finance Minister Taro Aso said. Read More from Financial Post https://ift.tt/2xDZSAB

Subscribe to Outbreak , a free daily newsletter roundup of stories on the coronavirus pandemic—and its impact on global business. Monday brought more bad news for American workers, as companies continue to lay off workers to cope with the economic damage of the coronavirus outbreak and the related lockdown. This time, Macy’s made the biggest headlines with the news that it will be furloughing the majority of its 130,000 employees . The department store giant—which also owns and operates Bloomingdale’s and Bluemercury—said that despite continuing to sell items online, it has “lost the majority of our sales” since closing all of its stores on March 18. But Macy’s is far from alone. Gap Inc. also announced that it would be furloughing most of its retail workers in the U.S. and Canada on Monday—“pausing pay but continuing to offer applicable benefits until stores are able to reopen,” the company said in a press release. And dozens of companies as diverse as Marriott, General Electric

The sluggish receipts also imply a fall in direct tax buoyancy to a multi-year low of (-)1 in FY20, a sharp slide from a creditable 1.6 in FY18 (thanks to demonetisation) and 1.2 in FY19. from The Financial Express https://ift.tt/2UNLs99

SEOUL -- Oil recovered some ground on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin agreed to discuss stablising energy markets, but prices remain near 18-year lows as the coronavirus shutdown destroys demand. Read More from Financial Post https://ift.tt/39rJUH7

BEIJING -- China should not set an economic growth target this year given the high level of uncertainty from the coronavirus pandemic and avoid having to resort to "flood-like stimulus" to meet the goal, a central bank adviser said. Read More from Financial Post https://ift.tt/2xDYSfP

TOKYO -- The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating. Read More from Financial Post https://ift.tt/2xDYRbL

OTTAWA -- Edgewater Wireless Systems Inc. (YFI; TSX.V) (OTCQB: KPIFF) has announced that due to circumstances created by the COVID – 19 pandemic it will not be filing its Financial Statements for the Three and Nine Months ended January 31, 2020 by the scheduled due date of March 31, 2020 (as required by section 4.4(b) of National Instrument 51-102), nor will the Management Discussion and Analysis covering the same period be filed by it scheduled due date (as required by section 5.1(2) of National Instrument 51-102). Read More from Financial Post https://ift.tt/2JpshwW

BEIJING -- Mainland China reported on Tuesday a rise in new confirmed coronavirus cases, reversing four days of declines, due to an uptick in infections involving travelers arriving from overseas. Read More from Financial Post https://ift.tt/3bDJnTW

SYDNEY -- Asian share markets managed a tentative rally on Tuesday after European and U.S. equities stabilized, though buying for month and quarter-end book balancing likely flattered the gains. Read More from Financial Post https://ift.tt/2X6E6Az

It has been a rollercoaster month for investors of beleaguered airline Boeing (BA). To recap: the stock dropped during the first three weeks of March all the way down to $95 per share, an amazing loss of 66%. However, last week’s relief rally saw the share price reclaiming 70% of its value. Will the volatility continue? Possibly, as there are currently a wide variable of unknowns concerning the A&D giant’s future.Nevertheless, Credit Suisse’s Robert Spingarn slashed his price target on Boeing shares to $187 (from $367), which still implies about 23% upside from current levels. Despite the profit potential, the analyst can't quite see his way clear to actually recommending "buying" BA stock, assigning the shares only a "neutral" rating. (To watch Spingarn’s track record, click here)Questions have been raised concerning Boeing’s financial health, following a request for $60 billion in federal aid to assist its ailing ecosystem. Last week’s developments, along

Explaining the rationale behind the decision to step up testing in hotspots, the source said that by the 100 cases to one death surveillance ballpark, India’s current number of cases is less than half of what it should be. from The Financial Express https://ift.tt/3bC0plp

The government last week pledged relief to the poor and the vulnerable – from BPL families, Jan Dhan account holders and construction workers to organised-sector employees — and announced a package of Rs 1.7 lakh crore. from The Financial Express https://ift.tt/2V1qzaP

MELBOURNE -- Rio Tinto Ltd said on Tuesday its Tiwai smelter in New Zealand will scale back some operations to ensure the health and safety of its workers and comply with government restrictions on containing the coronavirus. Read More from Financial Post https://ift.tt/3ax393n

SEOUL -- Samsung Electronics Co Ltd said on Tuesday that one of its chip factory workers in South Korea had tested positive for coronavirus, but its output has not been affected. Read More from Financial Post https://ift.tt/2UtUvgr

WASHINGTON -- A bipartisan group of 19 U.S. senators urged the Trump administration to push back the planned June 1 start date for the new U.S.-Mexico-Canada trade pact, saying the short lead time would add to pressures on U.S. companies due to the spread of the coronavirus. Read More from Financial Post https://ift.tt/3awtX3Q

TOKYO -- Japan's factory output rose in February at a slower pace than the previous month, adding to growing signs that the rapidly spreading coronavirus pandemic is taking a toll on an economy already on the cusp of recession. Read More from Financial Post https://ift.tt/39qbEMd

WELLINGTON -- New Zealand business confidence plummeted to a near record low in March over fears of the economic impact of the coronavirus pandemic, an ANZ Bank survey showed on Tuesday. Read More from Financial Post https://ift.tt/33WoT6l

Royal Dutch Shell Plc pulled out of a major U.S. liquefied natural gas (LNG) export plant under development following the recent crash in energy prices, quickly followed by its partner, Energy Transfer LP, delaying its final decision on whether to go ahead with the project to next year. Read More from Financial Post https://ift.tt/341uJ6n

TOKYO -- Japan's factory output rose 0.4% in February, government data showed on Tuesday, slowing from the previous month hit by supply chain disruptions and slumping demand blamed on the rapid spread of the coronavirus epidemic. Read More from Financial Post https://ift.tt/3dGhywe

BRASILIA/RIO DE JANEIRO -- Brazil's President Jair Bolsonaro said on Monday that there can be no more quarantine measures imposed on the country than those already in place to combat coronavirus because jobs are being destroyed and the poor are suffering disproportionately. Read More from Financial Post https://ift.tt/2UOH2yL

Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand on Tuesday warning it expected staffing levels to be 30% lower than it is now, due to the coronavirus pandemic. Read More from Financial Post https://ift.tt/341jpr8

KIEV -- Ukrainian lawmakers voted on Tuesday to lift a ban on the sale of farmland that has stood for nearly two decades, clearing one of the hurdles needed to unlock an $8 billion loan package from the International Monetary Fund. Read More from Financial Post https://ift.tt/3aGYHzn

As news of a coronavirus outbreak in China’s Wuhan province began to appear in Western news outlets in January, the country’s state-run media initially struck a tone of reassurance and transparency with hashtags like #wuhancoronavirus and #wuhanpneumonia. By February, such messaging had disappeared. According to a new report by interent security firm Recorded Future, Chinese authorities have directed two abrupt shifts in the English language media it produces. The first shift skirted facts about the disease’s spread and origins in favor of social media posts that praised the response of the government and President Xi Jinping. Then, starting in late February, such posts took on a more aggressive tone, accusing the West of xenophobia and casting doubts on the virus’s origins. The shift in message can be seen in the social media posts below, provided by Recorded Future. The first is in early January and the second is on February 29: COVID-19 'may not originate in China' C

Without vaccines or a new cure, nations are relying on existing, approved drugs/vaccines for other diseases with mixed reports of efficacy. from The Financial Express https://ift.tt/33V2Exy

Power demand has grown at a meagre 2.2% Y-o-Y in the April-February period this fiscal, with electricity consumption contracting for the fourth straight month in November due to an extended monsoon and slowdown in economic activities. from The Financial Express https://ift.tt/33THlMU

from Yahoo Finance https://ift.tt/2JuhaTr

SINGAPORE -- Singapore's central bank aggressively eased its monetary policy on Monday, as widely expected, with the city-state's bellwether economy bracing for a deep recession due to the coronavirus pandemic. Read More from Financial Post https://ift.tt/2Jn18eb

SYDNEY -- Australian officials will use fines and the threat of jail to enforce a new rule limiting public gatherings to two people, as the country's coronavirus infection rate slowed but the death toll crept higher. Read More from Financial Post https://ift.tt/3byjpkO

Gold prices edged up on Monday as the Read More from Financial Post https://ift.tt/3au8yIy

BEIJING -- Chinese President Xi Jinping said the government will adjust support policies for small and medium-sized firms promptly as the situation develops to protect them from the impact of the coronavirus, Chinese state television reported on Monday. Read More from Financial Post https://ift.tt/2WPrltT

SHANGHAI -- China's liquefied petroleum gas (LPG) futures contract on the Dalian Commodity Exchange fell about 9% on its trading debut on Monday. Read More from Financial Post https://ift.tt/2QWVLGN

LONDON -- Global oil storage is filling up rapidly as the coronavirus pandemic reduces consumption by tens of millions of barrels per day (bpd) while leading oil producers have yet to rein in their crude output. Read More from Financial Post https://ift.tt/2xuDgTo

Coronavirus: New York reports 1000 deaths in 19 daysNew York surpassed a grim milestone as its death toll from the coronavirus outbreak climbed above 1,000 on Sunday. In India, there are 1024 COVID19 confirmed cases. from Economic Times https://ift.tt/2WRTe4s

Of late the Alpha Pro Tech (NYSEMKT:APT) share price has softened like an ice cream in the sun, melting a full 47... from Yahoo Finance https://ift.tt/2WPxUwn

SYDNEY -- Asian shares slid on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies. Read More from Financial Post https://ift.tt/3dykZoJ

Coronado Global Resources said on Monday it will temporarily halt metallurgical coal output from its U.S. operations due the global economic fallout of the coronavirus pandemic but will meet its current commitments. Read More from Financial Post https://ift.tt/3bxOGV1

WASHINGTON/ LOS ANGELES -- President Donald Trump on Sunday extended his stay-at-home guidelines until the end of April, dropping a hotly criticized plan to get the economy up and running by mid-April after a top medical adviser said more than 100,000 Americans could die from the coronavirus outbreak. Read More from Financial Post https://ift.tt/2wKnljy

The government also believes that the biggest consolidation exercise in the public-sector banking space—the amalgamation of 10 PSBs to create four larger lenders with scale – from April 1 will support the credit appetite of the economy in the coming quarters. from The Financial Express https://ift.tt/2WSw79P

SINGAPORE -- Singapore's central bank sharply eased its monetary policy on Monday, with the city-state's bellwether economy bracing for a deep recession due to the coronavirus pandemic. Read More from Financial Post https://ift.tt/33S82BG

SINGAPORE -- The dollar slowed its descent after a week of declines and the safe-haven yen edged ahead on Monday, as coronavirus lockdowns tightened across the world and investors braced for a prolonged period of uncertainty. Read More from Financial Post https://ift.tt/2Uuz7YG

SINGAPORE -- Singapore's central bank eased its monetary policy on Monday, as widely expected, with the city-state's bellwether economy bracing for a deep recession due to the coronavirus pandemic. Read More from Financial Post https://ift.tt/3atj2Ib

Tegna Inc said on Sunday that two potential acquirers had ended deal discussions with the U.S. regional TV station operator following the "market dislocation" fueled by the global coronavirus outbreak. Read More from Financial Post https://ift.tt/2WZAdgm

La-Z-Boy Inc said on Sunday it was putting 6,800 employees on furlough, cutting workers' pay, scrapping its June dividend and ending its share repurchase plan indefinitely to conserve cash as it deals with the fallout from the coronavirus. Read More from Financial Post https://ift.tt/2UIAqlD

(Bloomberg) -- Crude dropped to its lowest in 17 years as virus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and an unmanageable surplus.Futures in London fell as much as 7.6% to their lowest since November 2002 while also slumping in New York to trade below $20 a barrel. Physical oil markets are struggling to store fuel, hit by a double whammy of coronavirus restrictions eroding demand while Saudi Arabia and Russia dig in their heels over a damaging war for market share.The kingdom said on Friday that it hadn’t had any contact with Moscow about output cuts or enlarging the OPEC+ alliance of producers. Russia also doubled down, with Deputy Energy Minister Pavel Sorokin saying oil at $25 a barrel is unpleasant, but not a catastrophe for Moscow.“Demand concerns are critical but well known, what really took the market down were the signals we got from Saudi Arabia and Russia that they intend to continue their current path,” s

Asian share markets looked set for a rocky start on Monday as U.S. stock futures took an early spill amid fears the global shutdown for the coronavirus could last for months, doing untold harm to economies. Rodrigo Catril, a senior FX strategist at NAB, said the main question for markets was whether all the stimulus would be enough to help the global economy withstand the shock. "To answer this question, one needs to know the magnitude of the containment measures and for how long they will be implemented," he added. from Yahoo Finance https://ift.tt/33TXxxH

Stocks were poised to extend losses Monday as the coronavirus pandemic deepened over the weekend, with the U.S. death toll escalating. from Yahoo Finance https://ift.tt/3att4Jd

Trump signed the bill on Friday just hours after the House passed it in a bipartisan vote. from The Financial Express https://ift.tt/2JoEQc8

Both the supply and demand sides of the equation spell trouble for Big Oil today. Holders of BP (NYSE:BP) stock have suffered staggering losses amid the energy-sector rout. Some audacious traders might wonder if this is the time to grab some cheap shares and hope for the best.Source: FotograFFF / Shutterstock.com That's an ill-advised strategy.Russia and Saudi Arabia are embroiled in a vicious oil-price war. The coronavirus from China is pummeling demand. There's little hope for a swift recovery in BP stock, and the prospect of a dividend cut only makes the future look bleaker. Yet, even while BP should be cutting costs, the company's new chief executive is proposing a major vision shift that could cost the company billions.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Big Plans, Few DetailsBernard Looney, who has only been BP's chief executive since February, has already made the headlines with an ambitious plan. It's probably the boldest clean

As the challenges continue to mount for the oil industry, plummeting gasoline demand is wreaking havoc on refining margins from Yahoo Finance https://ift.tt/39k72r6

Two women, aged 76 and 56 years, are residents of Egra in south Bengal's East Midnapore district while the third, a 54-year-old, is from Kalimpong in Darjeeling district of north Bengal. from The Financial Express https://ift.tt/2wK585Q

Taking to Twitter, Akshay said that safeguarding the lives of the people is of paramount importance right now. from The Financial Express https://ift.tt/33TriP0

Coronavirus live: Worldwide Covid-19 toll passes 30KMore than 30,000 people have died worldwide in the coronavirus pandemic, two-thirds of them in Europe. In total, 30,003 lives have been lost with 21,334 of those in Europe where Italy has the highest number of fatalities with 10,023 deaths, followed by Spain with 5,690. from Economic Times https://ift.tt/3atlOwS

WASHINGTON -- President Donald Trump said on Saturday that he would issue a travel warning for the hard-hit New York area to limit the spread of the coronavirus, backing off from an earlier suggestion that he might try to cut off the region entirely. Read More from Financial Post https://ift.tt/2QVeq5X

U.S. clothing rental firm Rent the Runway said on Saturday it had laid off retail employees following temporary store closures amid the ongoing coronavirus outbreak. Read More from Financial Post https://ift.tt/2wJDxlf

WASHINGTON -- President Donald Trump said on Saturday that he would issue a travel warning for the hard-hit New York area to limit the spread of the coronavirus, backing off from an earlier suggestion that he might try to cut off the region entirely. Read More from Financial Post https://ift.tt/3bxmSA3

The Financial Action Plan (FAP) announced by the Finance Minister consisted of timid half-measures and was certainly not comprehensive. from The Financial Express https://ift.tt/2QW39lU

(Bloomberg) -- China’s trillion dollar asset-management market opens wider this week, forcing BlackRock Inc., Vanguard Group Inc. and other global firms to make a strategic decision: Go it alone or work with an entrenched local partner.While the further liberalization of the investment banking and money management industries in China has been overshadowed by the coronavirus crisis, wealth firms are nonetheless laying out plans to tap a market poised to reach $30 trillion in assets by 2023, according to consultant Oliver Wyman.Starting April 1, they can apply for licenses to set up wholly-owned mutual fund management firms for the first time. Vanguard and BlackRock are among firms going that route, people familiar have said. Other options include boosting ownership of existing joint venture partnerships to 100%, as JPMorgan Chase & Co. plans to do, people familiar have said.“With so many license options and changing policies, one of the biggest questions all foreign players face is

Exxon (NYSE:XOM) pays $3.48 per share in dividends to its shareholders. Will the dividend be cut? So far, not. So the dividend yield for XOM stock is 9.8%. This is a rare bargain.Source: Harry Green / Shutterstock.com Exxon has made no statement that it is cutting the dividend since the coronavirus pandemic ramped up. In fact, since the price of oil fell out of bed in the past two months, it has not indicated any such cut.It has been almost two months since Jan. 29 when Exxon last declared a $0.87 per share dividend. Moreover, this is the fourth quarterly dividend for XOM stock at this rate.InvestorPlace - Stock Market News, Stock Advice & Trading TipsExxon usually increases its quarterly dividend by the fifth quarter. The next quarterly dividend is not likely to be declared until late April or early May. * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem So if Exxon was going to signal a dividend cut it will happen within the next month or so. So far no bad news. Exxon C

There were some announcements by Ford (NYSE:F) last week that, combined with other tailwinds, helped spark a 15% in F stock Wednesday.Source: Proxima Studio / Shutterstock.com First, the company said it will be doing its part to ensure that hospitals have the medical equipment they need to fight the coronavirus pandemic.The company is working with General Electric (NYSE:GE) subsidiary GE Healthcare to produce hospital ventilators that can be mass-produced. Ford also plans to begin manufacturing full-face shields for hospital workers and first responders. The company plans to produce up to 100,000 protective shields per week.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd the sentiment toward F stock rose even higher after lawmakers reached a tentative agreement on the $2 trillion economic stimulus package. This was good news for the automaker and gave investors some much-needed relief. * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem The COVID-19 crisi

LONDON -- British companies in key sectors were already bracing for the biggest hit to business since 2009 even before last week's shutdown of the much of the economy as the government moved to slow the spread of coronavirus, an employers' group said. Read More from Financial Post https://ift.tt/3aD2YDy

LONDON -- Airbnb hosts will provide free rooms for workers in Britain's National Health Service (NHS) to support their work during the coronavirus outbreak, the company said on Sunday. Read More from Financial Post https://ift.tt/2QQVFjO

MELBOURNE -- New Zealand recorded its first death related to the new coronavirus, and the number of people infected with the virus rose by 63 cases to a total of 514, Director-General of Health Ashley Bloomfield said on Sunday. Read More from Financial Post https://ift.tt/3dBFy3x

Even some of Modi’s bitter political critics have appreciated the swift measures he put in place against coronavirus and the economic bailout package. from The Financial Express https://ift.tt/2xsNGD0

Shared-office operator WeWork has cut about 250 more jobs, a person familiar with the matter told Reuters, as the company seeks to reduce costs after its failed initial public offering last year. Read More from Financial Post https://ift.tt/2wCgkS6

LONDON -- Airbnb hosts will provide free rooms for workers in Britain's National Health Service (NHS) to support their work during the coronavirus outbreak, the company said on Sunday. Read More from Financial Post https://ift.tt/33Tk5OW

LONDON -- British companies in key sectors were already bracing for the biggest hit to business since 2009 even before last week's shutdown of the much of the economy as the government moved to slow the spread of coronavirus, an employers' group said. Read More from Financial Post https://ift.tt/3arUa3y

In a tweet, Johns Hopkins said, “The use of our logo was not authorized in this case and JHU is engaging with CDDEP on it”. from The Financial Express https://ift.tt/2Jz8CuV

* Benzinga has examined the prospects for many investor favorite stocks over the past week. * Bullish calls included a beleaguered aerospace giant, video streaming leader and a top retailer. * Bearish calls included a big bank and a leading electric vehicle maker.Despite a rough close on Friday, we saw a bear market rally last week, with the Dow Jones industrials ending more than 16% higher, the Nasdaq up over 9% and S&P 500 in between. Agreement on an economic stimulus package prompted the optimism, but the COVID-19 pandemic continued to dominate the headlines and among other things was responsible for record jobless claims last week.As usual, Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of this past week's most bullish and bearish posts that are worth another look.Bulls In Shanthi Rexaline's "Boeing Analyst Turns Bullish After Deep Sell-Off," see why a key analyst found something to like about Boei

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] from Yahoo Finance https://ift.tt/39omRwQ

As RBI has left it to the bank boards to frame objective criteria for considering these reliefs, it will boil down to how much of this relief the bank passes on to the borrowers. from The Financial Express https://ift.tt/2JkOA79

Coronavirus: Total active cases rise to 748As per Health Ministry, the number of active coronavirus cases in India increased to 33 as on 28 March 2020, 3 am. from Economic Times https://ift.tt/33YpcxC

US stocks fall, snapping three-day winning streakDespite Friday's rout, all three indices finished the week with solid gains as the giant stimulus moved through Washington towards the desk of the president, with the Dow experiencing its largest weekly gain since 1931. from Economic Times https://ift.tt/2JmVkkM

The U.S. Food and Drug Administration approved a portable swab test which can provide results for the coronavirus in less than 15 minutes. from Yahoo Finance https://ift.tt/3bvhZaH

from Yahoo Finance https://ift.tt/2Jnc4IR

SHANGHAI -- China on Saturday reported no locally transmitted coronavirus infections for the previous day and a small reduction in new cases involving travelers from overseas, as new restrictions on the entry of foreigners kicked in. Read More from Financial Post https://ift.tt/2Jm7xWY

NEW YORK -- Doctors and nurses on the front lines of the U.S. coronavirus crisis pleaded on Friday for more protective gear and equipment to treat waves of patients expected to overwhelm hospitals as the number of known U.S. infections surpassed 100,000, with more than 1,600 dead. Read More from Financial Post https://ift.tt/3arg72v

MELBOURNE -- Australian troops will begin on Saturday taking citizens returning from overseas to compulsory quarantine places to prevent spread of the coronavirus, as Victoria officials closed beaches on a warm autumn day amid public resistance, warning of fines. Read More from Financial Post https://ift.tt/2UIp8O1

As U.S. demand for ventilators skyrockets during the coronavirus pandemic, smaller medical device makers are simplifying their designs and pushing other work aside to make more of the devices. Read More from Financial Post https://ift.tt/39lHiul

Banks now have enough resources, but may yet stay risk-averse, lending only to the best businesses. from The Financial Express https://ift.tt/3bxupPw

Meanwhile, the benchmark yield fell by 8 basis points to close at about two-week low of 6.14%. During the day, the benchmark yield moved below the 6% mark before closing the session higher. from The Financial Express https://ift.tt/3btLSrZ

RBI delivered more than expected—cutting the repo rate by 75bps, widening the corridor, infusing liquidity, and easing regulatory norms. from The Financial Express https://ift.tt/2QNbesU

In Guntur, the largest market for chilli and other spices, farmers are not bringing their produces to mandis, prompting the state to consider bringing farmers in batches from a particular area so that trading can resume. from The Financial Express https://ift.tt/2UFASAV

Abbott Laboratories said on Friday it won U.S. marketing approval for a diagnostic test for the coronavirus that can deliver results to patients within minutes and be used in physicians offices and urgent care clinics, as well as hospitals. Read More from Financial Post https://ift.tt/2WVzCfE

BRASILIA -- Brazil on Friday barred all non-resident foreigners from entering the country via its airports to slow the spread of the coronavirus, but President Jair Bolsonaro urged Brazilians to return to work instead of practicing social distancing. Read More from Financial Post https://ift.tt/2UJPpeO

WASHINGTON/DETROIT -- U.S. President Donald Trump on Friday invoked emergency powers to require General Motors Co to build much-needed ventilators for coronavirus patients after he accused the largest U.S. automaker of "wasting time" during negotiations. Read More from Financial Post https://ift.tt/3dBMhdG

Canada's top lenders lowered their prime rates by 50 basis points on Friday, hours after the central bank unexpectedly cut its key interest rate to help the county weather the economic fallout of the coronavirus pandemic. Read More from Financial Post https://ift.tt/33Pw93Q

NEW YORK -- U.S. companies raised a record $109.1 billion through investment-grade bond sales this week, as corporate America hoarded cash following measures unveiled on Monday by the Federal Reserve to backstop the market for high-quality debt. Read More from Financial Post https://ift.tt/2wLdolU

A top U.S. housing regulator is planning on providing assistance to mortgage servicers bracing for a wave of missed mortgage payments as the coronavirus puts homeowners out of work. Read More from Financial Post https://ift.tt/3dBGXqU

Today, the situation is very different for two-three reasons – medical services are much better developed, consciousness is very high, every economy has taken major steps to counter the spread and also address the economic impact. from The Financial Express https://ift.tt/2QRSI2x

India is facing an unprecedented crisis, and many responses need to be made on the fly, in the context of a new development. from The Financial Express https://ift.tt/2xzPz0r

The government is likely to extend the existing Foreign Trade Policy by six months to September 30 in the wake of the Covid-19 outbreak. A decision is expected in a couple of days, officials said. from Economic Times https://ift.tt/2JqyYih

from Yahoo Finance https://ift.tt/39psACP

Coronavirus: One more casualty in RajasthanA COVID19 positive person has died in Bhilwara, Rajasthan. He had comorbid conditions including diseases relating to kidney and blood pressure: Rajan Nanda, Mahatma Gandhi Hospital from Economic Times https://ift.tt/39l4Qj1

Dow wraps up strongest three days since 1931The Dow finished up 21% from its Monday low, establishing it in a bull market, according to a widely used definition. It was the index's strongest three-day percentage increase since 1931. from Economic Times https://ift.tt/3dvgyLf

MEXICO CITY -- Groups representing Mexico's automakers and car parts suppliers are lobbying for regional content rules in the new North American trade agreement to be implemented in 2021 instead of on June 1 this year as scheduled, according to an industry letter seen by Reuters. Read More from Financial Post https://ift.tt/2WN9X9c

WASHINGTON -- Leaders of the U.S. House of Representatives are determined to pass a $2.2 trillion coronavirus relief bill on Friday, or at the very latest on Saturday, hoping to provide the quickest help possible as deaths mount and the economy reels. Read More from Financial Post https://ift.tt/2UD6kQp

BEIJING -- Mainland China reported its first locally transmitted coronavirus infection in three days, although cases involving travelers from overseas continued to dominate the total number of new cases. Read More from Financial Post https://ift.tt/3asVjbe

TOKYO -- Asian stocks rose on Friday as investors wagered policymakers will roll out additional stimulus measures to combat the coronavirus pandemic after U.S. unemployment filings surged to a record. Read More from Financial Post https://ift.tt/2vVjmjW

TOKYO -- The dollar is on track for its biggest weekly fall in more than a decade on Friday as a series of stimulus steps around the world, including a $2.2 trillion U.S. package, calmed a panic over a global recession following the coronavirus outbreak. Read More from Financial Post https://ift.tt/2WIzqR3

New York state's highest court on Thursday ruled that drivers for online food delivery service Postmates Inc were employees eligible for unemployment insurance, which the state's attorney general called a win for gig economy workers. Read More from Financial Post https://ift.tt/2WNSnlk