Finance

by | March 21, 2020 | 19:56

Share markets in the U.S. were sharply lower on Wednesday, with losses accelerating after the World Health Organization declared the coronavirus outbreak a pandemic . According to the New York Stock Exchange , the equities and options exchanges all have procedures for coordinated trading halts if a severe market decline threatens to exhaust liquidity levels.

by | March 21, 2020 | 18:28

Several planes turned around mid-flight this morning and headed back to Britain after Jet2 cancelled all flights to Spain - including the Balearic and Canary Islands. "We're contacting our prospects who're at present in these locations, and who're because of journey, to advise them of their choices, so we urge prospects to not name us.

by | March 21, 2020 | 16:40

Advancing issues outnumbered declining ones on the NYSE by a 1.12-to-1 ratio; on Nasdaq , a 1.18-to-1 ratio favored decliners. Unease has grown as forecasters say a global recession looks increasingly likely and have cut growth outlooks for the United States, China and other major economies.

by | March 21, 2020 | 07:36

For the next 12 months, I'm increasing the working tax credit basic element by the same amount as well. Rishi Sunak also announces that he is deferring the next quarter of Value-Added Tax payments due from businesses. "We will continue to watch as these processes develop and challenge any unnecessary bureaucracy or overly prohibitive criteria". He said: "We will pay grants to support jobs for as long as necessary".

by | March 21, 2020 | 05:53

The tests become available on March 23 and will cost $139. Everlywell produces a series of at-home tests for a variety of diseases and viruses. The tests will only be available in the United States. "Private, secure digital results provided to all users within days..." The company says anyone who tests positive will be connected with certified physicians that can provide guidance via telehealth; the company will also report positive cases to federal and state reporting agencies as required ...

by | March 21, 2020 | 00:25

States must apply for the exemption, and many have already begun to do so . New guidance from the Education Department says any state that submits a "proper request" will be granted a testing waiver for the 2019-20 school year. Some Democrats have said borrowers should get credit toward that goal even if payments are suspended because of the virus. Trump said his administration would extend the 60-day payment suspension if required, and he said there would be further changes to help ...

by | March 20, 2020 | 20:55

That's where the FDA has been so great. The Food and Drug Administration says though antimalarials have not been formally approved as cure for the Coronavirus , still the agency is expanding access so that authorities could gather more data.

by | March 20, 2020 | 20:56

There would be further cashflow support for businesses through the tax system, with VAT payments deferred until the end of June. "We're launching a major campaign to advertise the support for business and people". He emphasised that the measures would be temporary. The sudden economic shock to the United Kingdom economy caused by coronavirus is unlike anything the country has seen and the Government faces a huge economic challenge, he said.

by | March 20, 2020 | 20:52

He added: "Normally the FDA would take a long time to approve something like that, and it's - it was approved very, very quickly and it's now approved, by prescription". Of the 20 test patients, six of them who were treated with both Plaquenil and the antibiotic Azithromycin showed impressive results - with five testing negative at day three.

by | March 20, 2020 | 19:13

The announcement came a day after Walmart said it would trim store hours for the second time in less than a week to prevent the spread of COVID-19. These roles will be temporary at first, but many will convert to permanent roles over time. The retailer noted that a number of workers in hospitality and restaurants are forced out of work due to the pandemic, adding that it is reaching out to such businesses to facilitate the employment of their workers on a temporary basis.

by | March 20, 2020 | 17:35

The memo also instructs employees to tell police officers to contact GameStop's corporate headquarters if they have any concerns. "We have received reports of local authorities visiting stores in an attempt to enforce closure despite our classification".

by | March 20, 2020 | 16:51

A key plank is a direct payment of up to $1,200 for individuals and $2,400 for couples below a certain income threshold, along with $500 for each child in the family, a Senate Finance Committee statement said . At the same time, caring for the expected surge of sick Americans is a priority. Congress wants to ramp up production of medical supplies and rapidly erecting temporary field hospitals under new authorities President Donald Trump invoked in the Defense Production Act.

by | March 20, 2020 | 16:36

Stocks fell in Tokyo, and all other Asian markets on Thursday. The Dow lost more than 1,300 points, or 6.3%, on Wednesday. The Dow rose 55 points, or 0.3%, to 19,953 after erasing an earlier loss of 721 points. "And then one day you have to close it down in order to defeat this enemy". The mayhem is creating a "cash crunch", that is putting pressure on financial institutions, said Jackson Wong of Amber Hill Capital in Hong Kong.

by | March 20, 2020 | 15:27

Trump noted, however, that low gasoline prices were good for United States consumers even as they were hurting the industry. Saudi Arabia's energy ministry, however, said it had directed national oil company Aramco to continue to supply crude oil at a record high 12.3 million bpd over the coming months.

by | March 20, 2020 | 14:45

Following the Bank of Canada's surprise announcement last week that it is lowering interest rates by 50 basis points to 0.75%, the country's largest banks cut their prime lending rates to 2.95% from 3.45%. In their own press release , TD Bank said that many of their branches will be temporarily closed starting on March 19, 2020. Yesterday, CIBC said that today, 816 of their locations will remain open but will operate under different hours.

by | March 20, 2020 | 12:22

NPR reported that Burr made more ominous comments about coronavirus behind closed doors last month. "But he didn't warn the public", Carlson said. Lamar Alexander, R-Tenn., "just 10 days before, claiming that America was better prepared than ever before for coronavirus".

by | March 20, 2020 | 11:09

The 25-member governing council said in its statement that if needed, it could increase its purchases "by as much as necessary and for as long as needed". For the newly announced PEPP, securities issued by the Greek government, which have been previously shut out of the European Central Bank bond-buying program due to Greece's low credit rating, will be eligible for purchase.

by | March 20, 2020 | 02:00

Earlier, U.S. officials told The Associated Press that the administration would invoke the law to immediately turn back all people who cross the border illegally from Mexico and to refuse people the right to claim asylum there. Briefings under past Trump press secretaries Sean Spicer and Sarah Huckabee Sanders were particular points of contention as the president's spokespeople struggled at times to answer questions about the factual inaccuracies or odd rhetoric emanating from their boss.

by | March 19, 2020 | 22:31

Pundits labelled Trump a racist for cutting out travel to the disease-ridden nation. "We have not seen any significant mortality in the children, but we are concerned about the early reports coming out of Italy and France", Birx said. It's time to pull America's supply chains for life-saving medicine out of China and make the CCP pay for contributing to this global emergency", said Cotton in a release .

by | March 19, 2020 | 22:23

A company spokesman confirmed a Wall Street Journal report that it had begun shutting down some of its managed properties last week, and it is also cutting staffing at hotels that are still open. Chip Rogers, CEO of the American Hotel and Lodging Association, a lobbying group, said the virus has already had more impact on the US hotel industry than the September 11, 2001 terrorist attacks and the 2008 recession combined.

by | March 19, 2020 | 19:54

The Monetary Policy Committee held an emergency meeting on 19th March and unanimously voted to cut the rate to a historic low of 0.1%. Added to the stock of similar Bank of England purchases during the financial crisis, and in the aftermath of the European Union referendum bill, that brings the total is £645bn, meaning the Bank of England will own over a third of the national debt.

by | March 19, 2020 | 19:43

The Detroit Three automakers have yet to issue profit warnings, but Germany's BMW BMWG.DE said on Wednesday its 2020 profit would be "significantly lower" than past year. According to local news reports, cases have been confirmed at a Fiat Chrysler assembly plant in Sterling Heights, Michigan, and another case was reported at Ford's Michigan Assembly Plant in Wayne.

by | March 19, 2020 | 18:13

Borrowing rates in the commercial paper market have been spiking as more companies have sought to raise cash in the expectation that their revenue will plunge. The Fed said the swaps, in which the Fed accepts other currencies in exchange for United States dollars, will for at least the next six months allow the central banks of Australia, Brazil, South Korea, Mexico, Singapore, Sweden, Denmark, Norway and New Zealand to tap up to a combined total of $US450 billion ($A805 billion), money to ...

by | March 19, 2020 | 17:12

Board members also agreed at the unscheduled meeting to begin quantitative easing measures for the first time in the country's history, and provide a three-year funding facility to the nation's banks, with particular support for credit to small- and medium-sized businesses.

by | March 19, 2020 | 16:36

There are no caps on fresh fruit and vegetables, fresh milk, yoghurts, deli items, seafood, bakery items, canned fish and meat other than mince - or on drinks, baby food, wet dog food, wet cat food, and Easter confectionery and merchandise.