Finance

WASHINGTON — The Federal Reserve Bank of New York on Monday announced that it will ramp up the amount of short-term loans it offers banks, an effort to keep cash flowing smoothly through the financial system as markets gyrate amid fears about economic fallout from the coronavirus. The infection has now sickened about 110,000 people, […]

Twitter says it’s reached an investment deal with Silver Lake and Elliott Management that will keep Jack Dorsey as the social media company’s CEO March 9, 2020, 1:18 PM 1 min read Twitter says it’s reached an investment deal with Silver Lake and Elliott Management that will keep Jack Dorsey as the social media company’s

ADDIS ABABA, Ethiopia — The year since the crash of an Ethiopian Airlines Boeing 737 Max has been a journey through grief, anger and determination for Ruth Kageche, Zipporah Kuria and others whose loved ones were on the plane. Grief at the staggering toll: 157 lives lost when the plane crashed six minutes after takeoff.

LONDON/SYDNEY/HONG KONG, March 9 (Reuters) — Global stocks plunged on Monday and prices for crude oil tumbled as much as 33% after Saudi Arabia launched a price war with Russia, sending investors already panicked by the coronavirus fleeing for the safety of bonds and the yen. Saudi Arabia had stunned markets with plans to raise

ROME — The Latest on the coronavirus epidemic sweeping the globe (all times local): 9:55 a.m. Singapore will allow the Costa Fortuna cruise ship to dock on Tuesday, after it was rejected by Thailand and Malaysia. Singapore’s port authority and tourism board said in a joint statement Monday that the ship has declared that none

Ethiopian investigators are expected to release an interim report this week on the crash of a Boeing 737 Max 8 jet that killed 157 people March 9, 2020, 7:01 AM 3 min read Ethiopian investigators are expected to release an interim report this week on the crash of a Boeing 737 Max 8 jet that

Japan’s economy contracted at a dismal 7.1% annual rate during the October-December period, worse than the initial estimate, raising fears the world’s third largest economy could be headed for a recession By YURI KAGEYAMA AP Business Writer March 9, 2020, 3:55 AM 2 min read TOKYO — Japan’s economy contracted at a dismal 7.1% annual

Asian stock markets have plunged after global oil prices nosedived on fears the global economy weakened by a virus outbreak might be awash in too much crude March 9, 2020, 2:54 AM 1 min read BEIJING — Asian stock markets plunged Monday after global oil prices nosedived on worries a global economy weakened by a

WASHINGTON — Since breaking out of China, the coronavirus has breached the walls of the Vatican. It’s struck the Iranian holy city of Qom and contaminated a nursing home in Seattle. And around the world, it’s carrying not just sickness and death but also the anxiety and paralysis that can smother economic growth. From Florida,

WASHINGTON — A team of scientists jostled for a view of the lab dish, staring impatiently for the first clue that an experimental vaccine against the new coronavirus just might work. After weeks of round-the-clock research at the National Institutes of Health, it was time for a key test. If the vaccine revs up the