Indonesia has officially announced a second stimulus package and has vowed to set aside a chunk of its state budget to support the country’s economy against the backdrop of the COVID-19 outbreak, providing some relief to a battered stock market and rupiah.
The government announced on Friday that it wouldRead more..
WASHINGTON — Taking dramatic action Wednesday, President Donald Trump announced he is sharply restricting passenger travel from 26 European nations to the U.S. and moving to ease the economic cost of a viral pandemic that is roiling global financial markets and disrupting the daily lives ofRead more..
Julie Johnsson, Charlotte Ryan and Anurag Kotoky
A Wizz Air Airbus A321 flies over the oldest Hungarian bridge, the 'Lanchid' (Chain Bridge) of Danube River in Budapest on May 1, 2016 during the Budapest Air Show. (AFP/Attila Kisbenedek)
Boeing Co. and Airbus SE, which untilRead more..
U.S. stocks slumped Wednesday, with the Dow ending in bear-market territory for the first time in more than a decade, after the World Health Organization designated the global spread of COVID-19 a pandemic, unnerving investors already disappointed with the lack of an economic policy response from the TrumpRead more..
Oil futures ended lower on Wednesday, pressured by U.S. government data reporting domestic crude supplies rose for a seventh week in a row, and by Saudi Arabia’s move to increase output capacity, as it intensifies a price war with Russia that sent crude prices tumbling to four-year lows this week.
Oil pricesRead more..