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March 29, 2020

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Graphic: Three months that shook global markets

Reuters
by Reuters00
LONDON (Reuters) – How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression. FILE PHOTO: The final numbers of the day are displayed above the floor of the......
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Reuters - Business

Three months that shook global markets

Reuters
by Reuters04
LONDON (Reuters) – How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression. FILE PHOTO: The final numbers of the day are displayed above the floor of the......
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Reuters - Business

Governments, central banks must boost efforts to help economies cope with crisis: BIS chief

Reuters
by Reuters02
LONDON (Reuters) – Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis, the head of the Bank for International Settlements said on Sunday. FILE PHOTO: Bank of Mexico Governor Agustin Carstens gestures during the delivery quarterly report from......
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Reuters - Business

Mexico’s President says will comply with public vote to halt brewery project

Reuters
by Reuters03
FILE PHOTO: Bottles of the beer, Corona, a brand of Constellation Brands Inc., sit on a supermarket shelf in Los Angeles, California April 1, 2015. REUTERS/Lucy Nicholson/File Photo MEXICO CITY (Reuters) – Mexico’s President Andres Manuel Lopez Obrador on Saturday said his government will comply with a public consultation to......
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Reuters - Business

Airbnb hosts to provide free rooms for British health workers

Reuters
by Reuters00
FILE PHOTO: Small toy figures are seen in front of diplayed Airbnb logo in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – 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......
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Wall Street Week Ahead: Fund rebalancing could help buoy stock rebound

Reuters
by Reuters02
NEW YORK (Reuters) – Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fueled market drop. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) near the close......
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Treasury: U.S. will be ‘compensated’ for assistance to airlines

Reuters
by Reuters01
WASHINGTON (Reuters) – U.S. Treasury Secretary Steve Mnuchin said on Friday that taxpayers will “compensated” for providing up to $25 billion in direct grants to the airline industry. FILE PHOTO: Treasury Secretary Steve Mnuchin takes a phone call in the hall outside a meeting to wrap up work on coronavirus......
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Bipartisan majority of Americans reject Trump idea to reopen by Easter: Reuters/Ipsos poll

Reuters
by Reuters01
NEW YORK (Reuters) – A bipartisan majority of Americans appear to reject an idea floated by President Donald Trump to reopen businesses by Easter, according to a Reuters/Ipsos poll, which also showed that nearly one in four have been laid off or furloughed during the coronavirus outbreak. Crowds of people......
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Reuters - Business

U.S. airlines cheer government relief but warn it is no ‘cure’ for deep industry crisis

Reuters
by Reuters04
CHICAGO (Reuters) – United Airlines Holdings Inc and Delta Air Lines welcomed on Friday a $50 billion relief package they said would protect jobs through September but warned that the continued challenges facing the industry will require more action. Delta Air Lines passenger planes are seen parked due to flight......
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Reuters - Business

U.S. airlines expect clarity on terms of payroll grants in 5-10 days: UAL senior executives

Reuters
by Reuters03
CHICAGO (Reuters) – U.S. airlines expect to learn the terms of federal aid meant to protect workers’ payrolls in the midst of a sharp downturn from the coronavirus in the next five to 10 days, senior executives at United Airlines Holdings Inc (UAL.O) said on Friday. Under a relief bill......
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Reuters - Business

Wall Street tumbles as U.S. virus cases pass 100,000

Reuters
by Reuters00
(Reuters) – Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed. U.S. stocks deepened their losses late in the session, even after the House of Representatives approved a......
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Reuters - Business

Almost one in four Americans lost job or furloughed because of coronavirus: Reuters/Ipsos poll

Reuters
by Reuters00
NEW YORK (Reuters) – Nearly one in four U.S. adults said they have been laid off or furloughed during the coronavirus outbreak, yet a bipartisan majority of Americans wants businesses to remain closed to slow the spread of the deadly virus despite its impact on the economy, according to a......
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Reuters - Business

Wall Street heads for lower open after three-day surge as virus fears grow

Reuters
by Reuters04
(Reuters) – U.S. stock indexes were set to fall sharply at the open on Friday, following the S&P 500 and the Dow’s best three-day run in nearly a century, as fears about the economic damage from the rapidly spreading coronavirus returned to the forefront. FILE PHOTO: Traders work on the......
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Reuters - Business

‘Maximum bearish’: funds in record rush to cash in past week

Reuters
by Reuters09
LONDON (Reuters) – Investors rushed into cash and out of bonds at a record pace over the past week as the coronavirus pandemic caused mayhem in markets, BofA said on Friday, though it noted a key positioning signal at “maximum bearish” could signal a big rally ahead. FILE PHOTO: A......
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Reuters - Business

Wall Street tumbles after stellar rally as virus fears grow

Reuters
by Reuters03
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson (Reuters) – U.S. stock indexes fell sharply at the open on Friday, following the S&P 500 and the Dow’s best three-day run in nearly a century, as......
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Reuters - Business

Futures fall after strong three-day rally as virus threat continues

Reuters
by Reuters03
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson (Reuters) – U.S. stock index futures fell on Friday, a day after the S&P 500 and Dow posted their best three-day run since the 1930s, as the......
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Reuters - Business

Mini-bull, tired bear, or something in-between

Reuters
by Reuters05
Investors could be forgiven for doing a double-take: Wait, we’re back in a bull market? Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...
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Reuters - Business

U.S. House sets Friday debate for coronavirus aid bill

Reuters
by Reuters07
WASHINGTON (Reuters) – The U.S. House of Representatives will begin a two-hour debate on a sweeping, $2.2 trillion coronavirus aid bill at 9 a.m. (1300 GMT) on Friday but it was not clear whether the measure would be able to pass on a voice vote, the House Majority Leader’s office......
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Reuters - Business

Dow wraps up strongest three days since 1931

Reuters
by Reuters07
(Reuters) – The Dow Jones Industrial Average .DJI wrapped up its strongest three days in nine decades on Thursday as record weekly U.S. jobless claims came in below investors’ worst fears and the focus stayed on an unprecedented $2 trillion stimulus awaiting approval by the U.S. House of Representatives. The......
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Reuters - Business

Mnuchin says Americans to get coronavirus aid within three weeks

Reuters
by Reuters013
U.S. Secretary of the Treasury Steven Mnuchin walks from a meeting during negotiations on a coronavirus disease (COVID-19) relief package on Capitol in Washington, U.S., March 23, 2020. REUTERS/Joshua Roberts WASHINGTON (Reuters) – Americans should receive cash payments within three weeks to help offset the financial hardships of the coronavirus......
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