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April 3, 2020

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Reuters - Business

Dollar strength consolidates as global recession looms

Reuters
by Reuters03
SINGAPORE (Reuters) – The dollar edged toward an almost 2% weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the worsening economic fallout from the coronavirus pandemic. A trader shows U.S. dollar notes at a currency exchange booth in Karachi, Pakistan......
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Sports Illustrated - MMA

LaMelo Ball, manager buy Australian NBL’s Illawarra Hawks

Sports Illustrated
by Sports Illustrated00
SI – For more and to sign up click here Michael Shapiro Likely NBA lottery pick LaMelo Ball and his manager Jermaine Jackson purchased the NBL’s Illawarra Hawks on Thursday, Jackson confirmed.  Ball shined in 12 games with the Australian team in 2019-20, averaging 17.0 points, 7.5 rebounds and 7.0 assists......
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New York Post

Australians caught sending face masks, hand sanitizer to China face prison time

NYPost
by NYPost018
New York Post – For more and to sign up click here Australians who export medical supplies such as face masks and hand sanitizer could now face up to five years in the slammer — a move intended to  keep the goods Down Under during the coronavirus pandemic. The move,......
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Reuters - Business

Risk currencies ease, yen firms as investors brace for global downturn

Reuters
by Reuters06
TOKYO (Reuters) – Risk currencies looked fragile and the yen firmed on Wednesday, the first day of a quarter that looks set to see the worst economic contractions for decades in many countries as they scramble to tackle the coronavirus epidemic. FILE PHOTO: A Japan Yen note is seen in......
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CNBC Business

‘Mental vacation’ pictures relieve stress. Here’s what they look like

CNBC
by CNBC05
CNBC – For more and to sign up click here With travel ground to a halt and millions of people confined to their homes, global spirits could use some uplifting. From the smell of freshly-cut grass to the sight of a sunrise peeking above a tropical horizon, nothing can replace......
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Reuters - Business

Dollar gains, yuan steady after China PMI in cautious trade

Reuters
by Reuters04
TOKYO (Reuters) – The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a greenback shortage before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis worsened. FILE PHOTO: One hundred dollar notes are seen in this photo illustration at......
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Reuters - Business

Asia shares inch up, China’s factories show flicker of life

Reuters
by Reuters05
SYDNEY (Reuters) – Asian shares were closing out a calamitous quarter with a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity, even as much of the rest of the world shut down. China’s official manufacturing purchasing managers’ index (PMI) bounced......
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Reuters - Business

Asia shares edge up, China factories show flicker of life

Reuters
by Reuters03
SYDNEY (Reuters) – Asian shares managed a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity even as other countries across the globe all but shut down. China’s official manufacturing purchasing managers’ index (PMI) bounced to 52.0 in March, up from......
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Reuters - Business

Dollar gains on Japanese demand before fiscal year end, pandemic weighs on mood

Reuters
by Reuters02
TOKYO (Reuters) – 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. FILE PHOTO: One hundred dollar notes......
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New York Post

Astrophysicist hospitalized while trying to invent coronavirus device

NYPost
by NYPost04
New York Post – For more and to sign up click here This bored Australian scientist is a magnet for trouble. Dr. Daniel Reardon, 27, an astrophysicist, tried to invent an alarm that prevents people from touching their faces during the coronavirus pandemic – but wound up attracting the wrong......
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Reuters - Business

Asia shares suffer virus chills, central banks offer cold comfort

Reuters
by Reuters04
SYDNEY (Reuters) – Asian shares slipped 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 despite central banks’ best efforts. FILE PHOTO: Passersby wearing protective face masks following an outbreak of the......
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Reuters - Business

Asia shares suffer virus chills, central banks offer what they can

Reuters
by Reuters03
SYDNEY (Reuters) – 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 despite central banks’ best efforts. FILE PHOTO: Passersby wearing protective face masks following an outbreak of the......
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Reuters - Business

Asia shares under threat as futures fall early

Reuters
by Reuters06
SYDNEY (Reuters) – 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. FILE PHOTO: Passersby wearing protective face masks following an outbreak of......
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Reuters - Business

Singapore Airlines latest to get massive bailout amid coronavirus crisis

Reuters
by Reuters06
SINGAPORE/SYDNEY (Reuters) – Singapore Airlines Ltd (SIAL.SI) said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return. FILE PHOTO: A Singapore Airlines plane sits on the tarmac......
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Reuters - Business

Asia stocks ride stimulus hopes higher but dollar left behind

Reuters
by Reuters08
TOKYO (Reuters) – Asian stocks rose on Friday as investors wagered policymakers will roll out more stimulus measures to combat the coronavirus pandemic after U.S. unemployment filings surged to a record. FILE PHOTO: Passersby wearing protective face masks following an outbreak of the coronavirus disease (COVID-19) are reflected on a......
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Reuters - Business

Singapore Airlines secures $13 billion to survive coronavirus and grow after

Reuters
by Reuters06
SINGAPORE/SYDNEY (Reuters) – Singapore Airlines Ltd (SIAL.SI) said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return. FILE PHOTO: An Airbus A380-800 aircraft of Singapore Airlines takes......
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Reuters - Business

IATA pleads for more help for airlines after U.S. offers $58 billion aid

Reuters
by Reuters011
DUBAI/SINGAPORE (Reuters) – The International Air Transport Association (IATA) on Thursday urged the world’s major economies to act quickly to prevent irreversible damage to an airline industry that has seen demand crushed by the coronavirus crisis. A number of governments have already stepped in to help airlines hammered by the......
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Reuters - Business

‘Apocalypse now’: Airlines turn to cargo for revenue as U.S. Senate approves aid package

Reuters
by Reuters09
SYDNEY/CHICAGO (Reuters) – Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate unanimously passed a bill to give its carriers $58 billion in aid, including payroll support. Delta Air Lines passenger planes are......
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Reuters - Business

Asian stocks scratch gains but lose steam on U.S. job jitters

Reuters
by Reuters08
SINGAPORE (Reuters) – Asian stocks eked out gains on Thursday, but the week’s rally lost steam as investors seemed torn between relief at the agreement of a huge U.S. stimulus package and dread over a likely spike in jobless claims and coronavirus cases. After last-minute negotiations, the Senate backed a......
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Reuters - Business

Asian stocks scratch gains but lose steam on U.S. job jitters

Reuters
by Reuters08
SINGAPORE (Reuters) – Asian stocks eked out gains on Thursday, but the week’s rally lost steam as investors seemed torn between relief at the agreement of a huge U.S. stimulus package and dread over a likely spike in jobless claims and coronavirus cases. After last-minute negotiations, the Senate backed a......
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