Financial markets

People wearing face masks travel by metro in Brussels, Wednesday, March 18, 2020. Belgium has ordered further lockdown measures starting Wednesday, following in the steps of European neighbours Italy, Spain and France. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Francisco Seco)
March 18, 2020 - 7:25 pm
FRANKFURT, Germany (AP) — The European Central Bank is launching a new, expanded program to buy financial assets in a bid to calm markets roiled by the virus outbreak and counter what is expected to be a recession in the 19 countries that use the euro currency. The purchases are aimed at keeping...
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A recently landed Delta Air Lines plane is towed past two stripped passenger planes at Pinal Airpark Wednesday, March 18, 2020, in Red Rock, Ariz., as many passenger planes are being kept at the facility as airlines cut back on service due to the coronavirus. (AP Photo/Ross D. Franklin)
March 18, 2020 - 7:19 pm
The number of confirmed cases of the new coronavirus worldwide surpassed 200,000 for the first time Wednesday and the damage being seeded in the global economy is growing more clear by the day. Furloughs and job cuts, from dog walkers to oilfield workers, have begun. Governments around the world...
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In this photo released by the official website of the Office of the Iranian Presidency, cabinet members wearing face masks and gloves attend their meeting in Tehran, Iran, Wednesday, March 18, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (Office of the Iranian Presidency via AP)
March 18, 2020 - 4:05 pm
TEHRAN (AP) — Iran on Wednesday reported its single biggest jump in fatalities from the coronavirus as another 147 people died, raising the country's overall death toll to 1,135. The nearly 15% spike in deaths — amid a total of 17,361 confirmed cases in Iran — marks the biggest 24-hour rise in...
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A trader works the floor at the New York Stock Exchange, Tuesday, March 17, 2020 in New York. (AP Photo/Mark Lennihan)
Associated Press
March 17, 2020 - 11:42 pm
BEIJING (AP) — Major Asian stock markets were higher Wednesday after Wall Street rebounded on President Donald Trump's promise of aid to get the U.S. economy through the coronavirus outbreak. Benchmarks in Shanghai, Tokyo and Hong Kong all advanced. Australia's main index fell 5% and smaller Asian...
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A sign advises of the closure of a restaurant at Pike Place Market on Tuesday, March 17, 2020, in Seattle. Many shops in the landmark market continue to remain open, though business has dropped considerably in recent weeks. A day earlier, Washington Gov. Jay Inslee ordered all bars, restaurants, entertainment and recreation facilities to temporarily close to fight the spread of COVID-19 in the state with by far the most deaths in the Unite States from the disease. (AP Photo/Elaine Thompson)
March 17, 2020 - 7:30 pm
WASHINGTON (AP) — The Federal Reserve put in motion two emergency lending programs Tuesday that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak. The first, announced mid-morning, is...
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A man sits alone at a coffee shop area at a shopping centre in London, Tuesday, March 17, 2020. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Kirsty Wigglesworth)
March 17, 2020 - 1:53 pm
Governments and central banks are scrambling to find ways to keep businesses from going bankrupt as the virus outbreak grinds the world economy to a halt. A day after Wall Street endured its worst daily drop since the crash of 1987, European markets wavered, as did U.S futures markets. There is...
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Treasury Secretary Steven Mnuchin speaks during a press briefing with the coronavirus task force, at the White House, Tuesday, March 17, 2020, in Washington, as President Donald Trump looks on. (AP Photo/Evan Vucci)
March 17, 2020 - 12:23 pm
WASHINGTON (AP) — President Donald Trump wants the government to send checks to Americans in the next two weeks in an effort to curb the economic cost of the coronavirus outbreak, Treasury Secretary Steven Mnuchin said Tuesday. “The president has instructed me we have to do this now,” he said at...
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A customer wearing a face mask as a precaution against the new coronavirus, stands next to an empty shelf at a supermarket in Lima, Peru, Monday, March 16, 2020. Peruvian President Martin Vizcarra has declared a state of emergency, ordering citizens to stay in their homes and temporarily suspending certain constitutional rights, to contain the spread of coronavirus. According to the World Health Organization, most people recover in about two to six weeks from the new coronavirus, depending on the severity of the illness. (AP Photo/Rodrigo Abd)
March 16, 2020 - 11:49 pm
The Latest on the coronavirus pandemic, which has infected more than 182,000 people and killed more than 7,100. The COVID-19 illness causes mild or moderate symptoms but most people, but severe symptoms are more likely in the elderly or people with existing health problems. More than 79,000 people...
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Health workers react as people applaud from their houses in support of the medical staff that are working in COVID-19 outbreak in Barcelona, Spain, Monday, March 16, 2020. Spain is restoring border controls and severely restricting who can enter the country. Interior Minister Fernando Grande-Marlaska announced Monday that from midnight only Spaniards or residents in Spain, people who work just across the border or who have a compelling need will be allowed through. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (AP Photo/Joan Mateu)
March 16, 2020 - 10:50 pm
MADRID (AP) — The battle to contain the coronavirus reached new urgency, as more governments locked down borders and ordered new closures and restrictions and pleas went out to funnel masks and ventilators to places struggling with soaring numbers of sick patients. The growing sense of crisis...
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Treasury Secretary Steve Mnuchin, second from left, speaks with members of the media as he departs a meeting with Senate Republicans on an economic lifeline for Americans affected by the coronavirus outbreak. on Capitol Hill in Washington, Monday, March 16, 2020. Standing with Mnuchin is White House chief economic adviser Larry Kudlow, right. (AP Photo/Patrick Semansky)
Associated Press
March 16, 2020 - 10:01 pm
WASHINGTON (AP) — With an urgency unseen since the Great Recession, Congress is rushing to develop a sweeping economic lifeline for American households and businesses suddenly capsized by the coronavirus outbreak. Democrats said at least $750 billion would be needed. And top White House officials...
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