Lockdown amid a coronavirus disease (COVID-19) outbreak in New Delhi

Swiss announce $32.6 billion aid deal as virus puts nation’s ‘back against wall’

By John Revill ZURICH (Reuters) – Switzerland announced a new 32 billion Swiss franc ($32.56 billion) aid package to support companies and workers hit by the widening coronavirus outbreak which has pushed the country into “drastic measures”. The government also banned gatherings of more than five people as it ramped up its response to the […]

Oil mixed as virus fears, U.S. stock build face talk of further OPEC cuts

By Laila Kearney NEW YORK (Reuters) – Oil prices were mixed on Wednesday as worries about the coronavirus outbreak and swelling U.S. crude inventories weighed on prices, counter-balanced by talk that OPEC could extend oil output cuts. Brent crude <LCOc1> rose 30 cents, or 0.5%, to settle at $59.81 per barrel. U.S. crude <Clc1> ended […]

Fed will continue repo offerings into February, reducing term operations

By Jonnelle Marte (Reuters) – The Federal Reserve Bank of New York said on Tuesday it will continue to inject liquidity into the overnight lending markets for cash until at least mid-February while slightly reducing offerings on longer term loans.The U.S. central bank will modestly pare down the overall scale of the operations after boosting […]