By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – Equity markets around the world rose on Monday as speculation that central banks will cut interest rates to soften the economic blow of the coronavirus heartened investors and drove U.S. government debt yields to record lows. Factories took a beating in February from the new […]
WASHINGTON (Reuters) – Japanese automaker Nissan Motor Co <7201.T> said Thursday it will extend a shutdown of U.S. manufacturing plants until mid-May, citing the ongoing impact of the COVID-19 pandemic. Nissan said earlier it was temporarily laying off about 10,000 U.S. hourly workers effective April 6. Subaru Corp <7270.T> said Tuesday it plans to restart […]
By Matt Scuffham and Pete Schroeder NEW YORK/WASHINGTON (Reuters) – The U.S. Federal Reserve said on Tuesday it would reinstate a funding facility used during the 2008 financial crisis to get credit directly to businesses and households as fears over a liquidity crunch due to the coronavirus have grown in recent days. The reintroduction of […]
