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Updated: 4 hours 53 min ago

Big U.S. banks halt stock buybacks, citing customer needs during coronavirus

Sun, 03/15/2020 - 7:16pm
The United States' biggest banks will stop buying back their own shares, and will instead use that capital to lend to individuals and businesses affected by the coronavirus, an industry trade group said on Sunday.

Instant View: Fed cuts rates to buffer economy from coronavirus

Sun, 03/15/2020 - 7:12pm
The Federal Reserve cut interest rates for the second time in less than two weeks on Sunday in an emergency move to help shore up the U.S. economy amid the rapidly accelerating global coronavirus pandemic.

Colombia will block entry by all non-residents, close schools from Monday to stop coronavirus

Sun, 03/15/2020 - 7:09pm
Colombia will block entry to travelers who are not residents or citizens and will close schools and universities from Monday in a bid to control the outbreak of coronavirus, President Ivan Duque said on Sunday.

Stocks plunge as Fed's emergency rate cut fails to calm panic

Sun, 03/15/2020 - 6:49pm
Stock markets and the dollar fell heavily on Monday, after emergency rate cuts in the United States and New Zealand failed to allay fears about the coronavirus' economic shock.

Under water? Banks play home loan lottery as insurers bail out

Sun, 03/15/2020 - 6:43pm
Only a year after losing their homes to floods in parts of Australia's north eastern coast of Queensland, people are moving into new houses built on or near the same plots.

Italy's coronavirus toll surges as worries grow over hospitals

Sun, 03/15/2020 - 6:39pm
Italy recorded 368 more deaths from the coronavirus outbreak on Sunday, its biggest one day rise, amid growing concern about the ability of its strained health system to cope with the relentless increase in new cases.

The plumbing behind world's financial markets is creaking. Loudly

Sun, 03/15/2020 - 6:37pm
The coronavirus panic is jolting stock markets, with steep drops in major indexes grabbing the public’s attention. But behind the scenes, there is less understood and potentially more worrying evidence that stress is building to dangerous levels in crucial arteries of the financial system.

Germany tries to halt U.S. interest in firm working on coronavirus vaccine

Sun, 03/15/2020 - 6:31pm
Berlin is trying to stop Washington from persuading a German company seeking a coronavirus vaccine to move its research to the United States, prompting German politicians to insist no country should have a monopoly on any future vaccine.

Argentina to close borders for non-residents to combat coronavirus

Sun, 03/15/2020 - 6:26pm
Argentina will close its borders for 15 days to non-residents in order to combat the spread of coronavirus, President Alberto Fernandez said on Sunday.