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Stocks jump as virus deaths slow; oil falls on OPEC+ delay

World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some of the world's hot spots, while a delay in talks between Saudi Arabia and Russia to cut supply sent oil prices tumbling again.


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Posted 2020/04/06 17:15:21

Top English health official confident working antibody test will be found

Britain is confident of developing antibody tests for immunity to the coronavirus and health officials are not discouraged by the ineffectiveness of early tests that have been assessed, England's Chief Medical Officer Chris Whitty said on Monday.


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Posted 2020/04/06 17:00:18

White House, experts clash over use of drug for coronavirus

White House trade adviser Peter Navarro on Monday acknowledged that members of the task force dealing with the coronavirus crisis clashed over the efficacy of the malaria drug, hydroxychloroquine, for use against the disease.


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Posted 2020/04/06 16:56:29

U.S. consumers fear for jobs, debt payments due to coronavirus: NY Fed survey

The economic toll of the coronavirus pandemic hit home for Americans last month, as consumers braced for job losses, anticipated spending cuts and grew more pessimistic about their ability to cover their bills, according to data released by the Federal Reserve Bank of New York on Monday.


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Posted 2020/04/06 16:46:04

UK needs to know lockdown is working before next steps discussed: government adviser

Britain needs to know how well its current lockdown measures are working in tackling the coronavirus outbreak before it can discuss what happens next, the government's deputy chief scientific adviser Angela McLean said on Monday.


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Posted 2020/04/06 16:33:26

Scramble for masks as Italian region orders coronavirus cover-up

Residents in Lombardy, the Italian region worst hit by the coronavirus, have been forced to scrounge scarce protective face masks or to improvise solutions of their own after authorities ordered anyone moving outside to cover their nose and mouth.


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Posted 2020/04/06 15:11:25

White House considering U.S. Treasury coronavirus bond: Kudlow

White House advisers have been discussing the possibility of a coronavirus-related U.S. Treasury bond, President Donald Trump's economic adviser Larry Kudlow said on Monday.


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Posted 2020/04/06 15:08:13

Boris Johnson in hospital with persistent COVID-19 symptoms but still working

British Prime Minister Boris Johnson was undergoing hospital tests on Monday after suffering persistent coronavirus symptoms for more than 10 days, but the government said he was in good spirits and still in charge.


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Posted 2020/04/06 13:40:34

English coronavirus death toll rises 403 to 4,897, health service says

England's hospital death toll from the coronavirus rose by 403 to 4,897, the National Health Service said.


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Posted 2020/04/06 13:40:34

Wall Street opens higher on coronavirus slowdown hopes

U.S. stocks opened higher on Monday, after President Donald Trump expressed hope that the coronavirus health crisis was "leveling-off" in some of the hardest-hit U.S. states.


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Posted 2020/04/06 13:38:39

Testing times for India in race to head off coronavirus epidemic

India, like a lot of countries plunged into crisis by the pandemic, is struggling to ramp up testing for the coronavirus, but in few places would the odds of containing the disease appear so bleak should domestic transmission start to multiply.


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Posted 2020/04/06 13:05:38

Japan to declare coronavirus emergency, launch stimulus of almost $1 trillion: PM

Japan is to impose a state of emergency in Tokyo and six other prefectures as early as Tuesday to contain the coronavirus, while the government prepares a $990 billion stimulus package to soften the economic blow.


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Posted 2020/04/06 13:04:17

Stocks jump on virus hopes, oil hit by OPEC+ delay

World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases, though a delay in talks between Saudi Arabia and Russia to cut supply sent oil tumbling again.


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Posted 2020/04/06 12:57:20

Canada, U.S. farms face crop losses due to foreign worker delays

Mandatory coronavirus quarantines of seasonal foreign workers in Canada could hurt that country's fruit and vegetable output this year, and travel problems related to the pandemic could also leave U.S. farmers with fewer workers than usual.


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Posted 2020/04/06 12:18:20

Pope opens Holy Week amid pandemic; says now is the time to serve

Pope Francis marked a surreal Palm Sunday in an empty St. Peter's Basilica, urging people living through the coronavirus pandemic not to be so concerned with what they lack but how they can ease the suffering of others.


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Posted 2020/04/06 11:19:55

American joins United, others in suspending more NYC flights on coronavirus spike

American Airlines Group Inc said late Sunday it would suspend more flights in and out of New York City's three main airports for about a month, joining other airlines that have cut flights to the area following a spike in coronavirus cases.


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Posted 2020/04/06 10:54:13

Japan PM to declare state of emergency of up to 6 months: media

Japan will declare a state of emergency as early as Tuesday in a bid to stop the coronavirus, media reported, with the government preparing a stimulus package to soften the blow on an economy already struggling to avoid a recession.


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Posted 2020/04/06 08:21:18

As Germany reels from coronavirus, some officials debate impact on banks

As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will be able to weather the economic fallout of coronavirus without state help.


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Posted 2020/04/06 08:20:13

Stocks jump on virus slowdown hopes, but oil slips on oversupply

Stocks jumped on Monday as investors were encouraged by a slowdown in coronavirus-related deaths and new cases, while oil prices skidded after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive.


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Posted 2020/04/06 07:53:30

British PM Johnson still in hospital with persistent coronavirus symptoms

British Prime Minister Boris Johnson was in hospital in London for tests on Monday suffering persistent coronavirus symptoms 10 days after testing positive for the virus, but Downing Street said he remained in charge of the government.


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Posted 2020/04/06 07:39:48