(Bloomberg) -- Iran and South Korea reported hundreds more cases of coronavirus while unexplained infections in California, Oregon and Washington indicated the disease is spreading within the community on the U.S. West Coast.Iran reported another 205 cases, including five lawmakers, while the number
Australia will deny entry to all foreign nationals traveling from Iran due to the escalating outbreak of coronavirus in the Islamic republic, the government said on Saturday. Foreign nationals traveling from Iran to Australia would need to spend 14 days in another country from March 1, Health Minister
(Bloomberg) -- Activity in China’s manufacturing sector contracted sharply in February, with the official gauge hitting the lowest level on record, highlighting the devastating impact of the coronavirus on the economy and raising the risk of a worsening global stock rout.The manufacturing purchasing
(Bloomberg) -- Health officials confirmed three coronavirus cases in Mexico, all with mild symptoms and likely from the same source, according to remarks from a press conference late Friday.The first patient whose case was confirmed, a 35-year-old man, has been put in quarantine along with family members
The economic impact of the coronavirus outbreak is becoming evident, on the sharemarket, in workplaces and schools, and in cancelled public events.
US stock declined for a seventh straight session, with the three main indices recording their biggest weekly losses since the 2008 global financial crisis.
American consumers awoke this week to the coronavirus threat and are beginning to display a symptom of the illness seen in Asia and Europe - hoarding. "I'm buying some flu therapy and pain killers - If I wait until next week there may be nothing left," said Dean McKnight, a engineer in
(Bloomberg) -- Germany said it would intensify health checks for people coming into the country. Federal Reserve Chairman Jerome Powell said the U.S. central bank is prepared to cut interest rates. Amazon.com Inc. warned workers about travel, and Google canceled a conference in Las Vegas.Italy, the epicenter
China's official Purchasing Managers' Index is due on Saturday, and is expected to show the sharpest manufacturing contraction since the 2008 global financial crisis. What it won't show are the multiplier effects of chaos and fear in a globalized world. On top of that, collapsing confidence
South Africa's Competition Appeal Court has overturned a decision that a host of international banks cannot be fined if found guilty for alleged exchange rate rigging, the country's Competition Commission said on Friday. The watchdog has been investigating the case since 2015, but when it tried
(Bloomberg) -- China is slowly starting to get back to work, as it battles the coronavirus outbreak that has killed more than 2,600 people and sickened tens of thousands.Government controls and the fear of going outside have curtailed spending, and many factories are still not working at full capacity
(Bloomberg) -- The number of coronavirus cases in South Korea crossed 2,000. Japan is closing schools to limit the spread of the outbreak. New cases continue to appear outside of China with New Zealand and Lithuania reporting their first infections. Nigeria confirmed its first case, the first reported
(Bloomberg) -- Some of China’s state-owned and large private firms are in preliminary talks with banks to use bridge loans to refinance bonds under imminent repayment pressure, according to loan arrangers at four banks.The discussions about the popular form of interim financing have emerged as these
Image: Supplied * The ABC has revealed documents outlining Uber's plans for its Melbourne air service. * According to the report, the Uber Air helicopters will fly at an altitude of roughly 457 metres and up to 321 kilometres an hour. * A senior lecturer from RMIT explained why he believes the
Australians stocks have fallen by more than three per cent as ferocious selling dominated trading amid fears the coronavirus could spread out of control.
* New Zealand Prime Minister Jacinda Ardern tore into Australia's deportation policy in Sydney, while Scott Morrison stood directly beside her looking profoundly awkward. * The two normally chummy countries have clashed over Australia's policy of deporting NZ citizens, no matter how long they