Tag Archives: Economic News (3rd Party)

U.S. suspends travel from Europe as coronavirus forces Italy to tighten lockdown

U.S. suspends travel from Europe as coronavirus forces Italy to tighten lockdown

WASHINGTON/GENEVA (Reuters) – U.S. President Donald Trump said the United States will suspend all passenger travel from continental Europe on Friday to limit the spread of the coronavirus after the outbreak was formally declared a pandemic, sending global markets into a tailspin. Trump announced the travel ban on live television …

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U.S. health insurers to waive some fees, extend coronavirus coverage, Pence says

U.S. health insurers to waive some fees, extend coronavirus coverage, Pence says

WASHINGTON (Reuters) – Private U.S. health insurers agreed to extend coronavirus treatment coverage in all of their plans and waive co-payment fees for testing, Vice President Mike Pence said on Tuesday, as the White House came under growing pressure to help those hurt by the outbreak. The number of cases …

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Top U.S. public health official expects coronavirus outbreak to worsen

Top U.S. public health official expects coronavirus outbreak to worsen

WASHINGTON (Reuters) – The U.S. coronavirus outbreak is likely to get worse, the country’s top public health official said on Tuesday, and Americans should assess their personal circumstances when deciding whether to cancel travel plans or avoid public gatherings. A man wearing a mask to protect against coronavirus takes pictures …

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Investor fears rise over recession, bear market as coronavirus spreads in U.S.

Investor fears rise over recession, bear market as coronavirus spreads in U.S.

NEW YORK (Reuters) – The words “bear market” and “recession” are being used with increasing frequency as investors try to assess how badly the coronavirus outbreak will damage global growth and to what extent it could further weigh on asset prices. FILE PHOTO: A person wearing a face mask walks …

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China January-February exports tumble, imports slow as coronavirus batters trade and business

China January-February exports tumble, imports slow as coronavirus batters trade and business

BEIJING (Reuters) – China’s exports contracted sharply in the first two months of the year, and imports slowed, as the health crisis triggered by the coronavirus outbreak caused massive disruptions to business operations, global supply chains and economic activity. FILE PHOTO: Containers are seen at Yantian port in Shenzhen, Guangdong …

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Fed quarantines U.S. dollars repatriated from Asia on coronavirus caution

Fed quarantines U.S. dollars repatriated from Asia on coronavirus caution

WASHINGTON (Reuters) – The greenback faces the same fate as many travelers returning home from China and other coronavirus hot spots. A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration The U.S. Federal Reserve has begun quarantining physical dollars that it repatriates from Asia …

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Washington pledges $1 billion for coronavirus vaccine as pandemic risks grow

Washington pledges $1 billion for coronavirus vaccine as pandemic risks grow

BEIJING/WASHINGTON (Reuters) – U.S. President Donald Trump will seek $2.5 billion from Congress to fight the coronavirus epidemic and U.S. and South Korean militaries are considering scaling back joint training as the virus spreads in Europe and the Middle East. A man wearing a face mask rides a bicycle in …

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China reports fewer coronavirus cases outside epicenter, cases surge in South Korea

China reports fewer coronavirus cases outside epicenter, cases surge in South Korea

SHANGHAI/SEOUL (Reuters) – China reported another fall in the new coronavirus infections outside of its epicenter on Sunday, but world health officials warned it was too early to make predictions about the outbreak as new infections and fears of contagion increased elsewhere. A girl wearing a face mask plays with …

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Global central bankers scour shopping malls, manufacturers for coronavirus playbook

Global central bankers scour shopping malls, manufacturers for coronavirus playbook

WASHINGTON/RIYADH/FRANKFURT – (Reuters) – In the days after a new virus was identified in China on Dec. 31, global central bankers fell back on past experience for a comforting early analysis. FILE PHOTO: A man wearing a face mask walks past a shop of a French luxury cosmetic brand Lancome …

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Xi says China must keep economic, social order while battling coronavirus

Xi says China must keep economic, social order while battling coronavirus

SHANGHAI/BEIJING (Reuters) – China must make every effort to maintain economic and social control as it battles the coronavirus epidemic, and avoid causing panic that could lead to secondary “disasters,” President Xi Jinping told senior officials earlier this month. FILE PHOTO: Chinese President Xi jinping speaks during a meeting with …

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