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Business group leaders urge Americans not to overreact to COVID-19 epidemic

Business group leaders urge Americans not to overreact to COVID-19 epidemic

2020-03-05 05:32

Leaders of several influential U.S. business groups urged American businesses and consumers not to overreact to or panic about COVID-19 epidemic.

Dow closes up more than 1,100 points

Dow closes up more than 1,100 points

2020-03-05 05:10

U.S. stocks surged on Wednesday with the Dow closing up more than 1,100 points.

S.Koreas online shopping posts double-digit growth in January

S.Korea's online shopping posts double-digit growth in January

2020-03-04 16:21

South Korea's online shopping posted a double-digit growth in January due to strong demand for face masks and hand sanitizers.

S.Koreas lending growth to services industry hits record high in Q4

S.Korea's lending growth to services industry hits record high in Q4

2020-03-04 15:01

South Korean deposit-takers' lending to the services sector hit the fastest growth in the fourth quarter last year.

S.Koreas foreign reserves post first reduction in 6 months

S.Korea's foreign reserves post first reduction in 6 months

2020-03-04 14:29

South Korea's foreign currency reserves posted the first reduction in six months.

S.Korea unveils 9.8 bln USD extra budget to boost consumption over COVID-19

S.Korea unveils 9.8 bln USD extra budget to boost consumption over COVID-19

2020-03-04 12:25

South Korea unveiled 11.7 trillion won worth of extra budget on Wednesday to boost private consumption.

EU poised for stimulus amid COVID-19 risks

EU poised for stimulus amid COVID-19 risks

2020-03-04 12:17

The announcement of rate cut from several major central banks in the world has pushed policymakers in the EU one step further towards stimulus.

U.S. crude oil inventories up last week: API

U.S. crude oil inventories up last week: API

2020-03-04 11:19

The API reported an increase of 1.7 million barrels of crude oil in the U.S. crude oil inventories for the week ending Feb. 28.

Feds official says COVID-19 outbreak weighs on U.S. economic growth

Fed's official says COVID-19 outbreak weighs on U.S. economic growth

2020-03-04 09:43

The ongoing COVID-19 outbreak "will weigh on U.S. economic growth at least during the first half of this year.

Biden projected to win Virginia Democratic primary, Sanders to take Vermont

Biden projected to win Virginia Democratic primary, Sanders to take Vermont

2020-03-04 08:16

Former U.S. Vice President Joe Biden is projected to win Virginia's Democratic primary, while Senator Bernie Sanders will take home state Vermont.

U. S Fed cuts rate by 50 basis points amid COVID-19 concerns

U. S Fed cuts rate by 50 basis points amid COVID-19 concerns

2020-03-04 05:42

The U.S. Federal Reserve, in a surprise move, lowered the target range for the federal funds rate by 50 basis points on Tuesday.

U.S. Fed cuts rate by 50 basis points amid COVID-19 concerns

U.S. Fed cuts rate by 50 basis points amid COVID-19 concerns

2020-03-04 02:04

The U.S. Federal Reserve lowered the target range for the federal funds rate by 50 basis points to 1 to 1.25 percent.

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