Bank of America says customers impacted by coronavirus may be able to defer mortgage payments
The bank said it will deal with giving relief in each situation on a 'case-by-case' basis.
The bank said it will deal with giving relief in each situation on a 'case-by-case' basis.
Walt Disney Co , JPMorgan Chase & Co and United Parcel Service Inc were among seven major U.S. companies that accepted a big rise in their borrowing costs to issue bonds on Thursday, as the coronavirus outbreak roiled credit markets.
Asian shares sought a reprieve on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though a panicked rush into U.S. dollars suggested the crisis was far from done.
Latin America's major airlines sharply curtailed international flights on Thursday because of the coronavirus outbreak as Panama and Colombia imposed month-long travel bans and the largest carrier cut the salaries of 43,000 employees.
Luxury automaker Jaguar Land Rover said late on Thursday it would temporarily suspend production at its UK manufacturing facilities from next week to curb the coronavirus' spread.
Confirmed coronavirus cases in Brazil surged past 600 on Thursday, more than doubling in two days, as a diplomatic spat over the disease's origins between President Jair Bolsonaro's son and the Chinese ambassador threatened relations with Brazil's top trading partner.
From Brazil to Norway, policymakers are leaping to defend currencies against the onslaught of the dollar which scaled three-year peaks on Thursday, raising speculation that a joint move by the world's biggest central banks may be in the offing.
Bentley will stop car production at its British factory from the end of Friday for four weeks over the coronavirus outbreak, one of the final automakers in Britain to announce such plans.
Asian shares staged a rare rally on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though the panicked rush into U.S. dollars suggested the crisis was far from done.
U.S crude oil prices edged higher on Friday, extending gains after a 24% jump the previous day, buoyed by hints from U.S. President Donald Trump he may intervene in the price war between Saudi Arabia and Russia at an "appropriate time."
Big-box retailer Walmart Inc said on Thursday it would hire more than 150,000 hourly workers in the United States, citing a jump in shoppers due to the coronavirus pandemic.
The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, industry officials said.
German fashion house Hugo Boss on Wednesday scrapped the outlook it gave for 2020 results less than two weeks ago and took action to protect its cash balance, suspending store renovations and new openings and limiting the inflow of stock.
Oil prices surged as much as nearly 20% on Thursday, bouncing back from days of heavy losses in a relief rally that may yet be short-lived, analysts warned, but which was stoked by economic stimulus efforts to ward off a global coronavirus recession.
The dollar surged, bonds plunged and global markets struggled to find their footing on Thursday as the European Central Bank's latest promise of stimulus provided only brief solace while the world struggles to contain the coronavirus pandemic.