[ad_1] WASHINGTON (Reuters) – Some countries’ banking systems might have to be recapitalized or even restructured, if their economies are severely handicapped by prolonged disruption from the coronavirus outbreak, officials at the International Monetary Fund
U.S. backs minimum flights on airline routes in assistance review
[ad_1] WASHINGTON (Reuters) – The U.S. Transportation Department on Tuesday proposed that passenger airlines should be required to maintain minimum numbers of flights as a condition for receiving aid from the government’s $50 billion grant
Dow sinks, virus pushes it to sharpest quarterly plunge in over three decades
[ad_1] (Reuters) – Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial crisis on
U.S. offers to lift Venezuela sanctions for power-sharing deal, shifting policy
[ad_1] WASHINGTON (Reuters) – The Trump administration on Tuesday offered to begin lifting Venezuela sanctions if the opposition and members of President Nicolas Maduro’s Socialist Party form an interim government without him, marking a shift
Trump completes rollback of Obama-era vehicle fuel efficiency rules
[ad_1] WASHINGTON (Reuters) – President Donald Trump’s administration on Tuesday completed a rollback of vehicle emissions standards adopted under his predecessor Barack Obama and will require 1.5% annual increases in efficiency through 2026 – far
Garment exporter Bangladesh faces $6 billion hit as world retailers cancel orders
[ad_1] DHAKA (Reuters) – Bangladesh, the second-largest apparel producer after China, is set to lose roughly $6 billion in export revenue this financial year amid cancellations from some of the world’s largest brands and retailers,
Oil steady on U.S.-Russia energy talks but still near 18-year lows
[ad_1] NEW YORK (Reuters) – Oil prices steadied on Tuesday, with the U.S. crude benchmark climbing off 18-year lows after U.S. President Donald Trump and Russian counterpart Vladimir Putin agreed to talks on stabilizing energy
Global stocks edge higher, but on pace for worst quarter since 2008
[ad_1] NEW YORK (Reuters) – Global stock markets edged higher on Tuesday as investors assessed the economic damage from the coronavirus pandemic, while the MSCI benchmark of world equities was on pace to finish its
Indian bonds rally on new foreign investment category; borrowing plan may disappoint
[ad_1] MUMBAI (Reuters) – Indian bonds rallied on Tuesday after the central bank announced a new category for foreign investors, while hopes of a reduction in April’s borrowing or cancellation also helped sentiment ahead of
S&P 500 set for worst first quarter since 1938
[ad_1] (Reuters) – Wall Street was set to open lower on Tuesday, with the S&P 500 headed for its worst first quarter since 1938 as evidence grew of the scale of the damage caused by