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Stocks post worst quarter since 2008 financial crisis

The first quarter of 2020 ended with a whimper — with the Dow Jones Industrial Average, SP 500 and NASDAQ posting their worst quarter in decades — as the COVID-19 pandemic continues to cause uncertain

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Dining and takeout startup Allset raises $8.25M as it adapts to life under lockdown

Even though this might seem to be the absolute worst time to try to round up funding for a restaurant-related startup, Allset is announcing that it’s raised an $8.25 million Series B.It was not,

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Los Angeles-based challenger bank HMBradley officially opens its virtual doors

The Los Angeles-based digital challenger bank, HMBradley, opened its virtual doors to the public today, allowing the thousands of waitlisted would-be users to set up direct deposits and collect their

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Global Business Daily: EasyJet grounded, UBS dividend, Swedish bailout

"We are working tirelessly to ensure that easyJet continues to be well positioned to overcome the challenges of coronavirus."The words of easyJet CEO Johan Lundgren may be reassuring to travelers who

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Silver linings emerge in Asia amid global recession fears

Market observers have pointed to silver linings in Asia even as markets worldwide fluctuated in the past weeks from a virus pandemic as well as plunging oil prices.Asian economies with closer trad

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U.S. Fed aims 'bazooka' at coronavirus to backstop economy

The U.S. Federal Reserve on Monday mounted an extraordinary new array of programs to offset the "severe disruptions" to the economy caused by the coronavirus outbreak,

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Greek economy heading for zero growth in 2020 due to coronavirus: central bank

The Greek economy is heading to zero growth for 2020, Bank of Greece Governor Yannis Stournaras said in a report on Friday, in the wake of the measures rolled out to c

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South Korean, Japanese central banks buy gov't bonds

The Bank of Japan. /VCG Central banks in South Korea and Japan on Thursday announced bond buying plans to help douse the volatility in the local markets affected by fears surrounding the COVID

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Borders shut in several Asia-Pacific countries, S. Korea unveils "unprecedented" aid package

Medical workers walk at a hospital in Daegu, South Korea, March 15, 2020. (Photo by Lee Sang-ho/Xinhua) Several countries have closed their borders as confirmed cases are increasing rapidly in the As

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Italy to push further measures to help economy amid outbreak: PM

Italy is ready to roll out a stimulus plan, since current measures have so far not been sufficient enough to support the country's economy, Italian Prime Minister Giuseppe Conte said on Monday. "D

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Clobbered by coronavirus econ news? Here’s an in-depth, 90 day rewind

There’s just been a torrent of economic news since the first identification of patients with COVID-19 in Wuhan, China in early December 2019 until the declaration of a global pandemic by the World Hea

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Can history shed light on Wall Street's coronavirus panic?

Black Monday returned after 32 years when the Dow Jones industrial average ended the opening day down more than 2,000 points and Wall Street triggered an automated circuit breaker that put trading

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COVID-19 in Europe: Daily bulletin, 10 March

TOP HEADLINES- Italy wakes up in full-country lockdown with schools and universities closed as prime minister Giuseppe Conte announces country's "darkest hour"- Worldwide death toll passes 4,000, wit

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COVID-19 means the world economy may be in for a long slog

First, COVID-19 triggered fear and panic among consumers in some countries. Now the financial markets seem just as rattled.As a result, experts say chances of a global recession in 2020 are increa

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Roundup: Tokyo stocks bounce back to close higher on stimulus hopes, yen's retreat

File Photo: An electronic board showing the closing numbers of Nikkei Stock Average in Tokyo, Japan, on March 6, 2020. (Xinhua/Du Xiaoyi)Tokyo stocks rebounded from an earlier sell-off to close high

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Dow closes down over 2,000 points amid oil shock

U.S. stocks plunged on Monday with the Dow closing down more than 2,000 points amid anxieties over a possible all-out oil price war and economic slowdown from the spre

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COVID-19 in Europe: Daily bulletin

TOP HEADLINES- Six die in COVID-19 prison riots as Italy bans family visits.- Romania shut down all schools and suspend all flights to Italy.- UK health minister says fourth person has died from the