Wells Fargo & Co will join other large U.S. banks in paying out special compensation to front-line employees, according to a memo seen by Reuters.
U.S. Treasury Secretary Steven Mnuchin said on Monday that Republican and Democratic senators and Trump administration negotiators were nearing a deal on a coronavirus stimulus bill.
The dollar eased on Tuesday but remained near a three-year high against a basket of currencies as investors sought the world's main funding and settlement currency ahead of a sharp anticipated fall in cashflow.
Fast food is canceled in Britain.
SoftBank Group Corp shares were untraded with a glut of buy orders on Tuesday after the company announced up to US$41 billion (£35.52 billion) in asset sales and a record share buyback to shore up its collapsing share price.
U.S. crude oil futures climbed nearly 3per cent on Tuesday in light trading as the Trump administration launched an effort to work with Saudi Arabia to stabilise oil prices.
Luxury retailer Neiman Marcus Group Inc is in talks with lenders to file for bankruptcy as it struggles to ease its US$4.3 billion debt load, Bloomberg reported on Monday, citing people familiar with the matter.
Asian stocks were set to rally on Tuesday as the U.S. Federal Reserve's sweeping pledge to spend whatever it took to stabilize the financial system eased debt market pressures, even if it could not offset the immediate economic hit of the coronavirus.
North American meat processors said on Monday they would pay extra money to farmers and slaughterhouse workers as the companies scramble to meet surging demand from consumers unnerved by the spread of the new coronavirus.
Liquidity at a US$2.2 billion prime money-market fund run by Northern Trust Corp fell below the key 30per cent U.S. regulatory threshold twice last week, but rebounded above that level after the U.S. Federal Reserve shored up the industry.
