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Markets

Mnuchin: Negotiators ‘very close’ to deal on coronavirus stimulus

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.

Markets

Dollar near three-year peak amid mad cash scramble

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.

Markets

Fast food closures sweep UK, as even drive-thrus deemed unsafe

Fast food is canceled in Britain.

Markets

SoftBank shares untraded with glut of buy orders after buyback announcement

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.

Markets

Crude oil futures rise, but support seen weak

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.

Markets

Neiman Marcus in bankruptcy talks with lenders: Bloomberg Law

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.

Markets

Asia stocks set to rally as Fed goes limitless

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.

Markets

As coronavirus fuels meat demand, processors raise pay for North American farmers, workers

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.

Markets

Fed’s money market move lifts Northern Trust fund above key threshold

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.

Markets

Twitter ad sales hit by coronavirus but active users soar

Twitter Inc pulled its first-quarter revenue outlook and forecast an operating loss on Monday as the coronavirus outbreak crimped ad sales, but said the pandemic boosted the number of active users on the microblogging platform.

Markets

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