• Australia’s Coronado to idle U.S. operations as virus trips global economic growth
    Financial Post - 56 seconds ago
    Coronado Global Resources said on Monday it will temporarily halt metallurgical coal output from its U.S. operations due the global economic fallout of the coronavirus pandemic but will meet its current commitments. Operations at its other mine in Australia, Curragh, which accounts for 65% of its output and earnings, will…
  • Trump backs off plan to reopen businesses by mid-April amid coronavirus warnings
    Financial Post - 3 minutes ago
    WASHINGTON/ LOS ANGELES — President Donald Trump on Sunday extended his stay-at-home guidelines until the end of April, dropping a hotly criticized plan to get the economy up and running by mid-April after a top medical adviser said more than 100,000 Americans could die from the coronavirus outbreak. The reversal…
  • Singapore cenbank eases policy as virus heralds deep recession
    Financial Post - 22 minutes ago
    SINGAPORE — Singapore’s central bank sharply eased its monetary policy on Monday, with the city-state’s bellwether economy bracing for a deep recession due to the coronavirus pandemic. The Monetary Authority of Singapore (MAS) said it would adopt a zero percent per annum rate of appreciation of the policy band starting…
  • Dollar slows slide as investors seek shelter amid pandemic crisis
    Financial Post - 34 minutes ago
    SINGAPORE — The dollar slowed its descent after a week of declines and the safe-haven yen edged ahead on Monday, as coronavirus lockdowns tightened across the world and investors braced for a prolonged period of uncertainty. In bumpy trade the dollar ran ahead early before settling back against the pound,…
  • Singapore cenbank eases policy as virus heralds deep recession
    Financial Post - 41 minutes ago
    SINGAPORE — Singapore’s central bank eased its monetary policy on Monday, as widely expected, with the city-state’s bellwether economy bracing for a deep recession due to the coronavirus pandemic. The Monetary Authority of Singapore (MAS) said it would adopt a zero percent per annum rate of appreciation of the policy…
  • Tegna says coronavirus outbreak weighs on sale talks
    Financial Post - 51 minutes ago
    Tegna Inc said on Sunday that two potential acquirers had ended deal discussions with the U.S. regional TV station operator following the “market dislocation” fueled by the global coronavirus outbreak. The two parties that informed Tegna they would no longer engage in negotiations were peer Gray Television Inc and private…
  • Boy puts most staff on furlough, cancels June dividend amid coronavirus
    Financial Post - 1 hour ago
    La-Z-Boy Inc said on Sunday it was putting 6,800 employees on furlough, cutting workers’ pay, scrapping its June dividend and ending its share repurchase plan indefinitely to conserve cash as it deals with the fallout from the coronavirus. The furniture maker, which said the furlough affected 70% of its workers,…
  • Japan to expand entry ban to include US, China, most of Europe -Asahi
    Financial Post - 1 hour ago
    TOKYO — Japan will expand its entry ban to include citizens traveling from the United States, China, South Korea and most of Europe amid a rapid spread of the coronavirus pandemic, the Asahi newspaper reported on Monday. The government may also ban entry from and travel to some countries in…
  • ‘No farewells, no ceremonies’: China’s Hubei cremates coronavirus dead
    Financial Post - 1 hour ago
    JINGZHOU — Ten unclaimed urns sit in the crematorium in Jingzhou, a city in central China’s Hubei province hard-hit by coronavirus. Not only are funerals banned across China, in places like Jingzhou bereaved relatives who are stuck in their homes must wait even to retrieve the remains of their loved…
  • Australia curbs gatherings, locks down travelers, in new coronavirus measures
    Financial Post - 1 hour ago
    SYDNEY — Australia’s most populous states will restrict public gatherings to two people from midnight, state leaders said on Monday, as part of a wave of new measures designed to slow the spread of coronavirus which has infected more than 4,000 across the country. The neighboring eastern states of New…