Asian shares sought a reprieve on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though a panicked rush into U.S. dollars suggested the crisis was far from done.
Walt Disney Co , JPMorgan Chase & Co and United Parcel Service Inc were among seven major U.S. companies that accepted a big rise in their borrowing costs to issue bonds on Thursday, as the coronavirus outbreak roiled credit markets.
The bank said it will deal with giving relief in each situation on a 'case-by-case' basis.
China's aviation regulator has asked airlines to cut international flights and ordered some Beijing ones to be rerouted, as the country grapples with a rising number of imported coronavirus cases, especially in the capital.
Boeing Co is leaning toward a temporary work stoppage at its twin-aisle jetliner factories due to the spread of coronavirus, people familiar with the matter said on Thursday, echoing a similar move by European rival Airbus SE .
The board of French carmaker Renault will meet on Friday to discuss the coronavirus outbreak and its effect on operations, three sources close to the company said.
Dunkin' Brands Group Inc on Thursday said it will ease royalty and advertising fee payments for franchisees in the United States and Canada, while McDonald's Corp is in talks to reduce some payments for franchisees.
By Barbara Goldberg, Nate Raymond, Jessica Resnick-Ault and Lucy Nicholson
Tesla Inc on Thursday ended a standoff with local California authorities concerned about the spread of the coronavirus, saying it will suspend production at its San Francisco Bay Area vehicle factory on March 24.
On St. Patrick's Day last year, Amy and Chris Hillyard marked the 30th anniversary of Farley's, their pair of cafes in San Francisco and Oakland, California, with live bagpipes and noisy crowds.
Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus.
Latin America's largest carrier on Thursday cut the salaries of its 43,000 workers as Panama and Colombia imposed the toughest regional travel bans yet - a month of no international travel - to weather the coronavirus crisis.
French luxury goods maker LVMH , which last year agreed to buy Tiffany & Co for $16.2 billion, is considering buying shares of the U.S. jeweler for less on the open market, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-03-19/lvmh-is-said-to-consider-buying-tiffany-shares-on-open-market on Thursday, citing people familiar with the matter.
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon's recovery from recent heart surgery is going well and the face of the U.S. banking industry could be back to work as soon as mid-April, a source said on Thursday.
Brazil's coronavirus death toll rose to seven on Thursday, including the first fatalities in tourist hotspot Rio de Janeiro, as Latin America's largest nation closed more borders to visitors and the foreign minister waded into a diplomatic spat with China.