Asian shares grind higher, virus risks block the way

SYDNEY (Reuters) – Asian shares rallied for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook. Wall Street seemed to find relief in the strong performance of former Vice President Biden in

Oil rises more than 1% on smaller-than-expected rise in crude stocks

SINGAPORE (Reuters) – Oil prices rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States, although the gains were capped by uncertainties over cuts by major oil producers. Brent crude rose by 78 cents, or 1.5%,

IMF chief says coronavirus erases hopes for stronger growth in 2020

WASHINGTON (Reuters) – The global spread of the novel coronavirus has crushed hopes for stronger growth this year and will hold 2020 global output gains to their slowest pace since the 2008-2009 financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday. The IMF now expects 2020 world

IMF chief says coronavirus erases hopes for stronger growth in 2020

WASHINGTON (Reuters) – The global spread of the novel coronavirus has crushed hopes for stronger growth this year and will hold 2020 global output gains to their slowest pace since the 2008-2009 financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday. The IMF now expects 2020 world

United Airlines cuts flights, freezes hiring on coronavirus-hit demand

CHICAGO (Reuters) – United Airlines Holdings Inc (UAL.O) is slashing its flying schedule and implementing a series of cost-cutting measures in some of the most drastic actions by a U.S. airline to date as the spreading coronavirus has depressed air travel demand. The steps followed a meeting between U.S. President

Wall Street jumps as Biden takes the lead

NEW YORK (Reuters) – Wall Street surged on Wednesday as former Vice President Joe Biden’s strong showing in the “Super Tuesday” primary contests gave a boost to healthcare stocks and upbeat economic data helped sooth investors’ coronavirus anxieties. All three major U.S. stock averages were at least 2.5% higher, with

Millions could claim cash back from no-win, no-fee traffic accident firms

More than two million people could have a valid claim against no-win, no-fee law firms. That's after a series of court cases found many of the firms – which sue people on your behalf in exchange for a cut of your payouts – have been unfairly overcharging customers. Over the