JPMorgan commits $50 million to businesses, people affected by coronavirus

NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) said on Wednesday that it committed $50 million to funds and community groups that are providing food, support and medical supplies for people in the United States, Europe and Asia affected by the cornavirus. The largest U.S. bank is initially giving $15 million to groups coping with the disease’s impact on […]

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Coronavirus: Argentina felt like a virus-free bubble – before panic set in

There must be places around the world that are ‘coronavirus free’ bubbles.  Places where not only are there no infections, but where people aren’t worried, where it’s not the immediate first topic of conversation, where loo roll is plentiful and there isn’t a face mask in sight. Until just a few days ago I felt I was in such a […]

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Man suffers serious injuries after shooting in St. Catharines: police

Police in St. Catharines are investigating an evening shooting that sent a man to hospital with serious injuries, according to Niagara police. Investigators say officers were called around 6:30 p.m. Tuesday to a “multi-unit” residence near Niagara and Church streets after a report of a shooting. A man with a gunshot wound was subsequently sent to an out-of-town trauma centre, […]

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Trump shock: Why Nancy Pelosi could be poised to REPLACE US President

One of the precautions announced by President Donald Trump this week was to avoid gatherings of over ten people and elections often require more than this number to be in one place. Mr Trump and his two potential Democratic rivals Joe Biden and Bernie Sanders have all cancelled large rallies. What’s more, election day often sees long queues of people […]

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U.S. crude hits 17-year low as lockdowns, restrictions spread

LONDON (Reuters) – Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand. U.S. crude Clc1 was down $1.15 cents, or 4.27%, at $25.80 per barrel by 0938 GMT, having earlier fallen to $25.68, its lowest since […]

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MORNING BID-Governments aim their bazookas

A look at the day ahead from senior markets correspondent Saikat Chatterjee. The views expressed are his own. Bazooka time! After coming under fire for being slow to respond to what is an effectively a simultaneous demand and supply shock to the global economy, governments across the world are rushing to roll out massive stimulus, adding to the monetary firepower […]

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Russia feeding disinformation about coronavirus to sow panic in West: EU document

BRUSSELS (Reuters) – Russian media have deployed a “significant disinformation campaign” against the West to worsen the impact of the coronavirus, generate panic and sow distrust, according to a European Union document seen by Reuters. “A significant disinformation campaign by Russian state media and pro-Kremlin outlets regarding COVID-19 is ongoing,” the internal document, dated March 16, said. “The overarching aim […]

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Stocks, oil sliding again in 'irrevocably changed' markets

LONDON/TOKYO (Reuters) – Global stocks stumbled back into the red on Wednesday with Wall Street futures pointing to more losses ahead as fears over the coronavirus fallout eclipsed large-scale support measures rolled out by policymakers around the globe. Some traditional safe-haven assets such as gold were also under pressure as battered investors looked to unwind their damaged positions. Oil prices […]

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