United States

Wednesday, March 25th 2020 - 08:24 UTC
On request from Trump, South Korean medical equipment and expertise to fight coronavirus

South Korea said it will send medical equipment to the United States to fight the coronavirus if it has any spare after an urgent request from US President Donald Trump in which he promised to help Korean firms gain US government approval.
Wednesday, March 25th 2020 - 07:52 UTC
Trump wants to loosen the economy's lockdown by Easter: “US is not built to shut down”

President Donald Trump announced on Tuesday he wants to loosen the coronavirus lockdown in the United States and restart the economy within three weeks, calling social distancing measures too disruptive.
Thursday, March 19th 2020 - 08:23 UTC
Mnuchin denies potential US unemployment of 20% but considers a US$ 2.000 stimulus check to every American

Treasury Secretary Steven Mnuchin on Wednesday vowed that unemployment would not reach 20%, seeking to clarify comments he made a day earlier on a worst-case economic scenario resulting from the coronavirus pandemic.
Thursday, March 19th 2020 - 08:21 UTC
Oil prices collapse below US$ 30 a barrel and could drop to US$ 20, Goldman Sachs estimates

U.S. oil prices reached their lowest point since 2003 on Wednesday as the coronavirus has reduced demand in countries around the world. The prices fell for a third session, with U.S. crude Clc1 reaching US$ 25.06 per barrel, the lowest prices since late April 2003. As of 11:35 GMT, U.S. crude Clc1 hit US$1.51 cents or 5.6 percent at US$ 25.44 per barrel.
Tuesday, March 17th 2020 - 08:21 UTC
Several officials tested coronavirus positive after Trump/Bolsonaro meeting in Mar-a-Lago resort

Brazilian Foreign Trade Secretary Marcos Troyjo, who was part of the Brazilian delegation that recently visited Florida, has tested positive for the coronavirus, his office said in a statement on Monday.
Tuesday, March 17th 2020 - 08:15 UTC
Trump urges to halt social activities for 15 days and not congregate in groups larger than ten people

President Donald Trump urged Americans on Monday to halt most social activities for 15 days and not congregate in groups larger than 10 people in a newly aggressive effort to reduce the spread of the coronavirus in the United States.
Monday, March 16th 2020 - 11:19 UTC
G7 global rescue: Fed cuts rates to almost zero and launches US$ 700bn stimulus program

The US has cut interest rates to almost zero and launched a US$ 700bn stimulus program in a bid to protect the economy from the effect of coronavirus. It is part of a coordinated action announced on Sunday in the UK, Japan, the Eurozone, Canada, and Switzerland.
Saturday, March 14th 2020 - 09:50 UTC
Trump and Congress agree on safety net programs for Covid 19 patients and victims

The U.S. House of Representatives overwhelmingly passed a coronavirus aid package early on Saturday that would provide free testing and paid sick leave, in a bid to limit the economic damage from a pandemic that has shuttered schools, sports arenas, and offices.
Friday, March 13th 2020 - 08:57 UTC
Coronavirus panic in markets wipes US$ 14 trillion in a month

Global stock markets crashed on Friday, ending a years-long bull run, with coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide. Half a trillion dollars in liquidity from the U.S. Federal Reserve and the promise of more were not enough to calm the fear that has wiped some US$14 trillion from world stocks in a month.
Friday, March 13th 2020 - 08:20 UTC
Wall Street financial firms have most of its staff working from home

Working from home went from optional to mandatory across Wall Street this week as financial firms reported their first confirmed cases of coronavirus and the outbreak triggered a state of emergency in New York City.