Bloomberg Japanese Prime Minister Shinzo Abe said he plans to submit an extra budget in about 10 days to help fund an unprecedented economic stimulus package, while warning residents to prepare for a long battle against the coronavirus pandemic. Speaking at a press conference in Tokyo, Abe said there was no need to declare an emergency now, but urged the ...

Bloomberg Hong Kong’s government will introduce a second round of financial assistance for businesses affected by the novel coronavirus outbreak, according to Chief Secretary Matthew Cheung. The subsidies from the Epidemic Prevention Fund would aim to protect workers, Cheung wrote in a blog on Sunday that didn’t provide details of the plan or a timeline. The government announced its first ...

Bloomberg American pipeline operators have begun asking oil producers to voluntarily ratchet back their output in the clearest sign yet that a growing glut of crude is overwhelming storage capacity. Plains All American Pipeline LP, one of the biggest shippers of crude in the US, sent a letter last week asking its suppliers to scale back production. The notice came ...