Bloomberg Facebook Inc cancelled its annual F8 Developer Conference over concerns about Covid-19, commonly referred to as the coronavirus, according to a blog post. The conference, scheduled for May in San Jose, California, has become a flagship event in the technology community in recent years, and Facebook uses F8 to provide updates on the company’s product lines. In the past, …

Bloomberg Federal Reserve Chairman Jerome Powell said the coronavirus “poses evolving risks” to the US economy and signalled the central bank is prepared to cut interest rates if necessary to sustain the country’s longest-ever expansion. The rare statement by Powell before the financial markets closed for the US weekend came as stocks posted their seventh-straight daily loss, a slump which …

Bloomberg The Bank of Thailand eased some foreign-exchange rules as part of a previously announced plan to temper the baht. The threshold for proceeds that do not need to be repatriated rises to $1 million from the current $200,000, effective from March 2, the central bank said in a statement, adding that the “relaxation includes not only export proceeds but …