Bloomberg Several of the biggest US banks and the nation’s largest life insurer expanded their restrictions on employee travel, curbing all non-essential trips abroad as the coronavirus spreads across the globe. Citigroup Inc, Morgan Stanley and Wells Fargo & Co told employees not to travel internationally without approval from top company executives, expanding earlier restrictions that targeted countries where the …

Bloomberg The Reserve Bank of India (RBI) said it’s ready to act to counter financial market volatility amid the coronavirus outbreak, reiterating comments from global central bankers in recent days. While spillovers into domestic financial markets have been relatively contained, the RBI said in a statement on Tuesday it “stands ready to take appropriate actions to ensure orderly functioning of …

Bloomberg JD.com Inc surged to its highest since June 2018 after its forecast for at least 10% revenue growth this quarter suggested online retail in China was proving more resilient to the coronavirus epidemic than anticipated. Its shares rose more than 12.4% in New York, their biggest gain since August, after the company reported fourth-quarter revenue of 170.7 billion yuan …