Bloomberg President Donald Trump abruptly abandoned his ambition to return American life to normal by Easter, heeding advice from the government’s top doctors that re-opening the US economy in two weeks risks greater death as the coronavirus outbreak accelerates. In a stark shift from two weeks of measured optimism, the president said his guidelines for Americans to practice “social distancing” ...

Bloomberg Coronavirus deaths in Italy and Spain rose above 17,000, keeping Europe focussed on further restricting people’s movements and avoiding a health-care collapse. Italy, the country with the most reported deaths, recorded 756 new fatalities on March 29. Spain’s Health Ministry said 838 people died from the virus over a period of 24 hours, its highest daily number yet. Both ...

Bloomberg Russia moved towards a lockdown across the world’s largest country by area to try and halt the spread of coronavirus, following Moscow Mayor Sergei Sobyanin’s order for residents to stay in their homes. Heads of all Russia’s regions should adopt similar restrictions as those announced in the capital and surrounding areas, Prime Minister Mikhail Mishustin said at a televised ...

Bloomberg Venezuela National Assembly President Juan Guaido called for a broad coalition to form a “national emergency government” to replace Nicolas Maduro’s regime and get financing to save lives as the coronavirus crisis spreads. Such a government “must be broad and include all the necessary political and social sectors to confront this severe emergency,” Guaido said in a video message ...

Bloomberg In small groups and large crowds, through inner-city lanes and down interstate highways, hundreds of thousands of India’s poorest are slowly making a desperate journey on foot back to their villages in a mass exodus unseen since the days immediately after India’s independence in 1947. For many, it’s a matter of life and death. Prime Minister Narendra Modi’s order ...

Bloomberg French President Emmanuel Macron’s approval rating surged in March, even though doubts about the government’s handling of the coronavirus crisis grew in recent days, two opinion polls show. Macron’s rating rose 11 percentage points from February to a nearly two-year high of 43% this month, according an Ifop poll published in Le Journal du Dimanche on March 29. The ...

Bloomberg US equity futures fluctuated and stocks slipped on Monday as investors weighed a weekend full of negative coronavirus news against the stimulus measures that triggered a bounce in risk assets last week. The dollar rebounded, Treasuries edged higher and oil sank. Contracts on the S&P 500 Index swung between losses and gains after President Donald Trump abruptly abandoned his ...

Bloomberg Indonesian stocks snapped a two-day winning streak as investors remained wary about rising Covid-19 cases domestically and globally. The Jakarta Composite Index fell 2.9% on Monday, taking the monthly decline to most since October 2008. The benchmark gauge hit a 5% circuit breaker, triggering the first trading halt since the Indonesia Stock Exchange implemented a shorter operational schedule. Indonesian ...

Bloomberg Morgan Stanley and Goldman Sachs Group Inc. were granted approvals to take control of their securities joint ventures in China as policy makers push ahead with the opening of the nation’s $45 trillion finance industry even as they fight to contain the coronavirus outbreak. Morgan Stanley plans to boost its stake to 51% from 49% with the approval from ...

Bloomberg The Bank of Korea (BOK) will provide $12 billion to banks in its first round of dollar injections using a currency swap line with the Federal Reserve. The auction will be held on Tuesday at 10 am Seoul time, and banks may apply for seven-days debt of up to $300 million, and 84-days debt of up to $1.5 billion, ...