International Monetary Fund Managing Director Kristalina Georgieva on Monday called on governments to take coordinated fiscal and monetary stimulus measures to stop the coronavirus from causing long-term economic damage. In a blog message posted on the IMF website, Georgieva said the global...

The Dubai Financial Market temporarily closed its trading floor and customer affairs counters as precautionary measure to prevent the spread of the coronavirus. The trading floor will be shut from Monday until further notice, the exchange said in a statement. “The temporary closure of...

The U.S. Federal Reserve and its global counterparts moved aggressively with sweeping emergency rate cuts and offers of cheap dollars in a bid to combat the coronavirus pandemic that has roiled markets and paralysed large parts of the world economy. The coordinated response from the Fed to the...

Oil giant Saudi Aramco 2222.SE on Sunday posted a 21% decline in 2019 net profit due to a drop in oil prices and production, and said it plans to “rationalize” capital spending in the wake of the coronavirus outbreak. This was Aramco’s first earnings announcement after it listed in...