The International Monetary
Fund said on Thursday it expedited the appointment of U.S.
Treasury official Geoffrey Okamoto to its No. 2 position
effective March 30 as member countries struggle with the
economic impacts of the coronavirus.
China kept its benchmark
lending rate unchanged on Friday, defying expectations for a
reduction to ease borrowing costs in an economy jolted by
widespread disruptions to businesses from the coronavirus
Walt Disney Co,
JPMorgan Chase & Co and United Parcel Service Inc
were among seven major U.S. companies that accepted a
big rise in their borrowing costs to issue bonds on Thursday, as
the coronavirus outbreak roiled credit markets.
Many of Mexico's top
banking and financial brass are under quarantine or having to
work from home after having attended an annual industry bash at
a Pacific getaway last week where at least one participant later
tested positive for coronavirus.