Stocks were slammed on Monday
and the dollar battered after emergency rate cuts in the United
States and New Zealand, and a raft of steps by policymakers
worldwide failed to stem the rout in markets spooked by the
broadening fallout of the coronavirus.
Joe Biden and Bernie
Sanders blasted President Donald Trump's handling of the
coronavirus outbreak during a Democratic debate on Sunday, and
touted their own approaches to dealing with a widening crisis
that has upended the daily life of Americans.
The U.S. Federal
Reserve unleashed new emergency measures on Sunday night to
limit the economic harm from the coronavirus, including making
it easier for banks to get money and slashing its benchmark
borrowing rate to near zero.
Brazil's economy can still
grow by as much as 2.5% this year, Economy Minister Paulo Guedes
said in an interview published on Sunday, as long as the country
does not succumb to a "psychology of failure" amid the global
Australia's capital and the
country's second most populous state declared states of
emergency on Monday while large, non-essential gatherings were
banned in a bid to slow the spread of coronavirus after the
national death toll rose to five.