A senior U.S. Commerce
Department official who helped lead the administration's efforts
to impose export restrictions on China's Huawei Technologies Co
is resigning, Secretary Wilbur Ross said on Monday.
G7 finance ministers and
central bank governors will hold a conference call on Tuesday to
discuss measures to deal with the widening coronavirus outbreak
and its economic impact, a U.S. Treasury spokeswoman said on
Investors wanting to see if the worst is
over for the dramatic selloff in stocks should look to U.S.
Treasuries for clues, as an ebbing in the considerable demand
for the safe-haven bonds needs to be seen first to show that
risk appetite is improving.
U.S. mortgage borrowers may
soon be able to refinance at rates even lower than they were on
the heels of the country's recession a decade ago, in what
industry sources are calling a "once-in-a-lifetime" chance to
slash monthly housing expenses.
The International Monetary
Fund and the World Bank on Monday said they stood ready to help
member countries address the human and economic challenges of
the fast-spreading coronavirus outbreak, including through
Jack Welch, who brought
celebrity and swagger to the General Electric Co
executive suite in the 1980s and 1990s by transforming a
conglomerate best-known for light bulbs and appliances into the
most valuable U.S. public company, has died at 84, GE said on