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Government rejects £100m state loan to airline now struggling over coronavirus

Financial firms in New York City were testing remote-work capabilities, implementing new travel restrictions and canceling or modifying upcoming events as the coronavirus outbreak - already on the finance capital's doorstep - showed little sign of abating.

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The U.S. Federal Reserve unveiled new rules on Wednesday that create a "stress capital buffer" to determine how much banks must hold in reserve to guard against downturns.

* Indexes up: Dow 4.53%, S&P 4.22%, Nasdaq 3.85% (Updates to market close)

The U.S. Federal Reserve unveiled new rules on Wednesday that create a "stress capital buffer" to determine how much banks must hold in reserve to guard against downturns.

* Extends earlier ban on foreigners conducting umrah pilgrimage

Nigeria will issue a sovereign guarantee to back the bulk of a gas pipeline that is a core part of the government's energy strategy, Finance Minister Zainab Ahmed said on Wednesday.

U.S. investment-grade and high-yield corporate bonds gained on Wednesday as investor appetite for riskier assets returned.

Australian shares are set to open higher on Thursday, tracking Wall Street gains, as former U.S. Vice President Joe Biden's strong showing in the "Super Tuesday" primary contests boosted healthcare stocks and soothed investors' coronavirus concerns. The local share price index futures ...

Wells Fargo & Co said on Wednesday it plans to increase minimum wage to between $15 and $20 per hour for most of its U.S. markets, joining other Wall Street banks that have raised hourly pay in recent years.