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US Senate Finance Committee to consider targeted tax relief as coronavirus response

The US Senate Finance Committee Chairman Chuck Grassley is exploring the option of introducing targeted tax reliefs in response to the negative impact of the coronavirus outbreak on the economic activity, Reuters reported on Monday, citing a spokesperson for the committee. 

Market reaction

This development doesn't seem to be helping the market sentiment improve. As of writing, the Dow Jones Industrial Average and the S&P 500 were down 6.3% and 6%, respectively, and the Nasdaq Composite was erasing 4.8% on the day. Meanwhile, the 10-year US Treasury bond yield was down 30% at 0.53%.

WHO's Tedros: Threat of a pandemic has become very real

"Now that the virus has a foothold in so many countries, the threat of a pandemic has become very real," said World Health Organization (WHO) chief T
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OPEC countries lose $500 million a day in oil price crash - Reuters

According to the latest Reuters calculations, the ugly OPEC and its allies (OPEC+) fallout triggered Saudi Arabia’s price war that ensued the massive
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