Financial News

Confirmed COVID-19 Cases for Ashe County, Total Identified Cases at 13
May 11, 2020
AP-NC Newswatch
May 11, 2020
Financial News



Stocks open lower…Putin ends partial economic shutdown…Indonesia fears more virus cases with return of migrant workers


Changes in first sentence 6% to 0.6%.
NEW YORK (AP) – On Wall Street, the S&P 500 slipped .6% in the first few minutes of trading this morning, following drops in Europe and a mixed performance in Asia. But the S&P was down just 14 points at 10:53 a.m. Eastern Time, to 2,916. The Dow was down 198 points, to 24,132. And the Nasdaq was up 20 points, at 9,142.


GENEVA (AP) – Switzerland has begun a gradual return closer to normal amid a recent decline in confirmed coronavirus cases. The government today relaxed nearly two months of restrictions that had closed schools and most businesses. Geneva’s old-city shopping district got a bit more bustle as kids returned to classes, stores reopened their doors, and downtown eateries got back to business by erecting partitions between tables, unfurling long-unused parasols and trotting out bottles of hand sanitizer for patrons at their entrances.


MOSCOW (AP) – Russian President Vladimir Putin has declared an end to a nationwide partial economic shutdown but notes that some restrictions will remain. Putin, speaking in a televised address to the nation today, says it will be up to regional governors in the far-flung Russian Federation to determine what industrial plants could reopen starting Tuesday. He says it’s essential to preserve jobs and keep the economy running provided that workers strictly observe sanitary norms.


JAKARTA, Indonesia (AP) – Indonesia’s foreign minister says the country faces a fresh wave of COVID-19 infections with the return of migrant workers and cruise ship employees. Foreign minister Retno Marsudi says about 90,000 Indonesian migrant workers have already returned to the country since the coronavirus outbreak from several countries, including nearly 73,000 from neighboring Malaysia alone.


NICOSIA, Cyprus (AP) – Cyprus has extended a ban on all inbound and outbound flights for another two weeks until May 28 as part of its efforts to prevent the spread of the coronavirus. Cyprus’ Transport Ministry says only cargo flights, inbound flights of empty aircraft intending to fly out those wishing to leave the island nation and emergency and humanitarian flights are exempt. Cyprus first imposed a flight ban on March 21 amid a strict lockdown.



AP-WF-05-11-20 1508GMT