HSBC cuts top investment bank jobs despite wider firing freeze
HSBC has cut a number of top management roles in its investment bank, memos seen by Reuters showed, a sign that Chief Executive Noel Quinn...
SunPower idles factories as coronavirus hits solar demand
U.S. solar panel maker SunPower Corp on Monday said it had temporarily stopped production at all of its factories in five countries as the coronavirus...
Traders play ‘hot potato’ with U.S. oil contract as it crashes 50%
Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, as the contract dropped by more than 50%...
Vivendi shareholders approve dividend of 0.60 euro per share
Vivendi’s shareholders approved on Monday the payment of a dividend of 0.60 euro per share for the fiscal year 2019, with 99.52% of shareholder votes...
U.S. crude futures plunge to 1986 low on scant storage, weak demand
Oil prices tumbled on Monday, with the U.S. crude futures contract plunging more than 40% to its lowest level since 1986, as investors worried about...
IMF may need ‘exceptional measures’ to facilitate pandemic response: Georgieva
The IMF may need to step outside its comfort zone and consider “exceptional measures” to help countries deal with the coronavirus pandemic and mitigate its...
NatWest presses ahead with more job cuts in face of coronavirus crisis
British state-backed lender NatWest is pressing ahead with further job cuts, axing more than 30 jobs in its digital ventures arm despite rivals halting redundancies...
Congress feuds as deal still elusive on small business coronavirus aid
U.S. Democrats and Republicans feuded on Monday over who was responsible for delay even as they worked on details of a possible $450 billion-plus deal...
U.S. restaurants on track to lose $240 billion by end of 2020: survey
U.S. restaurants are on track to lose $50 billion in April, with losses mounting to an estimated $240 billion by the end of 2020, as...
Investors much less confident about market outlook, Trump re-election chance: survey
The markets are much less confident about Europe and the United States getting back to business ahead of the summer, a Deutsche Bank investor survey...