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...
Wall Street falls as crude slump hammers energy stocks
Wall Street fell at the open on Monday as energy shares took a hit from a crash in oil prices, with investors bracing for a...
Record wide gap opens in U.S. oil futures contracts
An extreme situation has developed in the U.S. crude oil futures markets, as the current front-month May contract, due to expire Tuesday, has dropped by...
United Airlines sees first-quarter $2.1 billion pre-tax loss on coronavirus impact
United Airlines said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first quarter, hurt by a precipitous drop...
U.S. House Republican leader: still no deal on more coronavirus money for small businesses
U.S. Democrats and Republicans were near agreement on Monday for extra money to help small businesses hurt by the coronavirus pandemic, a top Republican lawmaker...
IMF’s Georgieva says coronavirus crisis is worst since Great Depression
The crisis sparked by the spread of the novel coronavirus is the worst since the Great Depression, IMF Managing Director Kristalina Georgieva said on Monday....