UK banks scrap dividends on coronavirus fears, pressure on bonuses
Britain’s top banks said on Tuesday they would suspend dividend payments after pressure from the regulator, saving their capital as a buffer against expected losses...
Risk currencies ease, yen firms as investors brace for global downturn
Risk currencies looked fragile and the yen firmed on Wednesday, the first day of a quarter that looks set to see the worst economic contractions...
Oil prices mixed, U.S. inventory build-up heightens oversupply concerns
Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed...
Bond investor Jeffrey Gundlach bets stocks March lows to be surpassed in April
Bond investor and DoubleLine Capital Chief Executive Jeffrey Gundlach said on Tuesday he believes the coronavirus sell-off is not over yet and that the lows...
Stocks under pressure after biggest quarterly drop since 2008
Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest...
Exclusive: U.S. plans to lease space to energy companies to store oil in emergency reserve
The U.S. Department of Energy plans to announce as soon as Wednesday it will allow oil companies to lease space in the Strategic Petroleum Reserve...
U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan
U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP...
Independent worker group calls for Whole Foods ‘sick out’ over coronavirus
An independent group of workers at Whole Foods Market called on colleagues to phone in sick to the grocer’s stores on Tuesday to protest what...
Caterpillar says it will not give annual salary increases this year
Caterpillar Inc on Tuesday said it will not hand out annual salary increases this year as part of cost cut plan to deal with the...
Citi postpones 2020 investor day due to coronavirus outbreak
Citigroup Inc said on Tuesday it would postpone its 2020 investor day that was scheduled to take place on May 13 due to the coronavirus...