Investors give thumbs down to potential shortened stock session
U.S. Treasury Secretary Steven Mnuchin’s suggestion on Tuesday that the country’s stock exchanges might shorten their trading hours did not go over well with investors...
Macy’s, Hudson’s Bay to temporarily close U.S. stores due to virus outbreak
Department store operators Macy’s Inc and Hudson’s Bay decided on Tuesday to temporarily close all its stores in the United States due to the coronavirus...
U.S. airlines face push-back in Congress on $50 billion bailout proposal
Some Democrats in Congress are pushing back on aspects of a proposal by major airlines seeking $50 billion in grants and loans in the face...
Norwegian Air asks for similar help to regional rival SAS
Struggling Norwegian Air needs government support similar to that which SAS received from the Danish and Swedish governments if it is to protect jobs in...
CFTC provides work-from-home relief for brokers, other market players
The U.S. Commodity Futures Trading Commission on Tuesday said it has issued temporary, targeted relief to futures commissions merchants, brokers, swap dealers, and other market...
Tiffany & Co to temporarily shut several stores, cuts hours at others
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce...
Most British companies not insured for coronavirus closures: industry body
Most companies in Britain don’t have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday....
UK launches coronavirus lending scheme for business
The Bank of England and Britain’s finance ministry launched a scheme on Tuesday to purchase debt known as commercial paper issued by companies hit by...
Explainer: How your bank deposits are (and aren’t) protected
In the United States and many other countries, the government guarantees a certain amount of each customer’s deposits in the event of a bank failure,...
HSBC appoints Noel Quinn as CEO
HSBC said on Tuesday it has appointed Noel Quinn as its chief executive officer, effective immediately....