Already retired, or close to it? How to think about volatility in perilous times
The breathtaking coronavirus-induced plunge of the stock market has unnerved retirement investors of all ages, but it poses special risks for people close to, or...
Big Utah cash pool puts brakes on corporate debt that juiced its yields
One of the most aggressive state-run cash pools that regularly trounces the returns of peers and money-market funds with big bets on short-term corporate debt...
Hedge fund billionaire Dalio says corporate losses in U.S. from coronavirus to top $4 trillion: CNBC
Ray Dalio, founder of hedge fund Bridgewater Associates LP, said on Thursday corporations in the United States will lose as much as $4 trillion due...
Exclusive: ECB’s Lagarde overruled German and Dutch resistance to ‘no-limits’ pledge – sources
ECB President Christine Lagarde overruled objections from Germany and the Netherlands to adopt a historic “no-limits” commitment to shore up the region’s economy in the...
Dollar rules; ECB stimulus boosts bonds but not stocks
The dollar surged on Thursday as extraordinary steps by central banks across the world to stem a coronavirus-induced financial rout saw mixed success, boosting bonds...
Rich world pumps aid to fight virus, Britain latest to face lockdown
The world’s wealthiest nations poured unprecedented aid into the reeling global economy on Thursday as coronavirus cases ballooned in the current epicentre Europe and London...
American Airlines secures $1 billion credit line to deal with coronavirus crisis
American Airlines Group Inc has secured a new year-long $1 billion credit line, taking its available liquidity to $8.4 billion, a regulatory filing showed on...
Three people have coronavirus at U.S. mission in Geneva: official
Three people employed by the U.S. diplomatic mission in Geneva have contracted coronavirus, but are in “good condition”, a spokesperson told Reuters on Thursday, declining...
Pressures on Amazon’s staff in France unacceptable: minister
Pressures faced by Amazon’s staff in France are unacceptable, Finance Minister Bruno Le Maire said on Thursday, after unions said workers faced non-payment if they...
Oil gains amid market uncertainty over virus stimulus plans
Oil prices rose on Thursday, bucking panic selling in other markets, as investors tried to assess the impact of massive central bank stimulus in putting...