UBS weathers coronavirus ramp-up with low losses: CFO
Swiss bank UBS has seen relatively low losses in its lending portfolio and feels comfortable with its liquidity despite market drops amidst the coronavirus pandemic,...
Emirates asks pilots to take unpaid leave, Qatar Airway lays off staff
Middle East airline Qatar Airways laid off about 200 Filipino staff in Doha this week and rival Emirates asked pilots to take unpaid leave as...
BlackRock stands by climate priorities, sees tougher shareholder votes
BlackRock Inc executives who set the asset manager’s influential proxy votes on Tuesday outlined tougher priorities tied to climate change and executive pay for the...
Stocks, oil sliding again in ‘irrevocably changed’ markets
Global stocks stumbled back into the red on Wednesday with Wall Street futures pointing to more losses ahead as fears over the coronavirus fallout eclipsed...
Unions urge Airbus to extend output freeze due to virus fears
French unions are urging Airbus to keep its French factories closed beyond March 23, when it plans to resume production after a four-day shutdown, raising...
Governments offer aid as airlines forced to deepen cuts to flights, staffing
Australia and Taiwan joined governments offering financial aid to airlines as coronavirus and stricter travel controls forced carriers to deepen cuts to capacity and staffing....
U.S. crude prices fall to 17-year low as coronavirus spreads
Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as the outlook for fuel demand darkened...
Barclays says it is ‘very unlikely’ to meet profit goal amid virus outbreak
Barclays is ‘very very unlikely’ to meet its goal of a 10% return on equity this year given the impact on its business of the...
Oil falls for third day as coronavirus travel bans escalate
Oil prices fell for a third session on Wednesday to be down about 17% so far this week as the outlook for fuel demand darkened...
Coronavirus empties airlines’ cash drawers, knocks $157 billion off share values
Global airlines are fast running out of cash after cutting capacity by 90% or even grounding entire fleets due to the broad travel restrictions to...