Sell signal: Trump’s shallow virus plan blows floor out of markets
All global investors got from U.S. President Donald Trump’s coronavirus package were a shock travel ban on Europe and a flashing signal to sell, and...
China automakers seek policy relief after February sales plunge on coronavirus
Automakers in China are calling on the government to help after industry-wide sales plunged 79% in February to mark their biggest ever monthly decline, with...
Tesco does not expect more than short-term shortages over coronavirus
Britain’s biggest supermarket Tesco does not expect to see anything more than short-term shortages of certain products as customers stockpile over coronavirus, its chairmain said...
Nestle mandates JPMorgan to handle Yinlu sale: Bloomberg
Food giant Nestle has mandated JPMorgan Chase & Co. to handle the sale of its struggling Chinese peanut milk business Yinlu that could be valued...
Oil falls 4% as coronavirus pandemic prompts Trump travel ban
Oil prices fell for the second straight day on Thursday amid a broad decline in global markets after the United States banned travel from Europe...
Insurers face double whammy from coronavirus crisis
Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy – a sharp...
U.S. clampdown on European travel heaps new coronavirus woes on airlines
A clampdown on European travel to the United States will heap more pressure on airlines already reeling from the coronavirus pandemic, analysts said, raising the...
Kuroda says BOJ ready to act to support economy, after meeting PM Abe
Bank of Japan Governor Haruhiko Kuroda said the central bank was ready to respond with further steps to support the economy, after a meeting with...
Financial markets reel, stocks plunge as Trump stuns with Europe travel ban
Financial markets reeled on Thursday as stocks dived and oil slumped after U.S. President Donald Trump took the dramatic step of banning travel from Europe...
Seeking to avoid EU tariffs, Washington state House passes bill to drop Boeing tax break
Washington state’s House of Representatives passed a measure on Wednesday night that removes a key tax break for Boeing Co and other aerospace firms, in...