Explainer: Coronavirus fears hit the market hard. How much did ordinary Americans lose?
The deep declines in the U.S. stock market over the last three weeks has left a dent in retirement portfolios and brokerage accounts, costing on...
Fiat Chrysler temporarily halts some Italian plants to battle virus
Fiat Chrysler is temporarily halting operations at some plants in Italy and will reduce production rates in response to the coronavirus outbreak in the country,...
Stocks gain after emergency BoE cut adds to stimulus hopes
European stocks rose on Wednesday after the Bank of England joined other central banks in cutting interest rates, raising hopes for more co-ordinated monetary and...
Saudi announces plan to boost oil production capacity for first time in years
Saudi Arabia said on Wednesday it plans to boost oil production capacity for the first time in more than a decade, a day after it...
Uber may suspend accounts of riders, drivers who test positive for coronavirus
Uber Technologies Inc notified riders and drivers that it may temporarily suspend the accounts of anyone who has tested positive for the coronavirus or have...
Saudi Aramco asked to boost oil output capacity to 13 million bpd: CEO
Saudi Aramco has been directed by the Ministry of Energy to raise its oil production capacity to 13 million barrels per day (bpd) from 12...
China’s building work stalls in February, as virus keeps workers indoors
China’s construction activities were stalled in February as the government extended Lunar New Year holidays and advised people to stay indoors as a precaution against...
Business travel sector to lose $820 billion in revenue on coronavirus hit: industry group
The global business travel sector is expected to take a revenue hit of about $820 billion, with China accounting for nearly half of the losses,...
Oil extends gains as U.S. output cut hopes grow
Oil prices climbed for a second day on Wednesday as hopes U.S. producers would cut output lent support, but gains were capped by growing doubts...
Citigroup hires Loretta Ko to head financial institution group
Citigroup has hired Loretta Ko to return to the investment bank and head its financial institutions group (FIG) for Hong Kong, the bank said on...