Telecom Italia fined 116 million euros for broadband market abuse
Italy’s competition watchdog said on Friday it had fined former phone monopoly Telecom Italia (TIM) 116 million euros ($131 million) for abusing its dominant position...
Coronavirus infects more than 100,000 worldwide, wreaking financial havoc
The number of people infected with coronavirus surpassed 100,000 across the world on Friday as the outbreak reached more countries and intensified economic damage, with...
Morgan Stanley shifts London traders to Heathrow site to counter virus: sources
Morgan Stanley is shifting part of its London-based sales and trading staff to a secondary site near Heathrow airport to ensure its trading desks can...
Take Five: Credit crunch at time of rock-bottom rates?
Is it possible we may see a wave of corporate defaults at a time when interest rates are at record lows and falling? In Europe,...
OPEC cuts deal falls apart as Russia resists, sending oil into tailspin
A three-year honeymoon between OPEC and Russia descended into acrimony on Friday after Moscow refused to support deeper oil cuts to cope with the outbreak...
Oil plunges to lowest since 2017 after Russia rejects steep OPEC cut
Oil prices tanked more than 8% on Friday to their lowest levels since mid-2017 after Reuters reported that Russia balked at OPEC’s proposed steep production...
U.S. may take targeted steps to stimulate economy amid coronavirus: Kudlow
The Trump administration may take targeted steps to stimulate the U.S. economy amid the coronavirus outbreak that is likely to temporarily drag down some sectors,...
Investors flee Wall Street, seek shelter in bond and gold
U.S. stock markets tanked and the Dow Jones Industrials shed more than 800 points on Friday, as the global tally of coronavirus infections surpassed 100,000...
Traders bet Fed will slash rates to zero by April
Futures traders are betting the Federal Reserve will slash U.S. interest rates to near zero by April, even as many doubted the central bank can...
OPEC oil cuts deal falls apart as Russia resists, crude prices plunge
OPEC’s plans for deep and prolonged oil cuts were derailed on Friday as non-OPEC Russia refused to support the move arguing that it was too...