Robust U.S. job growth reinforces economy’s strength as coronavirus rages
U.S. employers maintained a robust pace of hiring in February, giving the economy a boost heading into the coronavirus outbreak, which has stoked fears of...
Oil slides nearly 4% after Russia rejects steeper OPEC+ cut
Oil prices were down nearly 4% on Friday on concerns that OPEC might not go ahead with steeper oil output cuts to bolster prices after...
State Bank of India to buy 49% stake in Yes Bank under rescue plan
State Bank of India , the country’s largest lender, will take a 49% stake in Yes Bank , the Reserve Bank of India (RBI) said...
India’s Yes Bank debacle jolts investors, customers and partners
Shares in India’s Yes Bank plunged on Friday as panicky depositors rushed to withdraw funds and payment partners faced outages after the banking regulator took...
EU plans state aid rule waivers, other measures to help cope with virus
The European Commission is considering various steps to help member states with the economic impact of the coronavirus outbreak, including targeted waivers on state aid...
Coronavirus infections rise above 100,000 worldwide as outbreak wreaks financial havoc
The number of people infected with the new coronavirus across the world surpassed 100,000 on Friday as the economic damage intensified, with business districts beginning...
Stock futures tank as virus fears spur flight to safety
Wall Street was set for a steep drop at the open on Friday as heightened fears about the economic damage from the coronavirus epidemic drove...
Starbucks stops customers using own cups in bid to contain coronavirus
The world’s largest coffee chain Starbucks Corp has stopped accepting reusable cups from customers to prevent the spread of coronavirus, though it will still honor...
Robust U.S. job growth boosts economy as coronavirus rages
U.S. employers maintained a robust pace of hiring in February, giving the economy a strong boost as it confronts the coronavirus outbreak that has stoked...
Fed to cut rates again in March, but effectiveness challenged: Reuters poll
The Federal Reserve will cut U.S. interest rates by 25 basis points later this month but it is a close call, according to a Reuters...