U.S. businesses show growing concern over impact of coronavirus, Fed survey shows
There are signs the escalating coronavirus outbreak has begun to weigh on business sentiment in the United States, a report by the Federal Reserve released...
Follow the Fed? Why central banks will not be rushed on coronavirus response
Will the world’s big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They are certainly going to try....
New BoE boss Bailey says won’t back immediate virus rate cut
The Bank of England should wait until it has more clarity about the economic hit from the coronavirus outbreak before making any decision to cut...
IMF chief says coronavirus wipes out hopes for stronger growth in 2020
The global spread of the novel coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said...
Family clan members back Volkswagen CEO’s electric strategy: Bild
Wolfgang Porsche and Hans-Michel Piech, members of the family which controls German carmaker Volkswagen , fully support the shift towards electric cars being driven by...
Campbell Soup boosts guidance as profit beats forecasts; shares jump
Campbell Soup Co on Wednesday raised its fiscal full-year earnings forecast and posted better-than-expected quarterly profit and sales due to strong demand for soups and...
Fragile safety net leaves U.S. economy vulnerable to coronavirus hit
The spreading coronavirus outbreak poses a double-barreled threat to U.S. workers who face not only the prospect of lost wages if they are forced to...
IMF chief says coronavirus wipes out hopes for faster growth in 2020
The faster spread of the coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on...
Fiat’s U.S. sales chief Reid Bigland who sued the company steps down
Fiat Chrysler Automobiles said on Wednesday its U.S. sales chief, Reid Bigland, is leaving the company to pursue other interests....
U.S. service sector races to one-year high in February
U.S. services sector activity accelerated to a one-year high in February, suggesting underlying strength in the economy despite the coronavirus outbreak, which has triggered financial...