PIMCO sees mild recession due to virus but tight credit poses risk
Pacific Investment Management Co (PIMCO), one of the world’s largest investment firms, told clients on Sunday the coronavirus outbreak is likely to cause a relatively...
Wall Street coronavirus contingency plans – the state of play
As the coronavirus spreads in the financial hub of New York, financial firms – led by the Securities Industry and Financial Markets Association (SIFMA)– have...
Investor fears rise over recession, bear market as coronavirus spreads in U.S.
The words “bear market” and “recession” are being used with increasing frequency as investors try to assess how badly the coronavirus outbreak will damage global...
Brazil, U.S. sign agreement to develop defense technology
Brazilian and U.S. governments signed on Sunday an agreement for development of defense projects that may give the South American country access to financing....
IKEA reopens nine more stores in China
IKEA, the world’s biggest furniture brand, is reopening nine of its stores in China this weekend, a company spokeswoman said....
Saudi Aramco trades below IPO price for first time
Shares of Saudi Aramco fell below their initial public offering (IPO) price on Sunday for the first time since they began trading in December after...
Maldives confirms first two coronavirus cases; two resort islands locked down
The Maldives has curbed movement on several resort islands, authorities said on Sunday, after the country reported its first two cases of coronavirus....
Trump: No promises regarding steel and aluminum tariffs on Brazil
President Donald Trump praised the United States’ relationship with Brazil under Brazilian President Jair Bolsonaro on Saturday, but declined to say whether he would impose...
Italy poised to lock down Lombardy after coronavirus jump
Italy is set to impose a virtual lockdown on its wealthiest and most populous region, which includes the financial capital Milan, as part of tough...
Italy set to lock down Lombardy after coronavirus jump
Italy is set to lock down its wealthiest and most populous region, which includes the financial capital Milan, as part of tough new measures expected...