UPS says coronavirus outbreak to hurt first-quarter results
(Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty)...
Fed’s emergency rate cut spooks Wall Street
Wall Street tumbled in a volatile session on Tuesday after the Federal Reserve’s surprise half percentage-point cut in interest rates raised alarm over the magnitude...
Fed makes emergency rate cut as coronavirus spreads
The U.S. Federal Reserve cut interest rates on Tuesday in a bid to shield the world’s largest economy from the impact of the coronavirus, though...
Saudi SABIC lifts Swiss chemicals maker Clariant stake
Chemical giant Saudi Basic Industries Corporation (SABIC) said on Tuesday that it had raised its stake in Swiss chemicals maker Clariant to 31.5% from 25%....
Hudson’s Bay Co Chairman Richard Baker to take over as CEO
Hudson’s Bay Co Chairman Richard Baker will take over as chief executive officer, the company said on Tuesday, after his bid to take the owner...
U.S. joins False Claims Act lawsuit against Mallinckrodt
The U.S. government said on Tuesday it filed a lawsuit accusing a unit of the drugmaker Mallinckrodt Plc of improperly avoiding the payment of hundreds...
ECB ready to support economy, but governments must help, Villeroy says
The European Central Bank is ready to support the economy in the face of the coronavirus outbreak, but governments with budget leeway also need to...
Wall Street losses deepen after Fed emergency rate cut
U.S. stock markets fell sharply on Tuesday on worries that even a half percentage-point cut in interest rates might not be enough to stave off...
Fed slashes rates in emergency move to combat coronavirus risks
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world’s largest economy from the impact of the...
Hudson’s Bay Co Chairman Richard Baker to take over as CEO: source
Hudson’s Bay Co Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told Reuters on Tuesday, after his...