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...
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...
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...
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...
Futures tank as virus fears spur flight to safety
U.S. stock index futures dropped sharply on Friday as compounding fears about the economic damage from the coronavirus epidemic drove investors to perceived safe havens...
World stocks succumb to virus fears, Treasury yields hit record lows
Global stock markets tumbled and government bonds rallied on Friday as disruptions to business from the spreading coronavirus epidemic worsened, stoking fears of a prolonged...
Oil slides by 4% after Russia rejects steeper OPEC+ cut
Oil prices fell 4% on Friday to their lowest since July 2017 after Reuters reported that Russia will not agree to steeper oil output cuts...