Global growth plunging into downturn over coronavirus, OECD says
The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis, the Organisation for Economic Cooperation and Development warned...
G7 finance ministers plan call on Tuesday on coronavirus: sources
G7 finance ministers are expected to hold a conference call on Tuesday to discuss measures to deal with the economic impact of the coronavirus outbreak,...
Apple stock rebounds almost 7% to head for strongest day since 2018
Shares in Apple surged 6.9% on Monday, helped by a broad Wall Street rebound and an upgraded rating from an analyst who said the iPhone...
IMF, World Bank say ready to address economic challenges of coronavirus
The International Monetary Fund and the World Bank on Monday said they stood ready to help member countries address the human and economic challenges of...
Banks in Europe step up coronavirus contingency trading plans
Banks and exchanges in Europe are readying out-of-town offices, splitting shifts and isolating some teams to ensure they can keep trading if coronavirus spreads in...
‘Neutron’ Jack Welch, who led GE’s rapid expansion, dies at 84
Jack Welch, who grew General Electric Co during the 1980s and 1990s into the most valuable public company in the United States, has died at...
Goldman Sachs halts non-essential foreign business travel: memo
Goldman Sachs Group Inc has told its staff that all non-essential international business travel should be postponed, according to a memo seen by Reuters....
Japanese minister tells Lebanon Ghosn should stand trial in Japan
Fugitive ex-Nissan boss Carlos Ghosn should stand trial in Japan, a Japanese government minister told the Lebanese government during a visit to Beirut on Monday,...
Gilead buys Forty Seven for $4.9 billion to bolster cancer drug pipeline
Gilead Sciences Inc said on Monday it would buy Forty Seven Inc for $4.9 billion in cash, adding an experimental treatment that targets blood cancer...
Trump presses U.S. Federal Reserve to cut rates
U.S. President Donald Trump on Monday reiterated his call for the U.S. central bank to lower interest rates, tweeting that the Federal Reserve has been...