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...
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...
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...
Oil jumps after Fed cuts U.S. interest rates, then pares gains
Oil prices rose on Tuesday but remained below session highs reached after the U.S. Federal Reserve cut interest rates in an emergency move designed to...
Thermo Fisher agrees to buy genetic tester Qiagen in $11.5 billion deal
Thermo Fisher Scientific Inc has agreed to buy German genetic testing company Qiagen in a $11.5 billion deal as the U.S.-based group looks to bolster...
Instant View: Fed announces surprise rate cut to counter coronavirus impact
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...