Amtrak names new CEO to head money-losing passenger railroad
Amtrak said Monday it had tapped Atlas Air’s chief executive to run the money-losing U.S. passenger railroad that has seen record traffic....
Stocks rally after last week’s rout on central bank policy hopes
Equity markets around the world rose on Monday as the prospect that central banks will cut interest rates to soften the economic blow of the...
Oil up over 4% as hopes of OPEC cut, stimulus counter virus gloom
Oil prices rose over 4% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and...
Wall Street buys the dip as investors bet on stimulus
Wall Street surged on Monday as investors hunted for bargains following reassurances by central banks that they stood ready to counter the economic impact from...
U.S. manufacturing sector stalls as coronavirus hits supply chains
U.S. factory manufacturing activity slowed in February as new orders contracted, reflecting worries about supply chain disruptions related to the fast-spreading coronavirus outbreak, which has...
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...