Going viral: Six charts and the $6 trillion loss
The rapid worldwide spread of coronavirus and the economic implications of the outbreak have triggered the biggest weekly stock market rout since the 2008 financial...
As coronavirus fears grow, private equity eyes distressed investments
Major private equity firms, which have built up big distressed debt funds in recent years, are ready to snap up assets on the cheap if...
Trafigura forms venture with Phillips 66 for deepwater Texas oil port
Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in...
Dow drops 1,000 points as pandemic fears heighten
The Dow Jones Industrials slumped more than 1,000 points in intraday trading for the third time this week on Friday, as the rapidly spreading coronavirus...
Elliott presses SoftBank to identify $10 bln of investments it holds: sources
Elliott Management Corp is pressing SoftBank Group Corp for details of nearly-$10 billion of investment securities on its balance sheet, as part of its campaign...
Trafigura forms JV with Phillips 66 for deepwater Texas oil port
Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in...
Fed’s Bullard: U.S. rate cuts ‘a possibility’ if coronavirus intensifies, not base case
Federal Reserve rate cuts are ‘a possibility’ if the outbreak of coronavirus intensifies into a global pandemic with death rates approaching yearly flu outbreaks, St....
Coty taps Jimmy Choo boss Pierre Denis as next CEO
Coty Inc on Friday named Jimmy Choo boss Pierre Denis as its next chief executive officer, replacing Pierre Laubies, betting on deep luxury fashion sector...
U.S. consumer spending slows in January; income surges
U.S. consumer spending rose less than expected in January, a loss of momentum that could be exacerbated by the rapidly spreading coronavirus, which has triggered...
Revival gives Rolls-Royce confidence despite coronavirus
Rolls-Royce has got to grips with a long-running engine problem and enjoyed a strong end to 2019, leaving it well placed to cope with any...