China’s top container ports unclog backlog as virus curbs ease
China’s top container ports are loosening the backlog of cargoes on their docks as workers return to their posts after coronavirus travel curbs that kept...
Futures slump on alarm over fast-spreading virus
U.S. stock index futures dropped more than 1% on Thursday as investors stayed away from making riskier bets after the rapid spread of the coronavirus...
Oil prices fall for fifth day to lowest in a year
Oil prices fell nearly 3% on Thursday, plunging for a fifth day to their lowest since January 2019 as a rise in new coronavirus cases...
Taxi group wins right to join Uber’s London license appeal case
A taxi trade association will be able to participate in Uber’s appeal against the loss of its operating license in the British capital city set...
Too white, too male: Fed takes on diversity one bank board member at a time
The Federal Reserve, long criticized for being too white and male, crossed a substantial milestone last year: for the first time in its 107-year history,...
AB InBev sees 10% hit to first-quarter profit from coronavirus
The world’s largest brewer Anheuser-Busch InBev forecast a 10% decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales during the Chinese...
Banks have some way to go in disclosing climate risk: Lagarde
Climate change poses a risk to the financial sector and central banks need to pay closer attention as banks have some way to go in...
Blackstone’s Schwarzman says cannot buy Bloomberg while owning Refinitiv
Blackstone Group Inc Chief Executive Stephen Schwarzman said the world’s biggest private equity firm cannot buy Bloomberg should it come up for sale as long...
Virus-hit stocks shed $3 trillion; safe havens thrive
Stocks resumed their plunge, wiping out more than $3 trillion in value this week alone, and U.S. Treasuries yields hit record lows on Thursday as...
Aston Martin shares slide as losses deepen and finance chief leaves
Aston Martin shares slumped to a record low on Thursday after the British luxury carmaker said its losses ballooned last year and its chief financial...