Fed policymakers call for quick, strong action in next downturn
The U.S. central bank will need to act aggressively to counter future downturns, deploying old tools more quickly and adopting new ones, Federal Reserve Governor...
Oil falls over 2% on concerns over economic toll from virus
Oil prices slid more than 2% on Friday as investors fretted about crude demand being pinched by the economic impact of the coronavirus outbreak, while...
U.S. existing home sales fall as supply tightens
U.S. home sales fell in January amid a dearth of houses, but the supply squeeze is likely to ease as building permits and the number...
Wall Street slides as data shows early business impact of coronavirus
U.S. stock indexes fell on Friday after data showed U.S. business activity stalled in February, and a spike in new coronavirus cases in China and...
King Dollar rules the FX heap as virus threatens global growth
A powerful surge in the dollar threatens to magnify the pain for companies and nations already struggling with the economic fallout of the coronavirus....
Wall Street extends losses after data shows business activity stalls
U.S. stocks fell further on Friday after data showed U.S. business activity in the manufacturing and services sectors stalled in February, as companies grew increasingly...
L’Oreal’s online sales of make-up rose in China in February: CEO
Online sales of L’Oreal make-up and skincare products had picked up in China in February and were even stronger than a year earlier, Chief Executive...
Wall Street set to fall again as coronavirus spreads beyond China
U.S. stock index futures edged lower on Friday as a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets...
Deere’s unexpected rise in quarterly profits sends shares soaring
Deere & Co on Friday reported an unexpected increase in first-quarter profit and retained its full-year earnings forecast as signs of stabilization in the U.S....
Qatar Airways not interested in investing in Air Italy
Qatar Airways said on Friday it was not interested in investing in struggling Italian carrier Air Italy, but would do all it could as minority...