Exclusive: ECB prepares for the worst: life without the Bundesbank – sources
The European Central Bank (ECB) is drafting contingency plans to carry out its multi-trillion bond-buying programme without the Bundesbank in case Germany’s top court forces...
Demand rise, output cuts could mean oil market balance in June
Recovering demand as coronavirus lockdowns ease combined with output cuts by top producers could balance global oil markets as soon as June, some analysts and...
Sanofi shares down despite $13 billion Regeneron payday
Shares in Sanofi fell on Tuesday despite the French drugmaker’s impending $13 billion payday from selling most of its 20.6% stake in U.S. partner Regeneron...
NYSE to reopen trading floor closed by coronavirus
The New York Stock Exchange will partially reopen the trading floors at its iconic 11 Wall Street building on Tuesday for the first time since...
Hedge funds target France as short-selling bans lifted
A cluster of big name hedge funds have started betting against French companies, moving in after the lifting of a short-selling ban imposed earlier this...
French restaurant ruling puts coronavirus claims on global menu
AXA said on Tuesday it would meet the bulk of business interruption claims from some restaurant owners in France after it lost a court case...
A Florida toy importer braces for retail upheaval
Most U.S. states have begun to reopen their economies, but Jay Foreman, chief executive of Basic Fun, said he’s more worried than ever....
COVID-19 lawsuit takes on McDonald’s like it was a rowdy bar
As U.S. businesses reopen, worried workers and their advocates are borrowing a legal strategy commonly used to shut down rowdy topless bars to try and...
Armed with whistleblower tips, U.S. SEC cracks down on coronavirus misconduct
The novel coronavirus outbreak and economic fallout is proving to be a bonanza for whistleblower lawyers as the U.S. securities regulator cracks down on a...
Exclusive: Coronavirus spreads in Brazil’s oilfields, as five offshore operators register cases
Norway’s Equinor ASA and Anglo-French firm Perenco are among at least five oil producers that have registered coronavirus cases among employees or contractors at facilities...