Global funds changed course in February and recommended a cut to equity allocations in their model balanced portfolio after taking them to a two-year high in January, instead suggesting an increase in bond holdings, Reuters polls showed.
Global share prices headed for the worst week since the darkest days of the world financial crisis in 2008 as investors braced for the coronavirus to become a pandemic and rapidly spread around the world.
NEW YORK: The Dow industrials posted its largest-ever drop in a single session on Thursday (Feb 27) as Wall Street led stocks across the globe lower, with traders fretting over the economic impact of the spreading coronavirus. The Dow Jones Industrial Average fell 1,190.95 points, or 4.42 per ...
Facebook Inc will provide a way for people to track political sponsored content on Facebook and Instagram ahead of the U.S. presidential election, it said on Thursday.
Thyssenkrupp has agreed to sell its elevators division to a consortium of Advent and Cinven , two sources close to the matter told Reuters.
The Federal Reserve may need to move aggressively to cut borrowing costs to cushion the economy from the rapid spread of the new coronavirus, in part because interest rates are already low and so is inflation.
The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co to pay US$35 million to settle charges it failed to adequately supervise investment advisers.
LONDON: British Airways said it would cancel some flights to and from Italy, Singapore and South Korea, as a result of reduced demand for travel to the areas due to coronavirus outbreaks. British Airways, owned by IAG, said on Thursday (Feb 27) it would cancel 56 round-trip flights from...
MADRID: The deadly coronavirus epidemic will cost world tourism at least US$22 billion owing to a drop in spending by Chinese tourists, the head of the World Travel and Tourism Council said on Thursday (Feb 27). The COVID-19 epidemic has killed more than 2,760 people, mostly in China -...
Fears of a sustained global economic impact as the coronavirus rapidly spreads beyond China have sent investors scrambling to find safety less than 10 days after the U.S. stock market set record highs.
