U.S. Treasury Secretary Steven Mnuchin's suggestion on Tuesday that the country's stock exchanges might shorten their trading hours did not go over well with investors reeling from Wall Street's worst day in three decades and growing fears about the coronavirus.
Some Democrats in Congress are pushing back on aspects of a proposal by major airlines seeking US$50 billion in grants and loans in the face of the massive travel slowdown as a result of the coronavirus pandemic.
The United States is expected to increase U.S. tariffs on Airbus planes by 50per cent on Wednesday, U.S. and European officials say, dealing a further blow to U.S. airlines already hammered by sharp drops in travel due to the coronavirus pandemic.
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working hours at other outlets, in an effort to contain the spread of the novel coronavirus.
Most companies in Britain don't have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday.
WASHINGTON: In the United States and many other countries, the government guarantees a certain amount of each customer's deposits in the event of a bank failure, to protect both consumers and the broader financial system. Many other investments, such as stocks, annuities or mutual funds, are not ...
H&M is temporarily closing all its 460 stores in Germany, its number one market for sales, and all 590 in its second largest market the United States, due to the coronavirus outbreak.
HSBC said on Tuesday it has appointed Noel Quinn as its chief executive officer, effective immediately.
MOSCOW: One of Russia's top bankers wants online alcohol sales legalised to help people who are self-isolating because of the coronavirus. German Gref, the chief executive of Sberbank, has started a mandatory two weeks in self-isolation after returning from abroad. But during a videoconference ...
Some European telecoms operators reported connectivity problems on Tuesday as millions of people logged on for work at home due to the coronavirus pandemic, driving up data traffic by as much as 30per cent and testing networks.
