WASHINGTON: The International Monetary Fund and the World Bank said on Monday (Mar 2) they stood ready to help member countries address the human and economic challenges of the fast-spreading coronavirus outbreak, including through emergency funding. In a joint statement, the two institutions said ...
Italy's Banco BPM is rushing to set up new "disaster recovery rooms" after an area close to one of its existing crisis facilities emerged as the epicenter of the coronavirus outbreak, three sources familiar with the matter said.
UBS Group Chief Executive Sergio Ermotti is poised to become chairman of Swiss Re next year after leaving the helm of Switzerland's biggest bank, three people familiar with the matter told Reuters.
Ryanair will cut capacity in and out of Italy, its largest market, by 25per cent for three weeks due to a significant drop off in bookings since a coronavirus outbreak, Europe's biggest low-cost airline said on Monday.
GENEVA: The head of the World Trade Organization said on Monday (Mar 2) that he expected the coronavirus epidemic to have a "substantial" impact on the global economy, but that plans for a June ministerial meeting were going ahead, a Geneva trade official said. "The effects on the global...
U.S. stock indexes rose on Monday, recovering from steep declines amid a spell of bargain hunting, while investors hoped that monetary stimulus from central banks would help tide over the potential economic impact of the coronavirus.
WASHINGTON: US factory manufacturing activity slowed in February as new orders contracted, reflecting worries about supply chain disruptions related to the fast-spreading coronavirus outbreak, which has revived financial market fears of a recession. While other data on Monday (Mar 2) showed ...
REUTERS: Apple Inc has agreed to pay up to US$500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, to induce owners to buy replacement phones or batteries. The preliminary proposed class-action settlement was disclosed on Friday night and ...
U.S. President Donald Trump on Monday reiterated his call for the U.S. central bank to lower interest rates, tweeting that the Federal Reserve has been "slow to act" and should be more aggressive.
Fugitive ex-Nissan boss Carlos Ghosn should stand trial in Japan, a Japanese government minister told the Lebanese government during a visit to Beirut on Monday, adding that Beirut had agreed to cooperate but without saying how.
