NEW YORK (Reuters) – The New York Stock Exchange does not currently plan to close its trading floor and the markets are functioning as expected, even as concerns over the
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U.S. weekly jobless claims fall; producer prices weak
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefit unexpectedly fell last week, but could rise in the coming weeks as the coronavirus pandemic causes companies to layoff
U.S. weekly jobless claims fall; producer prices weak
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefit unexpectedly fell last week, but could rise in the coming weeks as the coronavirus pandemic causes companies to layoff
DBS expects further revenue hit as coronavirus sours loans
SINGAPORE (BLOOMBERG) -DBS Group Holdings signalled that its expected 2 per cent revenue hit from the coronavirus may be revised as the pandemic causes loans to sour. “This is a moving
China's February auto sales plunge 79%, biggest monthly drop ever
BEIJING (Reuters) – Auto sales in China plunged 79% in February, marking their biggest ever monthly decline, with demand pummeled by the coronavirus outbreak. Sales in the world’s biggest auto
Tesco does not expect more than short-term shortages over coronavirus
LONDON (Reuters) – Britain’s biggest supermarket Tesco (TSCO.L) does not expect to see anything more than short-term shortages of certain products as customers stockpile over coronavirus, its chairmain said on
Seeking to avoid EU tariffs, Washington state House passes bill to drop Boeing tax break
SEATTLE (Reuters) – Washington state’s House of Representatives passed a measure on Wednesday night that removes a key tax break for Boeing Co (BA.N) and other aerospace firms, in a
Bombardier CEO Alain Bellemare to leave company
(Reuters) – Bombardier Inc (BBDb.TO) said late Wednesday Chief Executive Officer Alain Bellemare would leave the company. Hydropower producer Hydro-Quebec CEO Eric Martel would replace Bellemare, effective April 6, the
Factbox: U.S. companies add cash, credit lines as coronavirus leaves markets rattled
(Reuters) – U.S. companies rushed to bulk up their cash reserves amid market turmoil fueled by the global coronavirus outbreak and a plunge in oil prices. The following is a
Cost of General Electric credit insurance rises along with coronavirus concerns
NEW YORK (Reuters) – The cost to insure General Electric Co (GE.N) debt has shot up to levels last seen in 2018, possibly reflecting concern about the company’s exposure to