TOKYO (Reuters) – Global shares crumbled on Thursday after U.S. President Donald Trump stunned investors by announcing a temporary travel ban from Europe in an effort to curb the spread of the coronavirus, threatening more disruptions to businesses and the world economy. U.S. S&P500 futures ESc1 dived 4.7%, a day after the S&P 500 .SPX […]

HONG KONG (REUTERS) – Insurer AIA Group said on Thursday (March 12) the growth in value of new business slowed to 6 per cent last year as anti-government protests in Hong Kong weighed on sales, and it signalled a brief but significant impact from the coronavirus outbreak. “A number of our markets are facing headwinds […]

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 coronavirus-induced declines in interest rates, air travel and global growth. GE credit default swaps, a measure of confidence in a company’s capacity to repay debt, […]

BOSTON (Reuters) – Employees at the largest U.S. oil companies have lost around $5 billion in retirement savings since the end of 2018 because of outsized bets on their own slumping stock, according to a Reuters analysis of company disclosures, a trend exacerbated by the recent crash in oil prices. The losses spread across the […]

NEW YORK (Reuters) – The New York Stock Exchange is taking steps to separate traders on the floor of its iconic 11 Wall Street building and employees of the NYSE and its parent Intercontinental Exchange Inc (ICE.N), to reduce the risk of spreading coronavirus, according to an internal memo sent Wednesday. The steps, which include […]

(Reuters) – U.S. stock indexes tumbled on Wednesday as investors worried over the absence of immediate measures from President Donald Trump’s administration to counter the economic fallout from the coronavirus outbreak. The Dow Jones Industrial Average fell 4.59%, the biggest decliner among the major indexes, also weighed down by a 10% drop in shares of […]

DUBAI (Reuters) – The United Arab Emirates followed Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two OPEC producers raised the stakes in a standoff with Russia that has hammered global crude prices. The extra oil the two Gulf allies plan to add is equivalent […]

Workday Afternoon: Eco-friendly hotels for the future 14:38 mins Synopsis: Claressa Monteiro speaks to Marcus Hanna, general manager at Fairmont Singapore about the hotel’s aquaponics project and how the Accor Group will work towards eliminating plastic use within their hotels in the near future. Produced by: Claressa Monteiro of Workday Afternoon on MoneyFM 89.3 Feedback to: [email protected]   […]

BRASILIA (Reuters) – Telefonica Brasil SA (VIVT4.SA) and TIM Participações SA (TIMP3.SA) have expressed interest in negotiating a joint offer to buy bankrupt Brazilian carrier Grupo Oi SA (OIBR3.SA), the two companies said on Tuesday in securities filings. The companies informed Oi’s financial advisor Bank of America Merrill Lynch of their interest in starting negotiations […]

NEW YORK (Reuters) – Corporate America is gearing up for leaner times. From Exxon Mobil Corp (XOM.N) to Royal Caribbean Cruises Ltd (RCL.N), companies rushed to borrow more money and boost their cash coffers on Tuesday, as the market turmoil fueled by a plunge in oil prices and the global coronavirus outbreak raised the prospect […]