Finance

HSBC & StanChart hit 22-year lows on reports of moving illicit funds

MORE NEWS THIS CATEGORIES

Italy to extend lockdown measures nationwide

Economic Development Minister Stefano Patuanelli said his government is working on a proposal to ask Brussels to raise Italy's spending by around 10 billion...

Oil prices trend higher after Russian Federation signals olive branch to OPEC

The exact level of foreign currency purchases is dictated by the so-called " fiscal rule " - a system which Moscow introduced to reduce the impact oil price s...

European Union to stop 'ghost flights' in coronavirus fightback

The image shows a almost empty cabin. The European Union operates a so-called "use it or lose it" rule which means airlines must use 80% of their slots or ris...

Virus fears trigger shock waves across global markets, volatility worsens India’s woes

Meanwhile, crude oil prices were in a free fall, plunging almost 30 percent to $32.11 per barrel after top exporter Saudi Arabia launched a price war in respo...

Petrol, diesel prices fall check new rates here

With worldwide crude prices seeing one of the biggest single-day fall since the Gulf War in 1991 on Monday, domestic petrol and diesel prices are likely to decl...

A Status Yellow rainfall warning has been issued for Clare

Flooding is causing rail cancellations between Cardiff and Pencoed and closed roads, including the A483 in Brecon. Today's warning only applies to County Clar...

Qantas slashes global capacity to U.S. and Europe, grounds A380s

The Australian flag carrier will also temporarily reroute its existing Sydney-Singapore-London round-trip service (QF1 and QF2) to become a Sydney-Perth-London ...

State Department, CDC urge people not to travel on cruise ships

The Grand Princess cruise ship, which has been floating off the coast of California for several days amid COVID-19 concerns, was set to dock in Oakland, Calif...

Amazon employees in these countries test positive for coronavirus

The unidentified employee was last in the office on February 21 and the office will be closed until Monday, according to Bloomberg . "A contractor based in o...

NY state to produce hand sanitizer using prison labor

Hand sanitizer is in in high demand as the state tackles the outbreak. Cuomo says Cotton had been overseeing arrivals at the busy John F. Kennedy International...

Gas prices may dip below $2 in Florida amid coronavirus concerns

Just one week ago, the average price for a tank of unleaded gas was $2.16 in SC, and $2.26 in NC. North Carolina is paying a little extra at the pump compared...

PortMiami travelers react to coronavirus outbreak amid cruise ship quarantines

Gavin Newsom and the mayor of Oakland sought to reassure the public that none of the Grand Princess passengers would be exposed to the USA public before com...

Trading halted as USA stocks plummet

The yield on the benchmark 10-year U.S. Treasury was on course for its biggest one-day fall in nearly a decade, sending the rate-sensitive financials index down...

Oil prices collapse with biggest drop since 1991 Gulf War

Saudi Arabia's price cut followed a breakdown of talks in Vienna last week . Meanwhile, gold prices crashed 20 percent in opening trading on March 9 as concer...

Number of Confirmed Coronavirus Cases in Bahrain Rises to 77

Alberta reported its first presumptive case of the illness last night. "I am asking Canadians to think twice before going on cruise ships, especially those ...

Enforcement Directorate nabs Rana Kapoor, CBI on trail

Yes Bank founder Rana Kapoor's daughter was stopped from leaving the country at Mumbai airport on Sunday, reported ANI. However, for a separate case, a p...

Southwest Airlines sees first-quarter revenue…

The big USA carrier, which suspended service to China and Hong Kong in the wake of the virus outbreak, will reduce its global schedule by 20 percent in April an...

Tim Hortons changes Roll Up the Rim plan due to COVID-19

Tims said Friday morning in a press release that while health officials have not recommended changes to procedures, and that experts continue to say there is "l...

Apple Encourages Employees Based In Silicon Valley To Work From Home

On the same day California Gov. Gavin Newsom declared a state of emergency because of the coronavirus pandemic, Santa Clara County confirmed its 14th COVID-19...

Starbucks will no longer fill reusable cups as coronavirus spreads

The decision complicates the company's revamped Roll Up the Rim contest , which begins next week. "Out of an abundance of caution, we are pausing the use of ...

Facebook closes London offices due to coronavirus

These individuals are being asked to self-isolate and be vigilant in monitoring whether they develop symptoms. Facebook isn't the first company in London ...

Bond yields, oil prices, and stocks all fall after a tumultuous week

California has declared a state of emergency, while the number of infections in NY reached 33. The Dow finished the day down 969.17 points, or 3.6 percent, at...

HSBC sends home 100 London staff, confirms China coronavirus case

Over 1,200 staff members at United States group S&P Global Platts were sent home yesterday afternoon after it was discovered a visitor to the Canary Wharf site ...

U.S. job market looked robust before virus outbreak escalated

US employers maintained a robust pace of hiring in February , giving the economy a strong boost as it confronts the coronavirus outbreak that has stoked financ...

Anthony Levandowski ordered to pay $179 million to Google

Anthony Levandowski , who had been a key engineer in Google's self-driving project, and colleague Lior Ron engaged in unfair competition and breached their lega...

Fight over toilet paper as panic-buying escalates

Fear of the spread of coronavirus has sparked panic buying in Australia, where supermarkets have had to limit the number of packs sold to each customer, and pol...

China’s exports tumble, imports slow as coronavirus batters trade and business

The value of exports fell by 2.0% in January, the largest decline reported since the 5.6% decline in June 2019, to C$48.14 billion, with 9 of the 11 product sec...

Brexit preparations have cost £4.4bn, says spending watchdog

Britain's withdrawal from the European Union cost the taxpayer more than £4 billion in additional government costs, the Whitehall spending watchdog has found....

White Olive Garden customer demanded waitress who wasn't black, witnesses say

When the woman loudly demanded a non-Black server, the manager complied. "The lady also made comments about me to another co-worker", Donahue told a reporter,...

Wall Street to open sharply lower as coronavirus fears shut down California

Stocks plunged on Thursday, erasing most of the steep gains in the previous session, as markets remained highly volatile in the face of the fast-spreading coron...

Trump signs $8.3B bill to fight coronavirus outbreak

President Trump holds up the $8 billion coronavirus emergency funding bill after signing it at the White House as Health Secretary Alex Azar looks on. The...

Dollar regains footing as Fed cut shakeout fades

It was the Fed's first emergency rate cut since the global financial crisis in 2008, highlighting how seriously the central bank sees the economic fallout of ...

Microsoft Asks Staff To Work From Home To Combat Coronavirus

Microsoft announced on Thursday that the company will continue to pay hourly workers their wages, even though there's less on-site presence needed from the ho...

Woody Allen's Book Will Not Be Published After Hachette Employees Object

On Thursday, more than 75 employees at Hachette imprint Little, Brown, and Company - which published Catch and Kill , by Allen's estranged son Ronan Farrow, ...

United States stocks open sharply lower, yields drop in virus worries

The benchmark index has had five days in the last two weeks where it swung by more than 3%. In the United States, new cases of the vast-spreading virus were rep...