LONDON (Reuters) – Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis, the head of the Bank for International Settlements said on Sunday. FILE PHOTO: Bank of Mexico Governor Agustin Carstens gestures during the delivery quarterly report from the Bank of Mexico in
A sign encouraging hand sanitizer use is pictured in the Amazon Obidos lobby in the South Lake Union neighborhood, normally a busy area for Amazon and the biotech industry, as companies have instructed employees to work from home if they can during the coronavirus disease (COVID-19) outbreak, in Seattle, Washington, U.S. March 18, 2020. REUTERS/Jason
KUALA LUMPUR (Reuters) – A global shortage of condoms is looming, the world’s biggest producer said, after a coronavirus lockdown forced it to shut down production. Malaysia’s Karex Bhd (KARE.KL) makes one in every five condoms globally. It has not produced a single condom from its three Malaysian factories for more than a week due
LONDON (Reuters) – European stocks fell on Friday, halting their biggest ever three-day rally in a sign investors were focusing once more on the spread of the coronavirus pandemic despite hopes for further stimulus measures to combat its economic impact. The pan-European STOXX 600 index was down almost 3.6% by midday in London. The benchmark
SINGAPORE (Reuters) – Singapore Airlines (SIA) (SIAL.SI) is tapping existing investors for up to S$15 billion ($10.48 billion) through the sale of shares and convertible bonds to offset the shock to its business from the coronavirus outbreak. FILE PHOTO: An Airbus A380-800 aircraft of Singapore Airlines takes off from Zurich airport, Switzerland October 16, 2019.
WASHINGTON/CHICAGO (Reuters) – The U.S. Senate voted late Wednesday 96-0 to give the U.S. aviation industry $58 billion in aid, half in the form of grants earmarked to cover some 750,000 employees’ paychecks, in a badly needed lifeline for an industry facing the worst travel downturn in history. American Airlines passenger planes crowd a runway
The AMC Theatres in the Georgetown neighborhood is closed due to a global outbreak of coronavirus disease (COVID-19), in Washington, U.S., March 20, 2020. REUTERS/Joshua Roberts LOS ANGELES (Reuters) – AMC Entertainment Holdings Inc (AMC.N), the world’s largest theater operator, has placed its chief executive and all of its corporate employees on furlough to preserve
FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid (Reuters) – Occidental Petroleum Corp (OXY.N) said on Wednesday it would add to its board three of activist investor Carl Icahn’s associates, ending a
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford/File Photo SINGAPORE (Reuters) – Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets on hopes Washington will soon approve a massive aid package to stem the economic impact of the coronavirus pandemic. U.S.
SINGAPORE/MELBOURNE (Reuters) – Oil prices rose on Tuesday on hopes that the United States will reach a deal soon on a $2 trillion coronavirus aid package which could blunt the economic impact of the outbreak and in turn support oil demand. FILE PHOTO: The sun is seen behind a crude oil pump jack in the
FILE PHOTO: Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon (Reuters) – Wells Fargo & Co (WFC.N) will join other large U.S. banks in paying out special compensation to front-line employees, according to a memo seen by Reuters. The San Francisco-based bank said all of its domestic
FILE PHOTO: Firefighters battle a fire following an explosion at Geary Boulevard and Parker Avenue as PG&E officials dig up the ground to reach the pipe in San Francisco, California, U.S, February 6, 2019. Santiago Mejia/San Francisco Chronicle/Pool via REUTERS (Reuters) – PG&E Corp (PCG.N) said on Monday its utility unit agreed to plead guilty
FILE PHOTO: A man leaves a McDonald’s restaurant in London as the spread of the coronavirus disease (COVID-19) continues, in London, Britain, March 18, 2020. REUTERS/John Sibley (Reuters) – McDonald’s Corp (MCD.N) said on Sunday it would temporarily close all its restaurants in the UK and Ireland by Monday evening because of the coronavirus outbreak.
WASHINGTON (Reuters) – In order to put recession-fighting checks into the hands of millions of Americans, President Donald Trump will rely on a tax agency that has fewer workers, a smaller budget, and the same 1960s-era computer systems it had the last time it was asked to do so. FILE PHOTO: Treasury Secretary Steve Mnuchin
FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the automobile awards “Das Goldene Lenkrad” given by a German newspaper in Berlin, Germany, November 12, 2019. REUTERS/Hannibal Hanschke/File Photo (Reuters) – As the United States is combating a shortage of ventilators and respirators amid the coronavirus outbreak, Tesla Chief
(Reuters) – As cases ballooned in Europe, the new epicenter of the coronavirus, several countries imposed new restrictions to try to curb the spread. California and three other U.S. states directed tens of millions of people to stay at home. DEATHS, INFECTIONS * More than 274,800 people have been infected across the world and 11,389