AMID market routs over mounting fears of Covid-19's impact on economic and business growth, private banks in the region are still reporting healthy trading volumes.
The International Monetary Fund on Friday advised all staff at its Washington, D.C., headquarters to work from home until further notice after an employee was diagnosed with COVID-19, the disease caused by the coronavirus, an IMF spokesman said.
Interest rate cuts won't cure the coronavirus but investors are still hoping the Federal Reserve can take some actions to help soothe the roiled stock market.
JPMorgan Chase and Co said on Friday two employees at its headquarters in New York City have contracted the coronavirus.
As Americans hole up at home to wait out the coronavirus pandemic, fewer people are going out to eat, leading some fast food chains to cut delivery fees and meal delivery platforms to suspend commissions.
A group representing major US airports on Friday revised upward its forecast for estimated losses this year to US$5.7 billion after President Donald Trump instituted new European travel curbs and as flight reductions rose.
Fiat Chrysler Automobiles NV said production at its assembly plant in Windsor, Ontario, which was halted for 24 hours after an employee contracted the coronavirus, has resumed on Friday afternoon.
Oil prices on Friday posted their worst week since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to flood the market with record levels of supply.
REUTERS: Warren Buffett's Berkshire Hathaway Inc said on Friday that Kenneth Chenault, who spent 17 years as chief executive of American Express Co , is being nominated to its board of directors. Chenault would replace Microsoft Corp co-founder Bill Gates, who is retiring from the board, where ...
U.S. aviation safety regulator is investigating a possible structural problem with Boeing Co's older 737 aircraft following an in-flight incident that caused a 12-inch rupture in the aluminum skin of a Southwest Airlines jet, the Wall Street Journal reported on Friday.
