United States electric car manufacturer Tesla has a 10-year start on rivals when it comes to building electric cars and software, Thomas Ulbrich, the Volkswagen brand's board member for electromobility said on Thursday.
Analysts and economists increasingly expect the Federal Reserve to roll out measures beyond interest rate cuts and bond purchases to ensure financial markets keep operating smoothly and banks have ample liquidity during the coronavirus outbreak.
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon was released from a New York hospital and is now at home recovering from an emergency heart surgery he underwent last week, the bank said on Thursday.
PARIS: Europe's travel sector reacted with dismay on Thursday (Mar 12) to a US-imposed trans-Atlantic travel ban with the share price of major airlines going into free fall. President Donald Trump said the measure would stem the spread of coronavirus, but an EU diplomat in Brussels called it ......
WASHINGTON: The International Monetary Fund on Thursday (Mar 12) urged countries to work together in responding to the rapidly spreading coronavirus outbreak, and called for more donations to help the poorest countries deal with the escalating pandemic. IMF spokesman Gerry Rice said it was too ...
Sinclair Oil Corp, which operates two Wyoming refineries and has licensed more than 1,000 branded gasoline stations, is reviewing offers to buy the company, according to three people familiar with the matter.
German carrier Lufthansa has been forced by the coronavirus epidemic to halt the sale of the international operations of its airline caterer LSG, two people close to the matter said.
NEW YORK: 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 coronavirus cause sharp spikes in volatility, NYSE President Stacey Cunningham said on Thursday (Mar 12). "If there is an outbreak, we...
Shares in Boeing Co dropped more than 16per cent on Thursday on increased concerns over a fallout from news of sweeping U.S. travel restrictions on Europe meant to curb the spread of coronavirus.
NEW YORK: Trading on Wall Street was halted just moments into Thursday's (Mar 12) session after US stocks plunged further on the deepening economic pain from the coronavirus. Trading was suspended after the S&P 500 dropped 7.0 per cent to 2,549.05, triggering an automatic 15-minute suspension ...
