The U.S. Senate on Tuesday prepared to weigh a multibillion-dollar emergency spending bill passed by the House of Representatives offering some economic relief from the coronavirus outbreak as the Trump administration pressed for billions more.
Fiat Chrysler (FCA) has resumed limited production at its Atessa facility in Italy, the automaker's only open assembly plant, having halted operations at most of its European factories, a spokesman said on Tuesday.
China's e-commerce company JD.com Inc said on Tuesday it would buy back up to US$2 billion of its shares as the coronavirus outbreak grows bigger.
Fearful of causing further harm to an economy laid low by the coronavirus epidemic, authorities in China have become a lot more lenient dealing with entrepreneurs breaking the law.
Germany's largest airline, Lufthansa , is working with the government to prepare an "air bridge" to ensure that necessary goods would continue to arrive in Germany during the coronavirus epidemic, the airline's boss said on Tuesday.
Borrowing costs for junk-rated European companies have nearly tripled in less than a month, and with the market for new debt issuance shuttered, there could be a lot more pain in store for firms needing to raise fresh money to redeem debt.
Credit Suisse will be giving employees needing to care for children and family members affected by the coronavirus outbreak a month of paid leave through mid-April, its chairman and CEO told staff in a memo late on Monday.
Uber Technologies Inc on Tuesday began suspending shared rides on its ride-hailing platform in the United States and Canada to limit the spread of the coronavirus.
KUALA LUMPUR: Malaysia has recovered 1.4 billion ringgit (US$323 million) of funds allegedly stolen from state fund 1MDB and identified another 6.9 billion ringgit for recovery, the prime minister's office said on Tuesday (Mar 17). The US Department of Justice (DoJ), which says more than US$4.5 ...
Indonesian ride-hailing firm Gojek closed an additional US$1.2 billion of funding last week, according to an internal memo reviewed by Reuters.
