This month's dramatic selloff in financial markets is causing ructions in vital funding markets that keep money flowing between banks and companies and underpin anything from global trade to corporate cashflow.
This month's dramatic selloff in financial markets is causing ructions in vital funding markets that keep money flowing between banks and companies and underpin anything from global trade to corporate cashflow.
SoftBank Group Corp is buying back up to US$4.8 billion of its shares after their recent slump, a move that partially met the demand of activist fund Elliott Management but failed to soothe investors panicking from the coronavirus pandemic.
As virus-wary shoppers stayed home in the United States and Europe, apparel retailers braced for a blow to sales and a potential inventory glut. Some slashed orders at garment factories while others began discounting merchandise.
US carrier AT&T Inc on Friday asked its employees to work from home amid rising fears of the coronavirus, joining a list of tech majors working to curb the spread.
Chinese billionaire businessman Jack Ma on Friday offered the United States 500,000 coronavirus test kits and a million masks, as the country faces a shortage of kits for diagnosing the potentially deadly disease.
The Federal Communications Commission (FCC) said Friday that major internet providers - including Comcast Corp , AT&T Inc and Verizon Communications Inc - have agreed to not terminate service for the next 60 days if they are unable to pay their bills due to the disruptions caused by the...
U.S. automakers General Motors Co and Ford Motor Co said on Friday they will have most of their white-collar workforce working remotely as of Monday to protect against the spread of the coronavirus.
Activist investor Elliott Management said on Friday it supports SoftBank Group Corp's latest move to buy back up to US$4.8 billion of its shares.
Apple Inc on Friday called off the in-person portion of its annual developers conference scheduled to be held in San Jose and said it would run the program entirely online in June because of coronavirus fears.
