Asian shares sought a reprieve on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though a panicked rush into U.S. dollars suggested the crisis was far from done.
CGS-CIMB has upgraded OCBC to "add" from "hold" as the bank's shares now trade close to their 0.8 price-to-book value ratio seen during the global financial crisis (GFC), dipping 27 per cent year-to-date.
Alphabet Inc's Google is exploring ways to use location information to slow the spread of the coronavirus by, for example, determining the effectiveness of social distancing.
Big-box retailer Walmart Inc said on Thursday it would hire more than 150,000 hourly workers in the United States, citing a jump in shoppers due to the coronavirus pandemic.
Gutted factories, rusting pickaxes and crumbling homes that will soon be abandoned dot the scarred hills in Mentougou -- home to Beijing's last coal mine slated to close this year as the city battles chocking smog.
Walt Disney Co , JPMorgan Chase & Co and United Parcel Service Inc were among seven major U.S. companies that accepted a big rise in their borrowing costs to issue bonds on Thursday, as the coronavirus outbreak roiled credit markets.
Asian shares sought a reprieve on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though a panicked rush into U.S. dollars suggested the crisis was far from done.
Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus.
Dunkin' Brands Group Inc on Thursday said it will ease royalty and advertising fee payments for franchisees in the United States and Canada, while McDonald's Corp is in talks to reduce some payments for franchisees.
The board of French carmaker Renault will meet on Friday to discuss the coronavirus outbreak and its effect on operations, three sources close to the company said.
