Markets

WOONSOCKET, Rhode Island: CVS Health Corp said on Monday (Mar 9) it would immediately waive charges for home delivery of prescription medications, in response to the U.S. health agencies urging patients to stay at home amid a fast-spreading coronavirus outbreak. This follows the company's ...

WASHINGTON: The US Consumer Financial Protection Bureau (CFPB) said on Monday (Mar 9) it charged Fifth Third Bank, National Association, for creating fake client deposit and credit-card accounts and transferring clients' funds to those accounts without consent, citing an abuse of fair lending and ...

SINCE taking over as the euro zone's main banking supervisor, the European Central Bank has spearheaded efforts to reduce the amount of bad loans that had cumulated throughout the great recession and the euro zone sovereign debt crisis.

While no U.S. airlines have requested a bailout to date, the head of Hawaiian Airline said on Monday that it was difficult to predict what would happen in the weeks and months ahead for the industry as travelers cancel flights amid coronavirus uncertainty.

JPMorgan Chase & Co could eliminate up to 140 jobs in Switzerland in an effort to cut costs, a person familiar with the matter told Reuters on Monday, confirming a report by the Swiss financial news website Finews.

MILAN, Italy: Global luxury brands including Gucci and Louis Vuitton are scaling back orders with Italian suppliers, as the spread of the coronavirus from key market China to major manufacturing hub Italy hits business across the sector, industry sources said. Italy, home to scores of specialist ...

SAN FRANCISCO: Fears about the rapidly spreading coronavirus and its impact on the global economy, which deepened on Monday with the collapse of oil prices, have evaporated over US$5 trillion of the S&P 500's market value in recent weeks. The U.S. stock benchmark's 7per cent drop on Monday, which...

NEW YORK: Aon Plc said on Monday (Mar 9) it would buy Willis Towers Watson Plc for nearly US$30 billion, in an all-stock deal which will make it the world's biggest insurance broker and give it more pricing power, but also attract regulatory scrutiny. The acquisition, the insurance sector's...

NEW YORK: Shares of US banks sharply underperformed the broader stock market on Monday (Mar 9) as investors bet tumbling interest rates would crush bank profits and worried about rising credit costs in the face of an economy spooked by coronavirus and plunging oil prices. Among the sector's ...

REUTERS: Amazon.com Inc has extended its work-from-home advisory to include employees in New York and New Jersey, the company said on Monday (Mar 9), as the world's largest online retailer and other corporations aim to lower the risk of coronavirus transmission among their ranks. "We continue to ...