Markets

Shares in India's Yes Bank dropped nearly 35per cent on Friday to their lowest in more than a decade, after the central bank took control and set a limit on withdrawals because of a serious deterioration in its financial position.

LOS ANGELES: The new James Bond movie delayed. Studios scrapping film festivals. Blockbuster productions shut down. Hollywood is being rocked by the unprecedented challenge of the novel coronavirus, insiders told AFP this week. "I have never seen anything where this many films are going to be ...

If the outbreak sparks a lasting downturn, low-paid contingent workers are most vulnerable, says the Financial Times’ Gillian Tett.

Chinese gaming company Beijing Kunlun Tech Co Ltd is close to signing an agreement to sell Grindr LLC, the popular gay dating app it has owned since 2016, to a group of investors, according to people familiar with the matter.

SINGAPORE: Asia's richest investors, trapped at home by coronavirus travel restrictions, have increased trading activity over the past two months, private bankers said, even as wealth managers face a fall in new client money. Inflows of funds from new customers in January and February have fallen ...

Social media giant Facebook Inc and Alphabet Inc's Google on Thursday recommended their San Francisco Bay area employees to work from home to minimize the risk of spreading Covid-19.

Straining under a massive debt load and at risk of a ratings downgrade, Mexican state oil company Petroleos Mexicanos (Pemex) was hit with a record jump in its pension liabilities last year as more workers retired on generous benefits.

HONG KONG: The coronavirus could wipe more than US$200 billion off Asia Pacific economies this year, S&P Global ratings warned Friday (Mar 6), sending growth to its lowest level in more than a decade, as governments struggle to combat the disease. In a worst-case scenario, China could see growth...

U.S. job growth likely slowed in February, but the pace probably remained consistent with a healthy labor market despite the coronavirus outbreak, which stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.

HSBC Holdings PLC has sent home more than 100 staff in London after a worker tested positive for the coronavirus, the first known case at a major company in Europe's main financial hub.