Big banks reassure staff about potential job cuts
(Reuters) – Big banks are postponing decisions about staff cuts as the coronavirus outbreak hits their businesses hard, with executives saying they are unsure how long the outbreak will hurt …
Business
Airbnb holds meeting with bankers to extend $1 billion debt facility: source
(Reuters) – Airbnb Inc on Wednesday held a phone meeting with bankers to discuss extending an existing $1 billion debt facility as the home rental start-up grapples with a slowdown …
Money Hacks Podcast: Should you invest your CPF money in a turbulent market?
Money Hacks Ep 66: Should you invest your CPF money in a turbulent market? 9:06 min Synopsis: In this fortnightly podcast series on Mondays, The Business Times breaks down actionable financial tips. …
Wall Street rebound fizzles out as fears of virus impact persist
(Reuters) – Wall Street fell in choppy trading on Wednesday after a strong rebound in the previous session as optimism about an imminent $2 trillion coronavirus package waned, with investors …
Oil majors slash 2020 spending 18% after prices slump
LONDON (Reuters) – The world’s biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus …
How the U.S. could intervene to weaken its surging dollar
NEW YORK (Reuters) – A blistering dollar rally has revived speculation that the U.S. may rein in its currency if the buck goes much higher. The dollar has jumped about …
Ford joins GE, 3M in speeding up ventilator, respirator production
(Reuters) – Carmaker Ford Motor Co (F.N) on Tuesday jumped into the emergency push by major U.S. manufacturers to produce thousands of ventilators and respirators needed to help combat the …
Nike's revenue beats as North America, Europe offset China sales drop
(Reuters) – Nike Inc (NKE.N) beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand in North America and Europe that blunted the first drop in China sales …
Investors eye cracks in $4.4 trillion U.S. ETF market as sell-off rages
NEW YORK (Reuters) – Wild swings in asset prices have thrown a spotlight on liquidity in corners of the $4.4 trillion market for U.S. exchange-traded funds, which have played a …
Bank of England says coronavirus tougher than banks' stress test
LONDON (Reuters) – The shock from coronavirus to banks is set to be greater but less prolonged than lenders faced in last year’s stress test and the financial system remains …