Nasdaq News

Business activity has cratered across Europe as attempts to contain the coronavirus pandemic push governments to shut down vast swathes of their economies, from shops to factories to restaurants, surveys showed on Friday.

Borrowing costs in the euro area were mostly steady to a touch lower on Friday, as bleak news in terms of both the coronavirus outbreak and the economic outlook weighed on investor sentiment and supported higher-rated debt markets.

Britain's Labour Party will elect a new leader on Saturday, with Brexit policy chief Keir Starmer the frontrunner to take over a deeply divided party that, under veteran socialist Jeremy Corbyn, suffered a crushing defeat in a December election.

The U.S. economy likely shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the coronavirus pandemic shuttered businesses and factories, confirming a recession is underway.

China has yet to resume all canola imports from Canada, the foreign ministry said on Friday, after suspensions were imposed on some suppliers last year.

The Canadian dollar is set to remain at depressed levels over the coming months, with analysts in a Reuters poll slashing their forecasts for the currency as the coronavirus pandemic potentially pushes Canada's economy into a deep recession.

German services firms shed staff at the fastest rate in almost 23 years in March, a survey showed on Friday, giving a glimpse of the damage done to the job market as businesses close to limit the spread of coronavirus.

General Motors Co's vehicle sales in China fell 43.3% in the first three months of 2020 compared with the same period last year, the company said on Friday, as the coronavirus pandemic reduced demand in the world's biggest auto market.

Britain's health minister said on Friday he had "no idea" if Prime Minister Boris Johnson's week-long isolation after testing positive for coronavirus would end on Friday.

Turkey's key inflation gauge fell to 11.86% in March as expected as a drop in global oil prices provided some relief after four consecutive months of rises, the Turkish Statistical Institute said on Friday.

Kuwait supports Saudi Arabia's invitation for a meeting between OPEC and non-OPEC oil producers, an informal grouping known as OPEC+, to curb global oil supply and halt the oil price rout, oil minister Khaled al-Fadhel said on Friday.

Euro zone states that need aid from the bloc's bailout fund to tackle the economic fallout from the coronavirus outbreak should get it quickly without being subjected to lengthy visits and policy proposals from officials, Germany's finance minister said.

NEW YORK (Reuters Breakingviews) - Elon Musk has a chance to prove to skeptics that he has finally wrapped his head around the basics of running a carmaker. Tesla’s boss seems to have ironed out most of the production problems that have plagued the electric-car maker f

(RTTNews) - Banco Santander S.A. (BNC.L, BSBR, SAN)Friday said its board has decided to cancel the payment of the final dividend against 2019 results and the dividend policy for 2020.

Most Asian currencies fell on Friday and were on course to record weekly losses, as investors latched on to the safety of the U.S. dollar due to the worsening economic impact from the coronavirus pandemic.

Alphabet Inc's Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein in the spread of the novel coronavirus.

(RTTNews) - BNP Paribas (BNPQY.PK, BNP.L) announced its Board has decided to propose to the General Meeting not to proceed with the dividend payment initially planned for fiscal 2019 and to allocate the corresponding full amount to the reserve's account. The company said its AGM

South Africa's rand weakened for a third session in a row early on Friday as the growing likelihood of a global recession due to the spreading coronavirus compounded an already gloomy local economic outlook.

Oil prices shed some of their massive gains on Friday taking stocks in Asia lower, as doubts grew over an oil price deal between Saudi Arabia and Russia that U.S. President Donald Trump said he had brokered.

Novartis and Incyte plan to test their drug Jakavi in patients with coronavirus-caused COVID-19, joining other firms including Roche and Sanofi hoping to repurpose older medicines to help critically ill patients.