China is widely expected to cut its benchmark lending rate on Friday to help its virus-stricken economy, a survey of traders and analysts found, though borrowing costs on medium-term loans were left unchanged earlier this week.
British online supermarket Ocado said growth in the last three weeks was double that of its first quarter, as panicked shoppers stock up on goods ahead of an expected shutdown to tackle the coronavirus.
World leaders raced to shore up panic-stricken global markets on Thursday, pouring liquidity into the financial system as investors everywhere dumped assets, switching to dollars in cash amid the escalating coronavirus pandemic.
Amazon.com Inc on Thursday said it was closing a small New York warehouse temporarily after one of its associates tested positive for the coronavirus, a move that highlights the operational risk it faces as the disease spreads.
Financial trading platform IG Group reported a 29% jump in third-quarter revenue on Thursday, as client activity on its website peaked due to "exceptionally high" market volatility set off by the coronavirus outbreak and the oil price crash.
Bezeq Israel Telecom reported a sharply narrower net loss in the fourth quarter as it continued to be impacted by large write downs in its various subsidiaries.
Bank Hapoalim, Israel's largest lender, said on Thursday it swung to a loss in the fourth quarter due to the costs of settling a U.S. tax evasion probe and provisions for credit losses related to the coronavirus outbreak.
Hong-Kong based insurer FWD Group said on Thursday that it would sell a contract for its bancassurance products with Thailand's TMB Bank to Prudential PLC's life assurance arm in Thailand for 20 billion baht ($612.93 million).
Government bond yields across the euro area slid sharply on Thursday after the European Central Bank stepped in with emergency stimulus measures to calm panicked markets in the face of the coronavirus outbreak.
Iraq's Oil Marketing Company (SOMO) has informed its customers it is unable to compensate for a big jump in freight costs for crude oil cargoes heading to Europe and the Americas in April, a copy of a notice reviewed by Reuters showed on Thursday.
Two British bankers were handed suspended jail terms on Wednesday and one a 14 million euro penalty in Germany's biggest post-war fraud trial of a scam involving multi-billion-euro trades to get bogus tax reclaims.
British engineer Meggitt said it was leading a consortium of UK aerospace suppliers to develop and produce in large volumes a ventilator to help tackle coronavirus.
(RTTNews) - The Vossloh Group (VOSSF.PK) reported a net loss of 136.8 million euros in fiscal 2019 compared to profit of 22.7 million euros, previous year. Loss per share was 8.32 euros compared to profit of 1.14 euros. Adjusted EBIT was 55.7 million euros compared to 54.2 milli
(RTTNews) - Dr. Reddy's Laboratories Ltd. (RDY) announced Thursday the launch of Naloxone Hydrochloride Injection USP, 2 mg/2 mL (1 mg/mL) Single-dose
Prefilled Syringe in the U.S. market.
The dollar resumed its relentless climb against major currencies on Thursday as wild financial market volatility and worries over tightening liquidity triggered by the coronavirus pandemic sparked an investor flight into cash.
(RTTNews) - HeidelbergCement (HDELY.PK) said, due to the fast spread of the coronavirus, a valid outlook on the 2020 business year is currently not possible. The Group previously projected a slight increase in revenue and result from current operations.
South Africa's rand tumbled to a more than four-year low on Thursday ahead of an interest rate decision, as the coronavirus pandemic sparked a flight away from riskier assets.
South African retailer Massmart said on Thursday it had decided to close all of its non-performing stores, as cash-strapped consumers battle with high unemployment, modest wage increases and higher average fuel and utility prices.
Reuters
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