A measure of market liquidity—or the lack thereof—designed by a group of analysts at Goldman Sachs illustrates how it has evaporated for U.S. stocks over the past month.
(RTTNews) - Indian shares fell for the third day running on Wednesday, with key benchmark indexes dropping to their lowest levels in three years, as a spreading coronavirus pandemic threatened to bring the world to a halt.
(RTTNews) - General Mills (GIS) said, for fiscal 2020, the company now expects constant-currency adjusted earnings per share to increase 6 to 8 percent from the base of $3.22 earned in fiscal 2019, which is ahead of the previous guidance range of 3 to 5 percent growth. Constant-
The COVID-19 pandemic has thrown U.S. stocks into a bear market, ending a decade-long run higher since the end of the financial crisis in 2009. Many favorite stocks among investors have taken hard hits, and the S&P 500 has fallen more than 25% in just the past month.
A frenzied global scramble for U.S. dollars fuelled by concerns over the deepening coronavirus pandemic has mostly passed over China, even as other central banks roll out extraordinary funding operations.
Kenyan banks will allow personal borrowers who get into difficulties because of the coronavirus pandemic to extend their loans for up to a year, the central bank governor said on Wednesday.
(RTTNews) - Volkswagen Group (VKW.L, VLKAF.PK, VOW.BE) announced, as part of the second phase of TRANSFORM 2025+ strategy, Volkswagen Passenger Cars brand will deliver ID.3 all-electric car based on the new MEB electric platform to customers starting this summer. This will be fo
Nokia on Wednesday postponed its annual shareholders meeting which was scheduled for April 8 and set to approve the appointment of Sari Baldauf as chairman of the Finnish telecom equipment maker.
Schools across Britain were struggling to stay open on Wednesday, with some forced to partially or fully close as staff and students stayed at home because of the spread of coronavirus.
(RTTNews) - Retailer Gap Inc. (GPS) on Wednesday announced that it will temporarily close all its stores in North America effective March 19, as a result of the escalating COVID-19 pandemic.
Officers from China's top internal security force - the People's Armed Police – joined Hong Kong police on the frontlines to observe anti-government protests that peaked last year, according to a senior foreign diplomat and an opposition politician.
China stocks gained more than 1% on Wednesday as Beijing signalled support for its financial markets hit hard by the coronavirus pandemic, while a drop in locally transmitted cases in the mainland also supported sentiment.
Indonesian police have ordered retailers to ration purchases of staple foods to contain panic buying amid a spike in coronavirus cases in the Southeast Asian country, while the president weighed up a cut in fuel prices to reflect tumbling oil prices.
Australia's largest self-storage operator, National Storage REIT, said on Wednesday that Public Storage decided not to pursue a takeover offer of $1.25 billion, because of market conditions caused by the coronavirus outbreak.
South Africa's central bank will cut interest rates by 50 basis points on Thursday, more than expected a week ago, following aggressive moves by other major central banks trying to mitigate damage from the coronavirus outbreak, a Reuters poll forecast.
China's yuan weakened on Wednesday as strong global demand for U.S. dollars boosted the greenback, and after the People's Bank of China (PBOC) guided the currency lower through its daily fixing.
The dollar edged down on Wednesday amid signs central bank measures were beginning to ease some of the funding squeeze, although it retained most of its whopping overnight gains on mounting fears about the fallout from the coronavirus crisis.
Packed onto a plane full of fellow Chinese students heading home from the United States, 20-year-old Harvard University undergraduate Roger Zhang wore goggles to ward off the coronavirus for hours until they became just too uncomfortable.
(RTTNews) - Canadian cannabis company Canopy Growth Corp. (CGC, WEED.TO) said Tuesday that it has decided to temporarily close all corporate-owned Tokyo Smoke and Tweed retail locations across Canada due to the COVID-19 outbreak. The company will move all its sales online.
With New York city poised to follow San Francisco with a "shelter in place" order over fears of the coronavirus spreading, anxiety is rising inside major U.S. banks about differing work-from-home policies.