Finablr said on Thursday it would begin a probe into its financial arrangements and warned that travel restrictions to prevent the spread of coronavirus have hampered demand for its foreign exchange and payment services.
All global investors got from U.S. President Donald Trump's coronavirus package were a shock travel ban on Europe and a flashing signal to sell, and none of the large-scale tax breaks or medical tests for Americans they'd been expecting.
British car dealership Lookers said on Thursday Chief Operating Officer Cameron Wade would be leaving the company immediately, after being in the role for a little over a month.
Africa-focused Tullow Oil expects its free cash flow to slide to $50 million to $75 million this year at an oil price of $50 a barrel, and to break even at prices of $45 a barrel, it said on Thursday.
The European Central Bank is all but certain to unveil new stimulus measures on Thursday, pushing policy closer to its limits to help the euro zone economy cope with the shock of the coronavirus pandemic.
Nationwide power cuts across South Africa of up to 4,000 megawatts will last indefinitely, state power firm Eskom said on Thursday, as repairs take longer than anticipated.
South Africa's rand weakened sharply on Thursday along with other emerging market currencies as concerns over the economic impact of the coronavirus intensified after the World Health Organization (WHO) declared the outbreak a pandemic.
Austrian Post's reported a 5% fall in last year's operating profit due to provisions for a data privacy fine and said it would propose a stable dividend of 2.08 euros per share.
Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy - a sharp rise in payouts at a time of big investment losses.
Europe's banks have called on European Union authorities to ease capital rules and other regulatory barriers to helping businesses struggling because of the coronavirus epidemic.
Financial markets reeled on Thursday as stocks dived and oil slumped after U.S. President Donald Trump took the dramatic step of banning travel from Europe to stem the spread of coronavirus, threatening more disruptions to trade and the world economy.
(RTTNews) - Shares of semiconductor company Broadcom Inc. (AVGO) fell $16.93 or 6.44% on Wednesday to hit a new low of $242.93 before closing at $245.97.
Austrian fibres producer Lenzing on Thursday reported a 22% slump in 2019 profit due to a drop in prices and lower standard fibre volumes and said it expects its 2020 results to fall further.
Saudi Arabia has extended flight and travel bans over coronavirus fears to include the European Union and 12 other countries after announcing 24 new cases overnight to bring its total to 45, state media reported on Thursday.
Australia's Santos Ltd said on Thursday it will sell 25% of the Darwin LNG facility and the Bayu-Undan gas field off Northern Australia for $390 million, months after agreeing to buy ConocoPhillips' business in the region.
(RTTNews) - Fraport AG (FRA.DE, 0O1R.L, FPRUF.PK), the owner and operator of Germany's Frankfurt Airport or FRA, reported Thursday that FRA'S passenger traffic for February declined 4.0 percent to around 4.4 million passengers. The company noted that the Coronavirus outbreak con
(RTTNews) - European stocks look set to open lower on Thursday to extend losses from the previous session as investors asses the economic cost of a viral pandemic that is roiling global financial markets and disrupting the daily lives of people around the world.
South Africa's Exxaro Resources on Thursday reported a 13% rise in annual earnings as gains from its stake in Sishen Iron Ore offset lower earnings from coal.
Reuters
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