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Updated: 3 years 47 weeks ago
Stock futures fall as coronavirus-led rout continues
U.S. stock index futures dropped on Friday as a surge in coronavirus cases, which have already wiped nearly $3 trillion off stocks listed on the benchmark S&P 500 this week, triggered recession fears.
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Ex-Barclays bankers cleared over Qatar fees in blow to UK fraud office
Three former Barclays executives were acquitted in London on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar during the credit crisis, in return for rescue funding.
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Geneva car show axed as Swiss ban large events to fight virus
Switzerland on Friday banned large events expected to draw more than 1,000 people as an extraordinary measure to curb the new coronavirus epidemic, forcing cancellation of the Geneva car show next week.
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ECB rate setters see no need for action as coronavirus spreads
The European Central Bank does not need to take immediate action in response to the coronavirus epidemic, two ECB policymakers said on Friday, confounding market bets on a rate cut.
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Kenya's high court orders suspension of flights from China over coronavirus
Kenya's High Court on Friday ordered flights from China to be temporarily suspended over the coronavirus outbreak, following a petition by the Law Society of Kenya.
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OPEC leaning towards larger oil cuts as virus hits prices, demand: sources
Several key OPEC members are leaning towards a bigger than previously expected oil output cut, four sources with knowledge of the talks said, as oil prices fell to $50 per barrel on fears the coronavirus outbreak will hit oil demand badly.
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Coronavirus crash wipes $5 trillion off world stocks
Coronavirus panic sent world share markets skidding again on Friday, compounding their worst crash since the 2008 global financial crisis and pushing the week's wipeout in value terms to $5 trillion.
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Chinese maker of 'Amazon coat' weathers coronavirus impact with tax breaks, rent waivers
Orolay, the maker of the 'Amazon coat' that became a darling of U.S. fashion and social media a year ago, knows it is luckier than most Chinese small businesses trying to get back on their feet amid huge disruptions caused by the coronavirus epidemic.
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ECB's Weidmann: No need for immediate monetary policy action due to coronavirus
There is no need to take immediate monetary policy action due to the coronavirus outbreak, the European Central Bank's Jens Weidmann said on Friday, adding that remaining alert was however warranted.
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Investment advisers worry U.S. response to coronavirus is too little too late
Investment-advisers are increasingly worried that U.S. authorities are not be doing enough to prevent a widespread outbreak of coronavirus in the country, potentially adding further downside to already-battered markets.
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Geneva car show canceled due to corona woes
The Geneva car show that was set to begin next week has been canceled, organizers Palexpo said on Friday, blaming Swiss government heath measures designed to contain coronavirus.
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Former Barclays executives cleared after Qatar fraud trial
Three former Barclays executives were acquitted in London on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.
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Japan minister flying to Lebanon to make case for Ghosn's return
Japan's deputy justice minister is traveling to Lebanon this weekend to try to make the case that fugitive ex-Nissan Chairman Carlos Ghosn should stand trial in Japan.
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Aramco secures unconditional EU okay for $69 billion SABIC deal
World No. 1 oil producer Saudi Aramco has gained unconditional EU antitrust approval for its $69 billion bid for a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC), according to an EU filing.
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London jury clears former Barclays executives after fraud trial
Three former Barclays executives were acquitted in London on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.
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Hyundai Motor halts work at factory after worker tests positive for coronavirus
Hyundai Motor shut down a factory in South Korea on Friday after a worker tested positive for the new coronavirus, disrupting production of popular models such as Palisade sport utility vehicle.
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London Stock Exchange on track to close Refinitiv deal as clearing jumps
- The London Stock Exchange Group said on Friday it would complete its $27 billion takeover of analytics company Refinitiv on time this year as it reported a rise in annual income driven by a jump in clearing activity.
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China's big airlines resume some global flights halted by coronavirus
China's three biggest airlines have restored a fraction of the international flights they halted in the wake of a coronavirus outbreak, heeding a call from the aviation regulator as business activity recovers slowly.
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EasyJet to cancel flights as coronavirus hits demand
British budget airline easyJet said on Friday it would cancel flights and cut costs across its business after the coronavirus outbreak hit demand for travel to Italy and other European markets.
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Volkswagen reaches deal with consumer group over diesel scandal: court
Volkswagen and a major German consumer group have reached an agreement in a class action lawsuit over the carmaker's rigging of diesel emissions tests, a court in the northern city of Brunswick said on Friday.
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