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Updated: 4 years 29 weeks ago
Advertisers shun coronavirus coverage, hastening news media battle for survival
From Rupert Murdoch's News UK to McClatchy's chain of local newspapers across the United States, news publishers are attracting record numbers of readers as people in lockdown seek information about the coronavirus pandemic.
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U.S. weekly jobless claims seen hovering near record highs
The number of Americans seeking unemployment benefits in the last three weeks likely totaled a staggering 15 million as tough measures to control the novel coronavirus outbreak abruptly ground the country to halt, which would cement views the economy was in deep recession.
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UBS and Credit Suisse to partially postpone dividend payout
UBS and Credit Suisse have decided to pay out part of their dividend for 2019 later this year after financial markets watchdog FINMA criticised the Swiss banks' decision to maintain a full payout during the coronavirus crisis.
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Swiss financial watchdog welcomes UBS' and Credit Suisse's dividend decisions
Swiss financial watchdog Finma said on Thursday it welcomed a decision by UBS and Credit Suisse to pay out half of their dividends for 2019 in the fourth quarter of 2020 despite their strong capital decisions.
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Commodity currencies hold firm on hopes of pandemic peak, oil output cut
Commodity currencies drew support on Thursday from hopeful signs the coronavirus pandemic may be peaking and that major oil producers may agree to cut output to stem a plunge in oil prices.
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Russia, Saudi to debate oil output cuts as U.S. resists joining
OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their efforts to address the slump in prices wrought during the coronavirus pandemic have been complicated by mutual animosity and the reluctance of the United States to join the action.
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Zoom hires ex-Facebook security chief as Google bans desktop app
Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser as safety and privacy concerns about its fast-growing video-conferencing app drive a global backlash against the company.
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Zoom sued for overstating, not disclosing privacy, security flaws
Zoom Video Communications Inc was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted.
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Asian stocks gain on hopes pandemic is approaching peak
Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures, while expectations of an oil production cut agreement bolstered crude prices.
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U.S. senator to liquidate individual stock shares after coronavirus flap
U.S. Senator Kelly Loeffler said on Wednesday she would liquidate her individual stock share positions after the wealthy Republican and her husband were criticized over sales of millions of dollars in stock during the coronavirus outbreak.
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Exxon used economic uncertainty to push for Paulsboro, N.J., contract: sources
Exxon Mobil Corp used economic uncertainty tied to the coronavirus pandemic to urge workers at its lubricants and packaging plant in Paulsboro, New Jersey, to vote for a proposed contract, according to two sources familiar with the matter.
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Exclusive: Airbnb to restrict bookings on its platform in Britain
Home rental firm Airbnb will block British bookings on its platform for the vast majority of customers on Thursday, allowing only key workers to stay in properties for as long as emergency government coronavirus restrictions are in place.
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Mexican president lashes out at companies over layoffs, taxes as big business seethes
Mexico's president threw himself into a new confrontation with businesses on Wednesday, accusing big companies of not paying taxes and upbraiding others for laying off workers during the coronavirus crisis.
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Crude futures climb ahead of OPEC+ meeting
Crude futures rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with the coronavirus-driven collapse in global oil demand.
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Risk currencies buoyed by cautious hopes pandemic is peaking
Risk-sensitive currencies climbed on Thursday on budding optimism the coronavirus pandemic may be peaking although the euro was dented by the European Union's failure to agree on more support for their weakened economies.
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Mexico auto sector to resume operations once U.S. industry gears up
Mexican President Andres Manuel Lopez Obrador said on Wednesday the domestic auto sector can resume operations shortly after the U.S. industry gears up from a coronavirus-led halt, to avoid further disruption to closely interconnected supply chains.
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Asia shares set to follow Wall Street's rally
Asian shares were poised to track Wall Street's gains on Thursday on hopes the coronavirus pandemic is nearing a peak and that governments would roll out more stimulus measures.
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U.S. senators question Amazon CEO about firing of warehouse protest leader
Five Democratic lawmakers on Wednesday wrote Amazon.com Inc to raise concern about its firing of a worker who protested warehouse operations during the coronavirus pandemic, according to a copy of the letter seen by Reuters.
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Coming next from the Fed: How much for Main Street?
The U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companies could raise cash as they usually do through large capital markets.
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Wall Street rallies on hopeful coronavirus signs, healthcare lift
U.S. stock markets jumped on Wednesday on hopeful signs about the coronavirus outbreak in the United States was close to a peak, with health insurers getting an additional lift from Bernie Sanders' decision to suspend his presidential campaign.
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