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Updated: 4 years 27 weeks ago

Timeline: India central bank takes control of bad loan-burdened Yes Bank

Fri, 03/06/2020 - 02:38
India's central bank took control of the country's fifth-largest private sector lender Yes Bank on Thursday and imposed limits on withdrawals, spreading confusion and fear among account holders.
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On the brink: China's bakers, bars and beauty spas struggle to survive coronavirus

Fri, 03/06/2020 - 02:29
The coronavirus outbreak in China is pushing many small businesses to the brink, as efforts to stem its spread left usually bustling streets deserted and malls shut or empty.
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Facebook, Google ask San Francisco staff to work from home as coronavirus spreads

Fri, 03/06/2020 - 02:15
Social media giant Facebook Inc and Alphabet Inc's Google on Thursday recommended their San Francisco Bay area employees work from home to minimize the risk of spreading coronavirus.
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Facebook, Google ask San Francisco staff to work from home amid coronavirus

Fri, 03/06/2020 - 01:35
Social media giant Facebook Inc and Alphabet Inc's Google on Thursday recommended their San Francisco Bay area employees to work from home to minimize the risk of spreading Covid-19.
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How Lipper Award-winning fund managers are playing coronavirus scare

Fri, 03/06/2020 - 01:08
Uncertainty over the economic impact of the coronavirus outbreak has prompted at least some winners of the U.S. Lipper Fund Awards to look for companies that can withstand a prolonged pullback.
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'Unsustainable': Mexico's Pemex buckling under crushing pension debt

Fri, 03/06/2020 - 01:02
Straining under a massive debt load and at risk of a ratings downgrade, Mexican state oil company Petroleos Mexicanos (Pemex) was hit with a record jump in its pension liabilities last year as more workers retired on generous benefits.
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Stocks battered by Treasury rally as virus sparks shake out

Fri, 03/06/2020 - 00:32
Asian shares and U.S. stock futures tumbled on Friday as disruptions to business from the coronavirus worsened, stoking fears of a prolonged global economic slowdown.
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Cathay Pacific to close Vancouver cabin crew base, cutting 147 roles

Fri, 03/06/2020 - 00:19
Hong Kong's Cathay Pacific Airways Ltd said on Friday it was closing its Vancouver cabin crew base, laying off 147 crew members, as part of an ongoing business review.
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U.S. employment report expected to show strength before coronavirus spread

Fri, 03/06/2020 - 00:16
U.S. job growth likely slowed in February, but the pace probably remained consistent with a healthy labor market despite the coronavirus outbreak, which stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.
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Oil slips amid demand concern, fears over OPEC+ deal for deeper output cuts

Thu, 03/05/2020 - 23:42
Oil slid nearly 1% on Friday as worries about global oil demand and economic growth slowdown caused by the coronavirus outbreak were heightened by concern over non-OPEC crude producers not yet having agreed to cut output further to support prices.
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HSBC sends home 100 London staff, confirms China coronavirus case

Thu, 03/05/2020 - 23:21
HSBC Holdings PLC has sent home more than 100 staff in London after a worker tested positive for the coronavirus, the first known case at a major company in Europe's main financial hub.
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Probe panel on Kansai Elec's graft scandal to report findings on March 14

Thu, 03/05/2020 - 22:36
An independent committee investigating a graft scandal at Kansai Electric Power Co , Japan's second-largest utility, will release its findings on March 14, a representative of the committee said on Friday.
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South Korea, Japan to hold export control talks via teleconference, Jiji says

Thu, 03/05/2020 - 22:17
South Korea and Japan will hold export control talks originally planned for March 10 in Seoul via teleconference, the Jiji news agency reported on Friday, reflecting the widening impact of the coronavirus outbreak.
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Stocks suffer, Treasury yields plumb new depths as virus spreads

Thu, 03/05/2020 - 21:18
Asian shares and U.S. stock futures fell on Friday following another Wall Street rout as disruptions to global business from the coronavirus beyond China worsened, stoking fears of a prolonged world economic slowdown.
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JPMorgan CEO Jamie Dimon undergoes emergency heart surgery

Thu, 03/05/2020 - 21:03
JPMorgan Chase & Co Chief Executive Jamie Dimon is recovering from emergency heart surgery that took place on Thursday morning, with two deputies taking over as he recuperates, the bank said.
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Airlines suspend flights due to coronavirus outbreak

Thu, 03/05/2020 - 20:48
Airlines have been suspending flights or modifying services in response to the coronavirus outbreak.
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Trump says U.S. economy could take hit from coronavirus

Thu, 03/05/2020 - 20:45
President Donald Trump said on Thursday the U.S. economy might take a hit from the coronavirus outbreak but predicted the challenge would eventually pass and defended his handling of the crisis.
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Wall Street drops over 3% on virus fears, travel shares slammed

Thu, 03/05/2020 - 20:02
U.S. stocks tumbled on Thursday, with shares of banks and travel companies taking a beating, as a new wave of fear about the spread of the coronavirus and its economic impact gripped investors just one day after election results powered a rally.
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Stock sell-off rolls to Asia, bonds rally on virus risk

Thu, 03/05/2020 - 19:59
Asian shares fell on Friday following another Wall Street rout as disruptions to global business from the coronavirus beyond China worsened, stoking fears of a prolonged world economic slowdown.
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Former UAW President Gary Jones charged in U.S. corruption probe

Thu, 03/05/2020 - 19:52
Former United Auto Workers (UAW) President Gary Jones was charged on Thursday with embezzling more than $1 million of union funds amid a U.S. corruption probe that has raised the specter of a federal government takeover of the union.
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