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Updated: 4 years 26 weeks ago

Ryanair to cut Italy flights by 25% due to coronavirus

Mon, 03/02/2020 - 12:55
Ryanair will cut capacity in and out of Italy, its largest market, by 25% for three weeks due to a significant drop off in bookings since a coronavirus outbreak, Europe's biggest low-cost airline said on Monday.
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White House set to meet with senior airline, cruise industry officials

Mon, 03/02/2020 - 12:54
The White House will hold meetings this week with top executives from U.S. airlines and the cruise industry amid the growing coronavirus outbreak, a spokeswoman for Vice President Mike Pence confirmed Monday.
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Banks in Europe step up coronavirus contingency trading plans

Mon, 03/02/2020 - 12:53
Banks and exchanges in Europe are readying out-of-town offices, splitting shifts and isolating some teams to ensure they can keep trading if coronavirus spreads in more major financial centers.
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Gilead buys Forty Seven for $4.9 billion to bolster cancer drug pipeline

Mon, 03/02/2020 - 12:52
Gilead Sciences Inc said on Monday it would buy Forty Seven Inc for $4.9 billion in cash, adding an experimental treatment that targets blood cancer to its portfolio of oncology drugs.
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UK to consider opposition to digital tax in pursuit of U.S. trade deal

Mon, 03/02/2020 - 12:51
Britain said on Monday it would consider opposition to its plan to impose a new digital tax on big tech companies like Google, Facebook and Amazon as part of its ambition to agree a free trade deal with the United States.
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UK trade minister says hopes to start U.S. trade deal talks as quickly as possible

Mon, 03/02/2020 - 12:51
Britain is aiming to begin negotiations on a post-Brexit trade deal with the United States as quickly as possible, trade minister Liz Truss said on Monday.
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Coronavirus hits global factories; chances of monetary policy easing rise

Mon, 03/02/2020 - 12:25
Global factories took a beating in February from the coronavirus outbreak, with activity in China shrinking at a record pace, surveys showed on Monday, raising the prospect of a coordinated policy response by central banks to prevent a global recession.
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British Airways cancels some flights to United States as coronavirus hits demand

Mon, 03/02/2020 - 12:23
British Airways on Monday said it was cancelling some flights from London to the United States to match reduced demand for flying due to the impact of a new coronavirus on consumer sentiment.
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Wall Street gains as investors buy the dip; stimulus measures in focus

Mon, 03/02/2020 - 12:05
U.S. stock indexes rose on Monday, recovering from steep declines amid a spell of bargain hunting, while investors hoped that monetary stimulus from central banks would help tide over the potential economic impact of the coronavirus.
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Exclusive: Newly obtained documents show Huawei role in shipping prohibited U.S. gear to Iran

Mon, 03/02/2020 - 11:39
China’s Huawei Technologies, which for years has denied violating American trade sanctions on Iran, produced internal company records in 2010 that show it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator.
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Oil up over 2% as hopes of OPEC cut, stimulus counter virus gloom

Mon, 03/02/2020 - 11:35
Oil prices rose over 2% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
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Blackstone reshuffles London energy team amid Siccar Point sale attempt

Mon, 03/02/2020 - 11:32
Blackstone Group Inc has reshuffled its London-based private equity team in charge of energy while trying to sell all or part of its flagship investment, North Sea oil and gas producer Siccar Point.
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Traders bet on big Fed rate cuts as virus spreads

Mon, 03/02/2020 - 11:23
The U.S. central bank will deliver a big dose of stimulus starting this month in a bid to protect the world's biggest economy from the impact of the spread of the new coronavirus, based on the price of futures contracts tied to the Federal Reserve's policy rate.
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Futures traders bet on big U.S. rate cut by Fed this month

Mon, 03/02/2020 - 10:46
The U.S. central bank will deliver a big dose of stimulus this month in a bid to protect the world's biggest economy from the impact of the spread of the new coronavirus, traders of futures contracts tied to the Federal Reserve's policy rate are betting.
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Wall Street up in choppy trade, stimulus measures take center stage

Mon, 03/02/2020 - 10:44
U.S. stock indexes were slightly higher in choppy trading on Monday, as investors assessed the efficacy of further monetary stimulus amid the growing economic impact of the coronavirus outbreak.
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Japanese minister tells Lebanon Ghosn should stand trial in Japan

Mon, 03/02/2020 - 10:23
Fugitive ex-Nissan boss Carlos Ghosn should stand trial in Japan, a Japanese government minister told the Lebanese government during a visit to Beirut on Monday, adding that Beirut had agreed to cooperate but without saying how.
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Goldman Sachs halts non-essential foreign business travel: memo

Mon, 03/02/2020 - 10:21
Goldman Sachs Group Inc has told its staff that all non-essential international business travel should be postponed, according to a memo seen by Reuters.
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Oil up as hopes of OPEC cut, stimulus counter virus gloom

Mon, 03/02/2020 - 10:13
Oil prices rose on Monday, reversing an earlier fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
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Deere names CEO John May chairman

Mon, 03/02/2020 - 09:38
Farm equipment maker Deere & Co on Monday named Chief Executive Officer John May chairman, effective May 1.
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Advent/Cinven-led consortium to spend 'billions' on expanding Thyssenkrupp Elevator

Mon, 03/02/2020 - 09:05
(This March 1 story has been refiled to show that the consortium is led by Advent and Cinven)
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