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Uber suspends taxi service in Saudi Arabia until further notice: statement

Reuters Business News - Fri, 03/20/2020 - 10:53
Uber Taxi suspended its operations in Saudi Arabia until further notice due to measures announced by interior ministry, a company statement said on Friday.
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Bank of America adds 1,700 support staff in March

Reuters Business News - Fri, 03/20/2020 - 10:52
Bank of America Corp's consumer bank has hired 1,700 people in critical support roles so far this month, a spokesman said on Friday, as the industry faces a surge in customer service demand due to coronavirus concerns.
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Coronavirus leaves 300,000 EU citizens stranded abroad - Borrell

Reuters Business News - Fri, 03/20/2020 - 10:52
As many as 300,000 European Union citizens are seeking repatriation due to the coronavirus outbreak, with Latin America and Southeast Asia two regions from where it is proving tough to get people home, the EU's top diplomat said on Friday.
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Coronavirus death toll in England rises to 167

Reuters Business News - Fri, 03/20/2020 - 10:44
A further 39 people have died in England after testing positive for the coronavirus, bringing the total number of confirmed deaths in the country to 167, the National Health Service said on Friday.
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Steep capacity cut leaves airlines with overhedged jet fuel headache

Reuters Business News - Fri, 03/20/2020 - 10:42
The collapse in global passenger flights has left airlines with fresh challenges: how to manage overhedged jet fuel positions as oil prices crashed to just a third of some contracts agreed in anticipation of rising prices and solid air travel demand.
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French nuclear plants tighten hygiene procedures over coronavirus worries

Reuters Business News - Fri, 03/20/2020 - 10:41
French utility EDF is introducing stricter hygiene procedures at its nuclear plants after walk-outs by a small number of workers who feared getting infected with coronavirus during radiation screening, union and industrial sources said on Friday.
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Poland donates 430 thousand litres of confiscated spirits for disinfectant

Reuters Business News - Fri, 03/20/2020 - 10:40
Nearly half a million litres of confiscated vodka and rectified spirit will be sent to Polish public institutions in need of disinfectant amid the coronavirus outbreak, Poland's prosecutor's office said on Friday.
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Glencore says coronavirus-related restrictions affect its smaller operations

Reuters Business News - Fri, 03/20/2020 - 10:35
Glencore said on Friday that restrictions imposed by governments to curb the coronavirus outbreak has had some impact on its smaller operations in different countries.
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Downgrade doom looms for coronavirus-hit firms and markets

Reuters Business News - Fri, 03/20/2020 - 10:33
A wave of credit rating downgrades in the corporate sector risks deepening a funding crisis for company bosses and spreading it to other markets.
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Brazil Senate approves state of emergency to fight coronavirus

Reuters Business News - Fri, 03/20/2020 - 10:27
Brazil's Senate on Friday approved a presidential decree declaring a national emergency over the coronavirus epidemic, allowing the government to waive fiscal targets and free up budget resources to fight the virus that has killed seven and infected 621 in the country.
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Sri Lanka imposes curfew as South Asia steps up coronavirus battle

Reuters Business News - Fri, 03/20/2020 - 10:22
Sri Lanka imposed a nationwide weekend curfew on Friday as South Asian countries escalated efforts to check the spread of coronavirus across the densely populated region of 1.9 billion people.
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Bayer mediator says glyphosate settlement talks slowed by coronavirus

Reuters Business News - Fri, 03/20/2020 - 10:19
Negotiations between Bayer AG and plaintiff lawyers to settle claims its glyphosate-based weedkillers cause cancer have been slowed by the coronavirus outbreak, according to the mediator in the talks.
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Wall Street advances at end of blistering week

Reuters Business News - Fri, 03/20/2020 - 10:14
Wall Street's main stock indexes rose more than 1% on Friday, as dramatic intervention by U.S. policymakers halted the worst monthly selloff in U.S. equities in three decades.
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Ford to bring forward UK summer shutdown due to coronavirus

Reuters Business News - Fri, 03/20/2020 - 10:10
Ford will bring forward part of the summer shutdown for its British engine plants to Easter due to the coronavirus outbreak.
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U.S. home sales hit 13-year high; coronavirus disruption looms

Reuters Business News - Fri, 03/20/2020 - 10:04
U.S. home sales surged to a 13-year high in February, but the housing market recovery is likely to be derailed by the coronavirus pandemic, which has unleashed a wave of layoffs and left the economy teetering on the brink of a recession.
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Airlines face reckoning as government help comes with strings attached

Reuters Business News - Fri, 03/20/2020 - 10:00
Shattered airlines were left counting the cost of government support as countries from the United States to New Zealand set out conditions for bailouts needed to absorb the shock of the coronavirus pandemic.
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Fed increases frequency of swap line operations with other major central banks

Reuters Business News - Fri, 03/20/2020 - 09:54
The U.S. Federal Reserve said on Friday that it would enhance the U.S. dollar liquidity swap line arrangements it has with several major central banks.
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'Demand destruction' - analysts race to lower outlooks for oil

Reuters Business News - Fri, 03/20/2020 - 09:50
Traders and analysts are struggling to revise down their forecasts for oil demand fast enough, as government lockdowns to contain the coronavirus outbreak have rapidly cut fuel consumption.
Categories: Reuters

U.S. moves tax day to July 15 -Treasury's Mnuchin

Reuters Business News - Fri, 03/20/2020 - 09:47
The U.S. government is moving its tax filing day from April 15 to July 15, Treasury Secretary Steven Mnuchin said on Friday amid the coronavirus crisis afflicting the country.
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Divided G20 faces pressure to lead global response to coronavirus

Reuters Business News - Fri, 03/20/2020 - 09:40
The Group of 20 major economies faces mounting pressure to bridge internal divisions and unite against the coronavirus, just as it coalesced to address the 2008-09 global financial crisis.
Categories: Reuters
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