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Kuwait suspends flights to and from seven countries over coronavirus: tweet

Reuters Business News - Fri, 03/06/2020 - 18:50
Kuwait suspended on Saturday all flights to and from Egypt, Lebanon, Syria, Bangladesh, Philippines, India, and Sri-Lanka for a week starting on Saturday, Kuwait's civil aviation directorate said in a tweet.
Categories: Reuters

Coronavirus concerns drag down Wall Street, but indexes eke out weekly gains

Reuters Business News - Fri, 03/06/2020 - 18:49
U.S. stocks fell on Friday as fears of economic damage from the spread of the coronavirus intensified, though Wall Street's major indexes ended well above their session lows.
Categories: Reuters

Bank of America starts asking clients for coronavirus contingency plans

Reuters Business News - Fri, 03/06/2020 - 17:55
Bank of America Corp is asking clients about their coronavirus exposure and preparations as part of its evaluation process of which deals to underwrite, according to sources.
Categories: Reuters

White House considers tax relief for airlines, travel firms amid coronavirus

Reuters Business News - Fri, 03/06/2020 - 17:55
The Trump administration is weighing tax relief for airline, cruise and travel industries to help such companies cope with a growing coronavirus outbreak that has dried up bookings, a source familiar with the plan said on Friday.
Categories: Reuters

Oil takes biggest daily dive in over a decade as Russia, OPEC split

Reuters Business News - Fri, 03/06/2020 - 17:52
Brent slid to its biggest daily loss in more than 11 years on Friday after Russia balked at OPEC's proposed steep production cuts to stabilize prices hit by economic fallout from the coronavirus, and OPEC responded by removing limits on its own production.
Categories: Reuters

U.N. cancels some meetings ahead of climate summit due to coronavirus

Reuters Business News - Fri, 03/06/2020 - 17:19
The United Nations has canceled some meetings in Bonn, Germany, and elsewhere planned in the run-up to a crucial U.N. climate summit to be held in Glasgow, Scotland, in November due to the coronavirus outbreak, an official said on Friday.
Categories: Reuters

Second coronavirus death confirmed in England

Reuters Business News - Fri, 03/06/2020 - 17:11
A second patient in England who tested positive for coronavirus has died, England's Chief Medical Officer Chris Whitty confirmed on Friday.
Categories: Reuters

U.S. House panel faults FAA review of Boeing 737 MAX, plane design failures

Reuters Business News - Fri, 03/06/2020 - 16:55
A U.S. House investigative report into two fatal Lion Air and Ethiopian Airlines crashes on a Boeing 737 MAX faulted the Federal Aviation Administration's (FAA) approval of the plane and Boeing's "design failures."
Categories: Reuters

Bond yields slide to record lows, stocks succumb to virus fears

Reuters Business News - Fri, 03/06/2020 - 16:54
Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market.
Categories: Reuters

Colombia confirms its first case of coronavirus

Reuters Business News - Fri, 03/06/2020 - 16:43
Colombia confirmed its first case of coronavirus on Friday, joining other South American countries that have reported cases of the fast-spreading disease.
Categories: Reuters

Tesla CEO Elon Musk tweets that 'coronavirus panic is dumb'

Reuters Business News - Fri, 03/06/2020 - 16:38
Tesla Inc's Chief Executive Officer Elon Musk tweeted on Friday that the coronavirus "panic" was "dumb".
Categories: Reuters

JPMorgan CEO Dimon 'feels really good' after emergency surgery: sources

Reuters Business News - Fri, 03/06/2020 - 16:34
JPMorgan Chase & Co Chief Executive and Chairman Jamie Dimon told senior colleagues he "feels really good" after undergoing emergency heart surgery, and his doctors are "happy" with his recovery so far, sources familiar with the matter told Reuters on Friday.
Categories: Reuters

JPMorgan CEO Jamie Dimon recovering after emergency heart surgery

Reuters Business News - Fri, 03/06/2020 - 16:34
JPMorgan Chase & Co CEO and Chairman Jamie Dimon is recovering from emergency heart surgery done on Thursday morning, with two deputies taking over as he recuperates, the largest U.S. bank said.
Categories: Reuters

Standard U.S. economic weapons may be inadequate for coronavirus crisis

Reuters Business News - Fri, 03/06/2020 - 16:30
As the risks of the coronavirus outbreak continue to rise, U.S. officials are wrestling with what to do in the worst-case economic scenarios, if large numbers of people can't go to work, are told to stay home, or stop going out in public entirely.
Categories: Reuters

UAE discovers 15 new coronavirus cases: ministry of health

Reuters Business News - Fri, 03/06/2020 - 16:20
United Arab Emirates discovered late on Friday 15 new coronavirus cases, the health ministry announced in a statement.
Categories: Reuters

Costa Rica confirms first coronavirus case in Central America

Reuters Business News - Fri, 03/06/2020 - 16:15
Costa Rica's government on Friday said it confirmed its first case of coronavirus, in a 49-year-old woman from the United States who is in the Central American nation with her husband.
Categories: Reuters

Wall Street ends lower as coronavirus fears grow

Reuters Business News - Fri, 03/06/2020 - 16:09
U.S. stocks fell on Friday as fears of economic damage from the spread of the coronavirus intensified, though Wall Street's major indexes ended well above their session lows
Categories: Reuters

BofA starts asking clients for contingency plans during underwriting assessment process

Reuters Business News - Fri, 03/06/2020 - 16:04
Bank of America Corp is asking clients about their coronavirus contingency plans as part of its evaluation process of which deals to underwrite, according to sources.
Categories: Reuters

Mastercard shuts Sao Paulo office, NY site after employee diagnosed with coronavirus

Reuters Business News - Fri, 03/06/2020 - 15:55
Mastercard Inc closed its office in Sao Paulo and an annex location near its headquarters in New York after an employee was diagnosed with coronavirus.
Categories: Reuters

Saudi Arabia suspends public attendance at sports events until further notice

Reuters Business News - Fri, 03/06/2020 - 15:42
The Saudi ministry of sports announced on Friday it will suspend public attendance at all sports events starting Saturday, a statement from the ministry reported.
Categories: Reuters
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