April 16, 2020

Global stocks seesaw, yields fall on dire economic outlook

World stock markets seesawed while bond yields retreated on Thursday as dire U.S. jobless data underscored a deepening downturn amid the coronavirus pandemic and tamped down […]
April 16, 2020

Hand-holding in the pandemic: Wealth managers grapple with new reality

During the early days of March, Jill Fopiano was having trouble sleeping, waking up at 3 o’clock in the morning, maybe 4 o’clock. She’d been watching […]
April 16, 2020

Morgan Stanley profit plunges, warns of more pain ahead

Morgan Stanley Chief Executive Officer James Gorman warned that the bank would take “longer to achieve” its medium-term financial targets due to the coronavirus crisis, after […]
April 16, 2020

Individual ashtrays, hourly disinfection: French carmakers eye production restart

Peugeot-owner PSA and Renault are planning new safety measures in a push by France’s major industrial groups for a breakthrough with workers to reopen some factories […]
April 16, 2020

DHL struggles to cope as online parcel volumes surge

Delivery business DHL is struggling to cope with a flood of parcels from online purchases due to the coronavirus crisis, forcing it to cut back extra […]
April 16, 2020

British insurer Aviva halts executive bonuses, pay rises

British insurer Aviva said on Thursday its executive directors and leadership team would not be considered for any bonus for 2020 until dividends are restarted. Powered […]
April 16, 2020

Barrick expects to meet annual targets despite coronavirus-led lockdowns

Barrick Gold said on Thursday it was on track to meet its full-year production targets even as it reported an 8.5% drop in first-quarter gold output […]
April 16, 2020

Luxury department store retailer Neiman Marcus Group skipped bond payment: letter

Neiman Marcus Group skipped a bond payment due this week to Marble Ridge Capital LP, according to a letter from the hedge fund to the luxury […]
April 16, 2020

Facebook’s Libra cryptocurrency revamped after backlash

Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval. […]
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