March 31, 2020

S&P 500 set for worst first quarter since 1938

Wall Street was set to open lower on Tuesday, with the S&P 500 headed for its worst first quarter since 1938 as evidence grew of the […]
March 31, 2020

U.S. unemployment offices sitting on mountain of pending claims

Last week’s record-setting U.S. jobless claims number will be quickly surpassed, economists and state officials predict, as local labor offices digest a pile of pending applications, […]
March 31, 2020

Furniture giant IKEA making masks to help fight coronavirus

Furniture giant IKEA is producing face masks and other protective gear for hospitals, joining a growing list of companies branching out of their normal business areas […]
March 31, 2020

IMF extends bilateral borrowing arrangements through 2023

The International Monetary Fund said on Tuesday its board approved a new three-year framework for bilateral borrowing agreements, ensuring that its full $1 trillion lending capacity […]
March 31, 2020

Rolls-Royce targets in jeopardy as pandemic brings air travel slump

British aero-engine maker Rolls-Royce will likely have to slash its 2020 cash flow target after airline customers parked hundreds of planes due to the coronavirus pandemic, […]
March 31, 2020

Ford delays North American production restart over coronavirus concerns

Ford Motor Co said on Tuesday it was postponing its plan to restart production at its North America plants due to safety concerns for its workers […]
March 31, 2020

Google Japan defends impartiality of search results amid lockdown rumors

Google on Tuesday defended the impartiality of its search results after users in Japan seeking to corroborate rumors of an imminent state of emergency declaration by […]
March 31, 2020

Dollar surges on quarter-end flows; outlook robust

The dollar climbed against a swathe of currencies on Tuesday amid fiscal year-end demand by Japanese firms while the Australian dollar slipped despite a Chinese survey […]
March 31, 2020

Microsoft clarifies Teams usage surged 775% in Italy

Microsoft Corp said it has seen a 775% jump in a month for Teams calling and meeting in Italy, withdrawing an earlier statement that the surge […]
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