March 19, 2020

Dollar rampage spurs FX interventions, speculation of big G7 move

From Brazil to Norway, policymakers are leaping to defend currencies against the onslaught of the dollar which scaled three-year peaks on Thursday, raising speculation that a […]
March 19, 2020

Latin America’s largest airline to halve pay for its 43,000 employees

LATAM Airlines Group , South America’s largest carrier, will cut pay to its 43,000-strong workforce by 50% for three months due to economic fallout from the […]
March 19, 2020

Wall Street ends higher to stem coronavirus selloff

U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial […]
March 19, 2020

Remote work during coronavirus outbreak puts millions more on Microsoft Teams, Slack

Microsoft Corp’s Teams chat and conferencing app gained more than 12 million daily users in one week, a 37.5% jump as more people worked from home […]
March 19, 2020

Tesla cuts U.S. factory staff to curb virus, Musk offers to produce ventilators

Tesla Inc has told employees it reduced the number of workers at its California vehicle factory to curb the spread of coronavirus as Chief Executive Elon […]
March 19, 2020

Bank of England ramps up bond-buying, cuts rates to near zero

The Bank of England promised 200 billion pounds of bond purchases and cut its key interest rate to 0.1% in a second emergency move in just […]
March 19, 2020

Siemens board member Sen leaves, Siemens Energy gets new CEO

Siemens managing board member Michael Sen will no longer take charge of the new energy business which the German engineering group wants to spin off later […]
March 19, 2020

British banks grapple with business demands for coronavirus lifelines

Some banks in Britain are struggling to provide financial support to homeowners and businesses battered by the coronavirus pandemic, with demand surging after the government announced […]
March 19, 2020

Analyst View: Fed opens central bank swap lines to stave off coronavirus slump

The U.S. Federal Reserve on Thursday opened the taps for central banks in nine new countries to access dollars in hopes of preventing the coronavirus epidemic […]
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