February 28, 2020

Intesa Sanpaolo hires four additional advisers for UBI Banca bid

Intesa Sanpaolo has picked JP Morgan, Morgan Stanley, UBS and Equita Sim as advisers for its bid on rival UBI Banca , Italy’s biggest retail bank […]
February 28, 2020

Goldman expects 75 bps of Fed rate cuts by June

Goldman Sachs expects the coronavirus to drive the Federal Reserve to cut U.S. interest rates by 75 basis points by June it said on Friday, implying […]
February 28, 2020

Coty taps Jimmy Choo boss Pierre Denis as next CEO

Coty Inc on Friday named Jimmy Choo boss Pierre Denis as its next chief executive officer, replacing Pierre Laubies, betting on deep luxury fashion sector experience […]
February 28, 2020

Fed’s Bullard: U.S. rate cuts ‘a possibility’ if coronavirus intensifies, not base case

Federal Reserve rate cuts are ‘a possibility’ if the outbreak of coronavirus intensifies into a global pandemic with death rates approaching yearly flu outbreaks, St. Louis […]
February 28, 2020

Wall Street plunges at the open as pandemic fears heighten

U.S. stocks opened sharply lower on Friday as investors dumped equities amid a rapidly spreading coronavirus outbreak, which has raised fears of a possible global recession. […]
February 28, 2020

Revival gives Rolls-Royce confidence despite coronavirus

Rolls-Royce has got to grips with a long-running engine problem and enjoyed a strong end to 2019, leaving it well placed to cope with any disruption […]
February 28, 2020

U.S. consumer spending slows in January; income surges

U.S. consumer spending rose less than expected in January, a loss of momentum that could be exacerbated by the rapidly spreading coronavirus, which has triggered a […]
February 28, 2020

Coronavirus panic wipes $6 trillion off world stocks this week

Coronavirus panic sent world share markets skidding again on Friday, putting them on course for their worst weekly fall since the 2008 global financial crisis, with […]
February 28, 2020

Chinese maker of ‘Amazon coat’ weathers coronavirus impact with tax breaks, rent waivers

Orolay, the maker of the ‘Amazon coat’ that became a darling of U.S. fashion and social media a year ago, knows it is luckier than most […]
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