Deutsche Bank said on Friday that the impact of the coronavirus outbreak may affect the lender's ability to meet its financial targets as the fragile bank undergoes a major revamp after years of losses.
Germany plans a half-trillion euro fund to support companies thrown into payments difficulties by the coronavirus crisis, which will have the ability to guarantee liabilities or even inject capital when needed, Der Spiegel reported on Friday.
Stock markets rebounded from some of their recent huge losses on Friday, pulling further away from three-year lows as central banks and governments pledged masses of cash to reduce the economic impact of the coronavirus pandemic.
The TV may be on more than you like. How to stay sane, get your work done and keep your kids happy when school's out and your workplace is your dining room.
CNBC's Jim Cramer said Friday the coronavirus-slammed stock market is due for bounce because there has been so much selling in recent weeks.
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Robert Herjavec, cybersecurity entrepreneur and "Shark Tank" investor, told CNBC that his directive to small businesses is to do whatever it takes to survive.
CNBC's Jim Cramer said Friday the coronavirus-slammed stock market is due for bounce because there has been so much selling in recent weeks.
President Donald Trump ordered the IRS federal income tax filing extension to help deal with the coronavirus pandemic's economic fallout, Treasury Secretary Steven Mnuchin said.
New York City businesses are struggling to make money and retain workers as the coronavirus continues to inflict economic pain.
"Can you imagine what it means for this country to just have three retailers?" CNBC's Jim Cramer said.
Glencore said on Friday that restrictions imposed by governments to curb the coronavirus outbreak has had some impact on its smaller operations in different countries.
A wave of credit rating downgrades in the corporate sector risks deepening a funding crisis for company bosses and spreading it to other markets.
Brazil's Senate on Friday approved a presidential decree declaring a national emergency over the coronavirus epidemic, allowing the government to waive fiscal targets and free up budget resources to fight the virus that has killed seven and infected 621 in the country.