All global investors got from U.S. President Donald Trump's coronavirus package were a shock travel ban on Europe and a flashing signal to sell, and none of the large-scale tax breaks or medical tests for Americans they'd been expecting.
Britain's biggest supermarket Tesco does not expect to see anything more than short-term shortages of certain products as customers stockpile over coronavirus, its chairmain said on Thursday.
Food giant Nestle has mandated JPMorgan Chase & Co. to handle the sale of its struggling Chinese peanut milk business Yinlu that could be valued at about $1 billion, Bloomberg reported on Tuesday, citing sources familiar with the matter.
Automakers in China are calling on the government to help after industry-wide sales plunged 79% in February to mark their biggest ever monthly decline, with demand pummelled by the coronavirus outbreak.
Royal Dutch Shell Chief Executive Ben van Beurden's pay package halved last year to 10 million euros ($11.3 million) after the energy company suffered seven deaths and saw a drop in revenue.
European airline stocks already battered by the coronavirus plunged again on Thursday, as a U.S. travel ban on much of continental Europe deepened the sector's misery and piled pressure on governments to offer emergency support.
The Bank of Japan is ready to take further steps to support the economy in the face of the coronavirus epidemic, Governor Haruhiko Kuroda said after a meeting with Prime Minister Shinzo Abe on Thursday.
Global stocks plunged into a bear market and oil slumped on Thursday after U.S. President Donald Trump banned travel from Europe to stem the coronavirus, threatening more disruption to the world economy.
JP Morgan analysts have given up on their long-term "overweight" call on Boeing Co shares, cutting their price target for the company by $160 to just $210 dollars in a note to clients on Thursday.
Oil prices fell on Thursday following surprise travel restrictions imposed by U.S. President Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic.
Economist Mohamed El-Erian said Thursday, "Hell no," about so-called V-shaped bounce; Wall Street talk for a quick down and quick up. He said the market chart would look like a "U" or an "L."
U.S. lawmakers plan to unveil a bill on Thursday that could be used to block Huawei Technologies Ltd from accessing U.S. banks for certain transactions, in a bid to thwart the Chinese telecoms giant amid frustration over the failure of prior sanctions to curb its business.
Economist Mohamed El-Erian said Wall Street talk of a quick down and up won't become a reality. He said the market chart would look like a "U" or an "L," not a "V."
A group of investors in GameStop Corp has asked the video game retailer to appoint a shareholder nominee on the company's board.
United Airlines said on Thursday it had borrowed $2 billion to cope with an unprecedented disruption to the travel industry as the coronavirus pandemic leads to widescale flight cancellations and global travel bans.