The coronavirus outbreak in China is pushing many small businesses to the brink, as efforts to stem its spread left usually bustling streets deserted and malls shut or empty.
India's central bank took control of the country's fifth-largest private sector lender Yes Bank on Thursday and imposed limits on withdrawals, spreading confusion and fear among account holders.
Shares in India's Yes Bank dropped nearly 35% on Friday to their lowest in more than a decade, after the central bank took control and set a limit on withdrawals because of a serious deterioration in its financial position.
Oil slid 1% on Friday as worries about global oil demand and economic growth slowdown caused by the coronavirus outbreak were heightened by concern over non-OPEC crude producers not yet having agreed to cut output further to support prices.
Uncertainty over the economic impact of the coronavirus outbreak has prompted at least some winners of the U.S. Lipper Fund Awards to look for companies that can withstand a prolonged pullback.
Straining under a massive debt load and at risk of a ratings downgrade, Mexican state oil company Petroleos Mexicanos (Pemex) was hit with a record jump in its pension liabilities last year as more workers retired on generous benefits.
The death toll from an outbreak of coronavirus in Italy has risen by 49 to 197, the Civil Protection Agency said on Friday, the largest daily increase in fatalities since the contagion was uncovered two weeks ago.
Goldman Sachs ranked as the top adviser to companies targeted by activist investors in 2019, dethroning Morgan Stanley , which had held the top spot for three straight years, according to Refinitiv data published on Friday.
The number of people infected with coronavirus surpassed 100,000 across the world on Friday as the outbreak reached more countries and intensified economic damage, with business districts beginning to empty and stock markets tumbling.
Italy's competition watchdog said on Friday it had fined former phone monopoly Telecom Italia (TIM) 116 million euros ($131 million) for abusing its dominant position in the broadband market in an attempt to obstruct the entrance of rivals.
Bank of America Corp is splitting its trading staff with about 100 employees working out of the Stamford location effective Monday, according to a source familiar with the matter.
Thyssenkrupp shares hit a record low on Friday, prompting its finance chief to come out and defend the ailing conglomerate which must convince investors that it can earn cash following the sale of its elevator division.
A Spanish pre-Easter tradition, where Catholics flock in droves to kiss statues of Jesus and Mary, fell victim to the coronavirus epidemic this week as churches with some of the most sought-after statues told worshippers not to touch or kiss them.
The U.S. telehealth industry, including market leader Teladoc Health Inc, is preparing for a surge in demand as public health officials aiming to contain the fast-spreading new coronavirus encourage use of alternatives to clinic visits and patients seek to avoid public spaces.
Hotel bookings have fallen by as much as 40% in some areas of Spain, the country's hotel federation said and flagged an overwhelming impact for the eurozone's fourth largest economy as anxiety about the coronavirus outbreak takes hold.