Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing project.
The Federal Reserve does not need to cut U.S. interest rates just because markets have priced in aggressive central bank action, but policymakers will be monitoring events closely up to the upcoming March 17-18 meeting, St. Louis Federal Reserve bank president James Bullard said on Friday.
The rapid worldwide spread of coronavirus and the economic implications of the outbreak have triggered the biggest weekly stock market rout since the 2008 financial crisis, wiping $6 trillion off global equities.
When starting a business, it is critical to have five things to help get a headstart on success: a formal plan, the right partners, and a handle on spending, customers and marketing.
We'll soon get the first proper glimpse at the economic damage the coronavirus is inflicting. China's official Purchasing Managers' Index is due on Saturday, and is expected to show the sharpest manufacturing contraction since the 2008 global financial crisis.
Switzerland on Friday banned large events expected to draw more than 1,000 people in a drive to curb the new coronavirus epidemic, prompting cancellation of the Geneva car show and grumbling from businesses watching demand vanish.
Kuwait Airways will operate a flight to Thailand's capital, Bangkok, to evacuate Kuwaiti citizens there, the information ministry said on Twitter on Friday.
Traders who rushed to buy Virgin Galactic in its February boom are moving on to stocks that could benefit from the coronavirus.
If you're like many investors, you're probably tempted to move your 401(k) around as the market falls. Before you do that, you need to revisit your long- and short-term plans. These guidelines can help you decide when to stay put and when to take advantage of lower prices.
Clorox, Regeneron Pharmaceuticals and Gilead Sciences have all gained this week despite the broader market sell-off.
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 as many as three cuts starting at its next meeting in March.
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 said on Friday.
Wall Street plunged in a volatile trading session heading into the weekend, extending a steep selloff from last week as the fast-spreading coronavirus raised fears of a global recession.
When Roger Jenkins was asked to help Barclays avoid a state bailout at the height of the financial crisis in 2008, he was expecting a bonus not a prosecution for his efforts.
Three former Barclays executives were unanimously acquitted on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.