Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand.
Malaysian long-haul budget airline AirAsia X said it will defer delivery of 78 Airbus SE A330neo planes and consider other changes to reduce its fleet, as the coronavirus outbreak adds pressure on the loss-making carrier.
World share markets were headed for their worst week since the depths of the 2008 financial crisis as investors ditched risky assets on fears the coronavirus would become a pandemic and trigger a global recession.
Indonesia's Lion Air has deferred plans for an initial public offering (IPO) due to a sharp fall in global stock markets, people close to the matter said on Friday, as the spreading coronavirus sparks worries of a global pandemic.
UBS Chief Executive Sergio Ermotti cashed in less money in 2019 as the bank made pay concessions related to a French tax case and missed earnings goals during his last full year as CEO.
Oil prices plunged to their lowest in more than a year on Friday, putting them on track for the biggest weekly decline in more than four years, as the rapid spread of the coronavirus stoked fears of slowing global demand.
JPMorgan Chase & Co issued global restrictions on non-essential travel to protect its employees and business against the spreading coronavirus, the Bloomberg News https://bloom.bg/2vnxhyW reported late on Thursday.
Malaysian long-haul budget airline AirAsia X Bhd said it will defer delivery of 78 Airbus SE A330neo planes and consider other changes to reduce its fleet as the coronavirus dents demand.
A bankrupt aluminum smelter that re-opened in 2018, after U.S. President Donald Trump imposed tariffs on imported metals, is losing money at such a rapid clip that it could close within 60 days, the top executive at the Missouri plant said on Thursday.
Traders who rushed to buy Virgin Galactic in its February boom are moving on to stocks that could benefit from the coronavirus.
Square has been an outlier in this week's payment stock wreckage.
Huawei will build its first European manufacturing plant in France, the chairman said on Thursday, as the Chinese telecom giant seeks to ease worldwide concerns stoked by U.S. charges that Beijing could use its equipment for spying.
International grains trader and processor Cargill Inc has banned all non-essential travel for its employees for the next two weeks due to the coronavirus outbreak, company spokeswoman April Nelson told Reuters on Thursday.
Thyssenkrupp on Thursday said it agreed to sell its prized elevator division to a private equity consortium including Advent, Cinven and Germany's RAG foundation for 17.2 billion euros ($18.7 billion).
DoorDash Inc, the loss-making U.S. food delivery startup backed by SoftBank Group Corp , said on Thursday it has filed for an initial public offering (IPO), setting it up to be one of the most high-profile listings of 2020.