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Current feed - Reuters: Business News

Asia shares under threat as futures fall early
Asian share markets looked set for a rocky start on Monday as U.S. stock futures took an early spill amid fears the global shutdown for the coronavirus could last for months, doing untold harm to economies.

From quills to qwerty: Lloyd's underwriters adapt to home working
Thousands of London's underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won't need them.

Coronavirus worries and strife: Investors fear markets not out of woods despite big rally
After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict.

coinbase.pw
Graphic: Three months that shook global markets
How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression.

Governments, central banks must boost efforts to help economies cope with crisis: BIS chief
Governments and central banks need to step up efforts urgently to support their economies in the face of the coronavirus crisis, the head of the Bank for International Settlements said on Sunday.

Chanel turns its workshops to making face masks as coronavirus spreads
Luxury fashion group Chanel said on Sunday it would launch production of face masks to help bolster supplies in France, as the coronavirus sweeps across the country.

Exclusive: Qatar Airways says it will need state support as cash runs out
Qatar Airways will have to seek government support eventually, Chief Executive Akbar al-Baker told Reuters on Sunday, warning that the Middle East carrier could soon run out of the cash needed to continue flying.

Mexico's President says will comply with public vote to halt brewery project
Mexico's President Andres Manuel Lopez Obrador on Saturday said his government will comply with a public consultation to halt the construction of U.S. brewer Constellation Brands Inc's more than $1 billion brewery project in the border city of Mexicali.

Clothing rental service Rent the Runway lays off workers amid coronavirus outbreak
U.S. clothing rental firm Rent the Runway said on Saturday it had laid off retail employees following temporary store closures amid the ongoing coronavirus outbreak.

Pence says virus taskforce soon to deliver recommendation on whether to re-open economy
Vice President Mike Pence, heading the Trump administration's response to the coronavirus outbreak, said on Saturday that he would deliver a recommendation to the president on whether to re-open the U.S. economy in the coming week.

 

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