Finance

by | March 08, 2020 | 18:30

Panic gripped big tech giants like Twitter and Facebook which chose to shut their offices from Seattle to London as more employees tested positive for the new coronavirus . The company has several offices and thousands of employees across the region. All Northshore public schools closed today for up to two weeks in response to the novel coronavirus , COVID-19, on March 5, 2020 in Bothell, Washington.

by | March 08, 2020 | 15:56

About 20 minutes into trading, the benchmark Dow Jones Industrial Average was down 2.8 per cent, or more 750 points, at 26,324.68. Yields on the 10-year United States treasury - a benchmark for financial products like mortgage rates and student loans - sank below 1 percent again.

by | March 08, 2020 | 15:25

Over 1,200 staff members at United States group S&P Global Platts were sent home yesterday afternoon after it was discovered a visitor to the Canary Wharf site had been diagnosed with Covid-19. The bank has closed its Piacenza office, where another employee who has tested positive, and a branch in the northern Italian city, UniCredit said in a statement.

by | March 08, 2020 | 03:54

U.S. nonfarm payrolls increased by 273,000 jobs in February to beat consensus estimates, indicating the labor market stills remains healthy despite the coronavirus outbreak. But a separate survey of small businesses by the National Federation for Independent Business found that about one-fifth of small companies in February planned to add jobs, unchanged from the previous month.

by | March 08, 2020 | 01:06

Reuters was the first to report the court order. The case dates back to 2017 when Uber and Alphabet , Google's parent company, locked horns with each other over the latter's accusation on the ride-hailing app of stealing its self-driving technology.

by | March 07, 2020 | 17:46

One woman yells: "I just want one packet". A mother and daughter jostled with another shopper at the Chullora Woolworths. The NT News newspaper made light of the loo roll hysteria, printing several blank pages for their readers to use if worst comes to the worst.

by | March 07, 2020 | 16:57

Economists polled by Reuters had forecast the trade gap tightening to $46.1 billion in January. The department said that goods and services trade deficit lost 6.7 percent to set at USD45.3 billion in January compared with a revised USD48.6 billion registered in December of 2019.

by | March 07, 2020 | 11:00

The manager then complied with the customer's request and replaced the black server with a different server. "She made comments about me to my coworkers concerning my race and saying that I should work at a strip club instead", Donahue told the outlet.

by | March 07, 2020 | 09:41

Fears regarding the outbreak now hold a tight grasp on Wall Street, as countries continue to place travel restrictions. There has been a notable increase in coronavirus cases this week, as California has declared a state of emergency with 53 confirmed cases in the state, and New York's count has double overnight.

by | March 07, 2020 | 09:38

President Trump was heavily criticized by people on social media for something he did not say about the coronavirus during his interview with Fox News host Sean Hannity . "I just wish the president and vice president could get on the same page". But on Wednesday night, President Trump said he had a "hunch" the number was actually much lower.

by | March 07, 2020 | 05:54

Following the footsteps of US Federal Reserve, the Indian banking regulator may also cut policy rates soon, say money market participants. After bouncing around, moving in and out of negative territory, that sinking feeling finally won out to see the Dow close down 785.91 points or nearly 3 percent - the eighth negative finish in nine trading days.

by | March 06, 2020 | 23:33

But that impacts the jobs of people who work in on-site operations, including many who are paid by the hour. Microsoft asked many of its employees in the Seattle region near its headquarters and the San Francisco Bay Area to work from home if possible until March 25.

by | March 06, 2020 | 23:09

Allen´s book was a hard one. "We take our relationships with authors very seriously, and do not cancel books lightly", the publishing company said in a statement . However, the Little Brown overlords defiantly did say after Farrow's critique that "we do not allow anyone's publishing programme to interfere with anyone else's".

by | March 06, 2020 | 21:29

On Wednesday the market tallied huge gains following moderate Joe Biden's success in the Super Tuesday primaries for the Democratic presidential nomination. Travel related stocks, which have been battered in the past month on crippled demand, as traders bought the dip and Bank of America upgraded ratings for their European peers.

by | March 06, 2020 | 21:21

At the same time, the unemployment rate ticked up slightly to a still low 5.6 per cent in the month, from 5.5 per cent in January. "The underlying message is that the economy was doing relatively well before it ran into the storm of the virus", BMO chief economist Douglas Porter said.

by | March 06, 2020 | 17:24

The Brent North Sea crude, dived to $47.02 per barrel, the lowest levels since July 2017. Russia , with bigger total production, has reduced its output by a fraction of Riyadh's cut. Opec is on the verge of making its deepest oil production cuts since the global financial crisis amid warnings that the coronavirus may wipe out the world's oil demand growth this year.

by | March 06, 2020 | 15:00

Of course, people enjoy their drinks (including the ones on the secret menu ), but the coffee chain's variety of mugs are also beloved , especially when you receive a 10-cent discount for using one. Starbucks reportedly wants workers to clean its thousands of U.S. coffee shops more often as the coronavirus continues to spread. The Seattle-based company said workers should expect to spend about half an hour on the deeper cleaning, which it wants them to perform during peak times, according ...

by | March 06, 2020 | 13:08

The outbreak has disrupted other tech conferences and gatherings, including the Mobile World Congress in Barcelona and Google's GOOGL.O annual developer event, Google I/O. Meanwhile, Netflix was set to screen films iincluding "L.A. Originals" and run a panel with Kenya Barris and Rashida Jones on their upcoming sitcom series " Black Excellence ".

by | March 06, 2020 | 10:21

And today I would simply say to her supporters out there, of whom there are millions, we are opening the door to you . Bernie Sanders , meanwhile, produced only 60,467 ad airings to Biden's paltry, 15,700, according to the analysis.

by | March 06, 2020 | 09:55

Global brokerage firm JP Morgan Thursday cut its target price for YES Bank on Thursday to Rs 1 per share, taking into account the potential fall in the lender's net worth due to stressed assets. If you have a salary account in Yes Bank , you will have to figure out some other funds. "We shall process the request for tomorrow's redemptions so that their money isn't blocked".

by | March 06, 2020 | 07:54

While Amazon did not provide a list or information on country-specific products that it removed from its site, several products listed on its Canadian site still show as being sold at prices way higher than average. The company specifically cites setting prices that are "significantly higher than recent prices offered on or off Amazon" as one type of activity that can "harm consumer trust".

by | March 06, 2020 | 06:27

Iranian Oil Minister Bijan Zangeneh said at Thursday's meeting in Vienna that the cut would start in the second quarter of the year and, asked if he had a "Plan B" if Russian Federation did not go along, replied: "No, we have no other plan".

by | March 06, 2020 | 04:53

Then with the Federal Reserve cut in interest rates, stocks rose nearly 4%, but then soon gave back all of the gains and ended the day down about 3%, with the headline Dow Jones Industrial average down nearly 800 points. "Lack of information is not helping firms and households form expectations and make plans", she said. Standard Chartered Bank economist Steve Englander sees rate cuts in March and April.

by | March 05, 2020 | 20:25

Canada PM Justin Trudeau with Baby Scotti during a meeting of the PMO. "We know that when we break down barriers for young people and give them the skills and experience they need to find a good job, our economy grows for everyone", said Trudeau.

by | March 05, 2020 | 20:02

President Cyril Ramaphosa arrives at the Waterkloof Air Force Base in Pretoria on 5 March 2020 to address the media about the first case of the coronavirus in South Africa . The patient has been self-isolating since 3 March. "The doctor has been self-isolated as well", he said . The local currency weakened by as much as 1.4% to R15.46 against the dollar, R17.30 against the euro and R19.99 against the pound.