Raging COVID-19 makes zero rates a possibility as Fed meets
WASHINGTON: The US Federal Reserve will have one job next week: convince the world they are doing everything they can to blunt...
Australia, South Korea call for G-20 talks amid market rout
Australia and South Korea on Sunday called for meetings of leaders and finance chiefs from the world’s top industrial and emerging nations...
2019: Saudi Aramco profit slides 20.6pc on lower crude prices
Saudi Aramco reported Sunday a 20.6 per cent drop in 2019 net profit due to lower crude prices and production levels, in...
Airline Swiss to ground half its fleet, cut work hours
ZURICH: Lufthansa subsidiary Swiss International is taking half its fleet out of service and reducing working hours for flight personnel to help...
UAE central bank announces $27bn plan to contain coronavirus
CAIRO/DUBAI: The central bank of the United Arab Emirates (UAE) announced on Saturday a 100 billion dirham ($27 billion) economic plan aimed...
Apple to close retail stores worldwide, except Greater China, until 27th
Apple Inc said late on Friday it will close all its retail stores, except those in Greater China, for the next two...
US to spend $50 billion, buy oil amid virus economic pain
With the economy reeling, US President Donald Trump on Friday declared a national emergency to stem the damage from the coronavirus, unlocking...
BP looks at lowering spending after oil price crash
LONDON: BP (BP.L) is “making interventions” to reduce capital and operational spending in the wake of the recent collapse in oil prices,...
Oil bounces 5pc but set for biggest weekly thumping since 2008
LONDON: Oil prices were up more than 5pc on Friday but set for their worst weekly drubbing since the 2008 financial crisis as...
British Airways in battle for ‘survival’ over coronavirus
LONDON: British Airways warned that its survival was at stake on Friday as its CEO told staff of plans to cut jobs...
US stocks tumble in latest rout over coronavirus scare
Wall Street stocks sunk deep into the red Thursday afternoon as the economic toll from the coronavirus mounts, amplifying worries about a...
Oil falls, Brent crude drops 8pc after Trump surprises with travel curbs
NEW YORK: Oil prices fell, with Brent crude sliding 8pc on Thursday after US President Donald Trump unexpectedly announced restrictions on travel...
Stocks, crude oil hammered after Trump bans travel from Europe
Equities and oil prices fell through the floor again on Thursday after Donald Trump banned all travel from Europe to the US...
UK pledges £30 billion to protect economy from coronavirus
LONDON: Britain launched a 30 billion-pound economic stimulus plan just hours after the Bank of England slashed interest rates, a double-barrelled package...
Europe’s auto industry shuts factories, slashes output as virus hits
BARCELONA/MILAN: Europe’s major car and parts makers rushed on Wednesday to close factories and cut output in Italy and considered sending workers...