Finance

Moodys downgrade: Expect bouts of correction; sell-off in markets unlikely

MORE NEWS THIS CATEGORIES

RBS and Natwest offer coronavirus mortgage holidays

This is created to allow people to access cash if they need it as the impact of the virus is felt. Cases of mortgage repayment holidays are being taken on a c...

Oil price wars rage on as Saudi Arabia's Aramco increases oil output

Western Canadian Select, the chief grade produced in Canada's energy patch, climbed more than 13 per cent to above US$20 per barrel on Tuesday, after sinking to...

Wall Street trade temporarily halted as stocks sink 7%

But oil prices rebounded from Monday's largest percentage drop since the 1991 Gulf War, with front-month Brent crude LCOc1 rising 10.0% after Russian Federati...

Amid cornavirus, Amazon giving $5M to small businesses impacted by outbreak

The Seattle-based company approved a $5 million fund to support small businesses in the area struggling from a sudden slowdown since companies have instructed...

Dyson Just Launched Its First-Ever Hair Straightener, and It’s Absolutely Genius

So once you're done styling your hair, you won't have the odd strands standing out at odd angles, something that can happen with other straighteners on shorter ...

Wells Fargo chairwoman resigns ahead of scheduled testimony

Quigley, who joined the board in 2013, and Duke were among the few remaining directors who have been with Wells Fargo since before the scandal came to light. ...

ASX plunges on opening as coronavirus spreads

Stocks on the Australian share market have plunged more than $80 billion on opening as coronavirus spreads around the globe. Asian markets closed lower: Tok...

Walmart revises leave policy in face of virus; worker tests

Following consultation with state and local health experts, the impacted Kentucky store remains open, and Walmart has taken steps to "reinforce [its] cleaning a...

Tesla has built its 1 millionth vehicle, Musk says

Tesla did not immediately respond to an email asking whether its millionth auto had been purchased yet. Tesla hit a major landmark early this month, crossing ...

Delta waives flight change fees as travelers cancel plans amid coronavirus outbreak

American Airlines and Delta Airlines have announced reductions in flight capacities for both global and domestic flights, with some changes lasting until th...

Five senior Republicans in self-quarantine over coronavirus

Newsweek reached out to the White House for comment. "This is not like the financial crisis", he said, referencing the housing market collapse of 2007-'08. The...

Euro, yen gain as dollar's rate advantage evaporates

That is wiping out the yield advantage that had fuelled a popular carry globally - borrowing at negative rates in the euro and yen to buy USA assets. The next...

Some Costco stores suspend free samples amid coronavirus outbreak, reports say

The chain is temporarily suspending the practice amid coronavirus fears. This includes our Costco in Bakersfield, an official confirmed with 23ABC. However,...

Amazon starts selling cashierless tech to high street rivals

The tech, which Amazon has dubbed "Just Walk Out", now has a starring role at the company's growing chain of Amazon Go convenience stores. The store will then...

Trump has not been tested for coronavirus: White House

Cases of the virus have been recorded in 34 states plus Washington DC. After an outbreak aboard infected at least 21, passengers will begin 14 days of quarant...

Maritime cruise ship ports concerned about COVID-19 impacts

In a press conference Monday, Chief Public Health Officer Dr. Theresa Tam said , while she had previously "asked Canadians to think twice about going on cruise...

IEA warns oil producers against playing 'Russian roulette'

That would make for a small annual drop of 90,000 barrels per day, the first since 2009. Saudi Arabia , the world's biggest oil exporter, is attempting to pu...

CP Group wins Tesco Asia business for US$10.6 billion

However, CP Group will face a newly empowered Thai antitrust regulator, which could block the transaction if it finds that the deal would create a monopoly or m...

Yellow Rain Warning in place for Connaught counties

Fresh to strong southerly winds will gradually veer southwesterly. Galway has been dealing with heavy rain today after a glimpse of some Spring sunshine in ...

Coronavirus fears prompt Qantas to slash services over next six months

Rather than exit routes altogether, it said it would use smaller aircraft and reduce the frequency of flights to maintain overall connectivity. Eight of the a...

Petrol, diesel prices drop as crude prices plunge

OPEC and Russian Federation were unable to reach an agreement on production in relation to the impact of Covid-19, prompting a reaction on global oil markets un...

NY's coronavirus caseload rises; the state also has its own hand sanitizer

Cuomo called increasing price gouging on hand sanitizers and other medical supplies an "egregious issue". Cuomo said NY state is continuing to ramp up tes...

Coronavirus empties planes but airlines still forced to fly

Europe employs a "use it or lose it" system to determine an airline's flight slots, so what are operators to do when a global outbreak tanks flight demands? T...

Media Stocks Caught Up As Global Stock Markets Tumble

Stephen Innes, chief markets strategist at AxiCorp, called reports that Saudi Arabia could increase its oil production in order to gain market share in a "shock...

Coronavirus: Italy extends measures to entire country

South Korea reported 165 more cases, bringing its total to 7,478. Panicked travelers rushed to flee northern Italy before more than a quarter of its populat...

Meet 'Lieutenant Dan', a two-legged coonhound finalist for the Cadbury Bunny tryouts

According to Walkin' Pets , the company that provided Lieutenant Dan's wheelchair, the Treeing Walker Coonhound is a double amputee who learned to walk on his ...

Art Van Furniture Announces They're Closing All Of Their Stores

If you planned on taking advantage of the Art Van Furniture liquidation sales this weekend you'll have to wait until Monday. Many customers arrived at the Art...

Head of Port Authority Rick Cotton has coronavirus

Cuomo acknowledged that he "could have been in contact" with Cotton, but said hasn't been tested since he's considered an "improbable positive", which simply ...

Aon to buy Willis for almost $30 billion in mega

First mooted a year ago, it also comes after a period of brutal competition which has seen insurance premiums fall while claims continue to grow. When asked a...

Wall Street resumes trading after 7 per cent plunge triggers halt

Traders follow financial markets at the Dubai Stock Exchange in the United Arab Emirates, on March 8, 2020. The halt on Monday morning was the first since the r...