A day after an employee and a trader tested positive for the Wuhan coronavirus, the New York Stock Exchange (NYSE) said, it will temporarily close its trading floors and move fully to electronic trading from Monday, said Intercontinental Exchange Inc,… Read More ›
The financial impact of the Wuhan coronavirus on corporate America’s balance sheets has tripled the premium investors are demanding to hold even the highest-rated corporate bonds. According to the ICE/BofA investment grade index, the difference between the average yield of… Read More ›
On Tuesday, Australia’s corporate regulator stated, it has filed a civil lawsuit against Commonwealth Bank of Australia’s pension business for deceptive product communication. “Product communication by Colonial First State Investments between March 2014 and August 2016 hindered customers of the… Read More ›
PG&E Corp, a power producer, stated, it has won an approval from a bankruptcy court to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition to those financing commitments. According to its filing, the… Read More ›
On Tuesday, Japan’s Fast Retailing stated, it will be closing of its 50 Uniqlo clothing stores in the United States temporarily due to the Wuhan coronavirus outbreak. The move comes midst other retailers including Lululemon Athletica Inc, Nike Inc and… Read More ›
Automakers, including General Motors, Fiat Chrysler Automobiles (FCA) and Ford Motor Co are collaborating to form a task force along with the United Auto Workers (UAW) union to improve protections for their employees and limit the spread of the Wuhan… Read More ›
A leading global travel and tourism industry body has claimed that millions of travel and tourism jobs are at risk globally because of the spread of the coronavirus pandemic as declared by the World Health Organization (WHO). The coronavirus pandemic… Read More ›
According to a top official from the Canadian government, the parliament has quickly ratified the new U.S.-Mexico-Canada (USMCA) trade pact even as it ramps up efforts to stop the spread of the Wuhan coronavirus. Canada was the last of the… Read More ›
Microsoft Corp’s co-founder Bill Gates, who made the software giant one of the world’s most valuable technology companies, has stepped down from the board on Friday. He will now focus on philanthropic works related to climate change, global health and… Read More ›
On Friday, in a statement, the Tokyo metropolitan government disclosed, it will postpone the opening ceremony of the Olympic aquatics center because of the Wuhan coronavirus. The opening ceremony was scheduled for March 22, said Tokyo.
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