World shares stem losses as fresh lockdown fears fade
NEW YORK (Reuters) – Global equity markets bounced back on Friday as investors took in stride the U.S. Federal Reserve’s outlook for a long road to recovery and bet shutdowns…
Fed mulls firmer rate guidance, adding dates or goals, minutes show
(Reuters) – Federal Reserve policymakers last month opened a broad debate over what they can and should to do to boost the effectiveness of their monetary policy tools amid the…
UBS posts 40% first-quarter net profit rise as transaction levels jump
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – The world’s largest wealth manager, UBS (UBSG.S), reported a…
Asia stocks set to rise as Wall Street jumps on lockdown easing hopes
NEW YORK (Reuters) – Asian stocks were set for gains on Tuesday after a strong Wall Street session as easing lockdown restrictions by some countries and U.S. states buoyed sentiment,…
Wall Street Week Ahead: Spotlight falls on ‘dividend aristocrats’ after market tumult
NEW YORK (Reuters) – Companies across a range of industries are slashing or suspending dividends to cope with the economic fallout from the coronavirus outbreak, complicating the stock selection process…
Fed policymakers working to limit damage as pandemic puts U.S. economy on pause
(Reuters) – The U.S. economy was on a strong footing before the coronavirus pandemic and Federal Reserve officials are working to help the economy rebound quickly once businesses that were…
Swiss coronavirus cases surge, canton orders seniors to stay home
ZURICH (Reuters) – Switzerland on Saturday reported 6,100 coronavirus infections, 25% more than a day earlier, and 56 deaths, the Swiss health ministry said, as the canton of Ticino that…
Alibaba offers $2.86 billion in loans to firms hit by coronavirus outbreak
(This Feb 10 story refiles to add bylines) SHANGHAI (Reuters) – Alibaba Group Holdings (BABA.N) said on Monday its affiliate Ant Financial’s MYBank unit would offer 20 billion yuan ($2.86…
Chinese support measures buoy world stocks
LONDON (Reuters) – Global shares were buoyant on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors.…
China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note
BEIJING (Reuters) – China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more…