Israel’s Hapoalim will pay $870 million to end U.S. tax probe
Israel’s biggest bank, Hapoalim, said on Wednesday it expects to pay $870 million to settle a U.S. tax evasion investigation.
Japanese automakers close more plants in Europe, Asia due to virus
Japanese automakers on Wednesday said they would temporarily close more vehicle plants in Europe and Asia as the spread of the coronavirus prompts countries to instruct non-essential businesses to suspend operations.
Impact of virus turmoil would hit Deutsche Bank later this year, not in first-quarter: executive
The impact of the current turmoil related to the coronavirus is more likely to affect Deutsche Bank later this year rather than in the first quarter, an executive said on Wednesday.
Futures slump as stimulus high fades, Boeing tumbles
U.S. stock index futures tumbled on Wednesday, pointing to another volatile session for Wall Street as a bounce from sweeping stimulus measures was eclipsed by growing signs of coronavirus damage to corporate America.
Chairman of Santander’s Portuguese unit dies from coronavirus
The chairman of the Portuguese unit of Spain’s largest bank, Santander, Antonio Vieira Monteiro, died from the coronavirus on Wednesday, the second victim of the disease in Portugal, a source familiar with the matter told Reuters.
Japan’s MUFG takes big loss on loan to Glencore-led coal port: sources
Mitsubishi UFJ Financial Group (MUFG) sold off its $85 million loan to Glencore’s Wiggins Island Coal Export Terminal (WICET) in Australia to a hedge fund on Wednesday at about 52 cents on the dollar, two sources said.
Fiat again halts Atessa, its only functioning assembly site in Europe
Fiat Chrysler has again halted its Atessa plant in Italy due to disruptions in parts supply linked to the coronavirus outbreak, after it was reopened on Tuesday, a union representative said on Wednesday.
Nissan to stop producing cars in Indonesia as part of reorganisation plan
Nissan Motor Co on Wednesday said it would stop producing vehicles in Indonesia, consolidating its global production in the face of falling sales which has pummeled its profitability and threatened its survival.
Emirates asks pilots to take unpaid leave, Qatar Airways lays off staff
Middle East airline Qatar Airways laid off about 200 Filipino staff in Doha this week and rival Emirates asked pilots to take unpaid leave as the coronavirus outbreak hammers demand for travel.
Goldman tells staff in Americas, EMEA to work from home after two coronavirus cases found
Goldman Sachs has instructed most of its staff in the Americas, Europe, Middle East and Africa to work from home from Wednesday until further notice, according to an internal notice seen by Reuters.
