Asia shares try to find a floor after headlong fall
Asian markets were set for a fraught session on Tuesday after Wall Street suffered its biggest one-day loss since the 2008 financial crisis, piling pressure on policy makers globally to short-circuit the panic.
Exclusive: Trading in VIX options froze after open – CBOE
Trading in options on Wall Street’s fear gauge was impossible in the first minutes of Monday’s session due to an absence of prices from the market makers on whom trading depends, a representative of index operator CBOE Global Markets Inc said.
Twitter, Elliott in deal for Dorsey to stay CEO and add directors
Twitter Inc on Monday reached an agreement with Elliott Management that lets Jack Dorsey stay as chief executive and adds three new directors a few days after Elliott’s plan to push out the social media company’s chief became public.
NZ Commerce Commission issues warning to HSBC over compliance failure
New Zealand’s Commerce Commission said on Wednesday that it has issued a warning to HSBC Holdings Plc over its failure to comply with the information disclosure requirements.
U.S. blames ‘state actors’ for manipulating, shocking oil markets
The United States on Monday accused “state actors” of trying to manipulate global oil markets, saying their actions contributed to a big drop in oil prices and adding that American energy suppliers were well placed to withstand the volatility.
U.S. consumer watchdog charges Fifth Third Bank on opening phony accounts
The U.S. Consumer Financial Protection Bureau (CFPB) said on Monday it charged Fifth Third Bank, National Association, with creating fake client deposit and credit-card accounts and transferring clients’ funds to those accounts without consent, citing…
Hawaiian Airlines CEO says hard to predict short-term industry outlook
While no U.S. airlines have requested a bailout to date, the head of Hawaiian Airline said on Monday that it was difficult to predict what would happen in the weeks and months ahead for the industry as travelers cancel flights amid coronavirus uncertai…
Wall Street regulator paves way for home trading as coronavirus spreads
(This 10th March story corrects fifth paragraph to clarify brokers’ own inspections may be delayed)
Coronavirus, oil collapse erase $5 trillion from U.S. stocks
Fears about the rapidly spreading coronavirus and its impact on the global economy, which deepened on Monday with the collapse of oil prices, have evaporated over $5 trillion of the S&P 500’s market value in recent weeks.
Wall Street clobbered as crude plummets, virus crisis deepens
Wall Street suffered its biggest one-day loss since the 2008 financial crisis on Monday and recession worries loomed large as tumbling oil prices and ongoing coronavirus fears prompted investor panic on the anniversary of the U.S. stock market’s longes…
