Facebook, Google ask San Francisco staff to work from home as coronavirus spreads
Social media giant Facebook Inc and Alphabet Inc’s Google on Thursday recommended their San Francisco Bay area employees work from home to minimize the risk of spreading coronavirus.
How Lipper Award-winning fund managers are playing coronavirus scare
Uncertainty over the economic impact of the coronavirus outbreak has prompted at least some winners of the U.S. Lipper Fund Awards to look for companies that can withstand a prolonged pullback.
‘Unsustainable’: Mexico’s Pemex buckling under crushing pension debt
Straining under a massive debt load and at risk of a ratings downgrade, Mexican state oil company Petroleos Mexicanos (Pemex) was hit with a record jump in its pension liabilities last year as more workers retired on generous benefits.
Stocks battered by Treasury rally as virus sparks shake out
Asian shares and U.S. stock futures tumbled on Friday as disruptions to business from the coronavirus worsened, stoking fears of a prolonged global economic slowdown.
Cathay Pacific to close Vancouver cabin crew base, cutting 147 roles
Hong Kong’s Cathay Pacific Airways Ltd said on Friday it was closing its Vancouver cabin crew base, laying off 147 crew members, as part of an ongoing business review.
U.S. employment report expected to show strength before coronavirus spread
U.S. job growth likely slowed in February, but the pace probably remained consistent with a healthy labor market despite the coronavirus outbreak, which stoked financial market fears of a recession and prompted an emergency interest rate cut from the F…
HSBC sends home 100 London staff, confirms China coronavirus case
HSBC Holdings PLC has sent home more than 100 staff in London after a worker tested positive for the coronavirus, the first known case at a major company in Europe’s main financial hub.
JPMorgan CEO Jamie Dimon recovering after emergency heart surgery
JPMorgan Chase & Co CEO and Chairman Jamie Dimon is recovering from emergency heart surgery done on Thursday morning, with two deputies taking over as he recuperates, the largest U.S. bank said.
Probe panel on Kansai Elec’s graft scandal to report findings on March 14
An independent committee investigating a graft scandal at Kansai Electric Power Co , Japan’s second-largest utility, will release its findings on March 14, a representative of the committee said on Friday.
South Korea, Japan to hold export control talks via teleconference, Jiji says
South Korea and Japan will hold export control talks originally planned for March 10 in Seoul via teleconference, the Jiji news agency reported on Friday, reflecting the widening impact of the coronavirus outbreak.
