Hudson’s Bay Co Chairman Richard Baker to take over as CEO: source
Hudson’s Bay Co Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told Reuters on Tuesday, after his bid to take the owner of Saks Fifth Avenue private was approved by shareholders.
Instant View: Fed announces surprise rate cut to counter coronavirus impact
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus.
Powell says coronavirus outbreak poses material risk to outlook
Federal Reserve Chair Jerome Powell on Tuesday said the coronavirus poses a material risk to the economic outlook, and that change to the balance of risks drove the U.S. central bank to deliver its first emergency interest rate cut since the financial …
World Bank plans financial and technical aid package to help with coronavirus
The World Bank said it would announce a package of financial and technical support later on Tuesday to assist with the health and economic impacts of the global coronavirus outbreak.
Thermo Fisher agrees to buy genetic tester Qiagen in $11.5 billion deal
Thermo Fisher Scientific Inc said on Tuesday it agreed to acquire German genetic testing company Qiagen NV in an $11.5 billion deal as the U.S.-based company looks to bolster its health diagnostic business.
Mnuchin says supports Fed on rate cut move, says it’s ‘non-political’
U.S. Treasury Secretary Steven Mnuchin on Tuesday said he supports the Federal Reserve’s decision to cut interest rates in response to the fast-spreading coronavirus, its first emergency rate cut since 2008 at the height of the financial crisis.
Trump calls on Fed to cut rates further after emergency move
U.S. President Donald Trump called for further cut rates after the Federal Reserve earlier on Tuesday slashed rates by half percentage point in an emergency move designed to insulate the nation’s economy from the impact of the coronavirus.
Oil jumps after Fed cuts U.S. interest rates, then pares gains
Oil prices rose on Tuesday but remained below session highs reached after the U.S. Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus.
Gold jumps, world stocks trade erratically after Fed’s rate cut
Global equity markets seesawed in volatile trade and gold prices rose more than 2% on Tuesday after the Federal Reserve cut interest rates in an emergency move to shield the U.S. economy from the impact of the coronavirus.
In an emergency move, Federal Reserve cuts interest rates to battle coronavirus
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus.
