Kuwait to check visiting ships for coronavirus, evacuate citizens from Thailand
Kuwait will check visiting ships for the new coronavirus before allowing them to dock and require crew members to stay on board as part of measures to prevent the spread of the disease, state news agency KUNA said.
SoftBank communications chief Gary Ginsberg takes leave to aid Bloomberg campaign: sources
Gary Ginsberg, the global head of communications for SoftBank Group Corp , has taken an indefinite leave of absence to advise Michael Bloomberg’s U.S. presidential campaign, people familiar with the matter said on Friday.
GM to add 1,200 jobs at Michigan plants to meet SUV demand
No. 1 U.S. automaker General Motors Co said on Friday it plans to add more than 1,200 jobs at its Lansing plants in Michigan to meet growing demand for its SUVs.
Oil prices sink to lowest in more than a year
Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year, set for their steepest weekly fall since 2016 as the global spread of the coronavirus stokes demand fears.
Consumer spending, inflation cool; spotlight on Fed amid coronavirus outbreak
U.S. consumer spending slowed in January and could lose further momentum as the fast-spreading coronavirus outbreak, which has sparked a stock market sell-off and revived fears of a recession, causes households to tighten their purse strings.
Wall Street selloff deepens on pandemic fears
Wall Street plunged in a volatile trading session heading into the weekend, extending a steep selloff from last week as the fast-spreading coronavirus raised fears of a global recession.
Intesa Sanpaolo hires four additional advisers for UBI Banca bid
Intesa Sanpaolo has picked JP Morgan, Morgan Stanley, UBS and Equita Sim as advisers for its bid on rival UBI Banca , Italy’s biggest retail bank said on Friday.
Goldman expects 75 bps of Fed rate cuts by June
Goldman Sachs expects the coronavirus to drive the Federal Reserve to cut U.S. interest rates by 75 basis points by June it said on Friday, implying as many as three cuts starting at its next meeting in March.
Ex-Barclays bankers cleared over 2008 Qatar fees in blow to UK fraud office
Three former Barclays executives were unanimously acquitted on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.
‘Big Dog’ and the ‘omnipotent sheikh’ – how Qatar saved Barclays
When Roger Jenkins was asked to help Barclays avoid a state bailout at the height of the financial crisis in 2008, he was expecting a bonus not a prosecution for his efforts.
