Stock futures fall as coronavirus-led rout continues
U.S. stock index futures dropped on Friday as a surge in coronavirus cases, which have already wiped nearly $3 trillion off stocks listed on the benchmark S&P 500 this week, triggered recession fears.
Ex-Barclays bankers cleared over Qatar fees in blow to UK fraud office
Three former Barclays executives were acquitted in London on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar during the credit crisis, in return for rescue funding.
Axing of Geneva car show forces manufacturers to rethink car launches
Carmakers were scrambling to reorganise press conferences and vehicle presentations after Swiss authorities forced the cancellation of the Geneva car show on Friday in an effort to contain the coronavirus.
UBS CEO’s pay slips to $1 million a month as Swiss bank’s top bosses pocket $113 million
UBS Chief Executive Sergio Ermotti, one of Europe’s best paid bankers, earned 12.5 million francs in 2019, down from 14.1 million in 2018 after the bank was hit with a multi-billion-euro court case and it missed earnings goals.
ECB rate setters see no need for action as coronavirus spreads
The European Central Bank does not need to take immediate action in response to the coronavirus epidemic, two ECB policymakers said on Friday, confounding market bets on a rate cut.
Kenya’s high court orders suspension of flights from China over coronavirus
Kenya’s High Court on Friday ordered flights from China to be temporarily suspended over the coronavirus outbreak, following a petition by the Law Society of Kenya.
OPEC leaning towards larger oil cuts as virus hits prices, demand: sources
Several key OPEC members are leaning towards a bigger than previously expected oil output cut, four sources with knowledge of the talks said, as oil prices fell to $50 per barrel on fears the coronavirus outbreak will hit oil demand badly.
Ex-Barclays executives cleared over Qatar fees in blow to UK fraud office
Three former Barclays executives were acquitted in London 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.
Factbox: Barclays bosses cleared of credit crisis-era fraud
Three former Barclays executives were cleared of credit-crisis era fraud charges by a jury on Friday after a landmark London trial over undisclosed payments to Qatar in 2008.
ECB’s Weidmann: No need for immediate monetary policy action due to coronavirus
There is no need to take immediate monetary policy action due to the coronavirus outbreak, the European Central Bank’s Jens Weidmann said on Friday, adding that remaining alert was however warranted.
