Futures slump on alarm over fast-spreading virus
U.S. stock index futures dropped more than 1% on Thursday as investors stayed away from making riskier bets after the rapid spread of the coronavirus outside China deepened worries about growth and corporate earnings.
Taxi group wins right to join Uber’s London license appeal case
A taxi association will be able to participate in Uber’s appeal against the loss of its operating license in the British capital city set to be heard in full from July 6, a British judge decided on Thursday.
Too white, too male: Fed takes on diversity one bank board member at a time
The Federal Reserve, long criticized for being too white and male, crossed a substantial milestone last year: for the first time in its 107-year history, white men held fewer than half of board seats at the Fed’s 12 regional outposts.
Highlights: Fed policymakers on why diversity matters and how to get there
Several U.S. Federal Reserve policymakers told Reuters why increasing diversity within the U.S. central bank system matters. Here are some highlights:
Nokia shares rise on report of possible mergers, assets sales
Shares in Nokia Oyj rose in a falling market on Thursday, after Bloomberg News reported that the Finnish telecom network equipment maker was considering asset sales and mergers.
WPP shares slump to lowest since 2012 as sales slide
WPP shares plunged to their lowest level in nearly eight years on Thursday after a sharp slowdown in fourth-quarter trading derailed the latest recovery attempt at the world’s biggest advertising company.
Blackstone’s Schwarzman says cannot buy Bloomberg while owning Refinitiv
Blackstone Group Inc Chief Executive Stephen Schwarzman said the world’s biggest private equity firm cannot buy Bloomberg should it come up for sale as long as the firm owns competitor Refinitiv.
Banks must step up climate risk disclosures, Lagarde says
Banks must improve transparency on their exposure to climate- change risk and central banks need to pay closer attention as the entire financial sector is at risk, European Central Bank President Christine Lagarde said on Thursday.
Oil prices fall for fifth day to lowest in a year
Oil prices fell nearly 3% on Thursday, plunging for a fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude.
AB InBev sees 10% hit to first-quarter profit from coronavirus
The world’s largest brewer Anheuser-Busch InBev forecast a 10% decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales during the Chinese New Year, sending its shares skidding.
