Citi, Credit Suisse among banks curbing Italy trips on coronavirus fears – sources
Investment banks including Citigroup Inc , Credit Suisse and Nomura have curbed trips to Italy on fears that the coronavirus outbreak across the north of the country could quickly spread across Europe, four sources told Reuters.
Fed’s Mester sees U.S. economy performing well, coronavirus a ‘big risk’
The U.S. economy should continue to perform well this year and monetary policy is currently well positioned despite the risk posed by the coronavirus outbreak, Cleveland Fed President Loretta Mester said on Monday, as Wall Street stocks tumbled on worr…
Europe’s top firms must double low-carbon investment: study
Europe’s top companies need to more than double their current level of spending on low-carbon projects to meet the European Commission’s flagship goal of ‘climate neutrality’ by 2050, according to a report released on Tuesday.
Coronavirus sparks deepest S&P 500 drop since early 2018
The S&P 500 suffered its worst day in two years on Monday as a surge in coronavirus cases outside China rattled investors already worried about valuations following recent record highs.
United Airlines withdraws 2020 forecast on coronavirus uncertainty
United Airlines Inc on Monday withdrew its full-year 2020 forecast citing the impact of the coronavirus outbreak and said it was seeing an about 100% decline in near-term demand to China.
Wall Street plunges on fears of coronavirus pandemic
The S&P 500 and the Dow Jones Industrial Average on Monday suffered their biggest one-day percentage losses in two years after a surge in coronavirus cases outside China fanned worries about the global economic impact of a potential pandemic.
Cancelled Teck oil sands project underscores global climate-energy policy tension
Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine in northern Alberta, citing uncertainty about Canada’s climate policy, underscores a global struggle to balance energy growth with environmental co…
U.S. still eyeing ways to curb sales to Huawei after Trump’s chipmaker comments: sources
U.S. government officials are still considering ways to further curb sales to China’s Huawei Technologies [HWT.UL], despite President Donald Trump’s tweets and comments last week in support of sales to China, according to people familiar with the matte…
Stocks tumble, oil falls, gold spikes as virus fears grip markets
Stocks across the globe fell by the most since mid-2016 on Monday and oil prices tumbled as a jump in coronavirus cases outside of China drove investors to the perceived safety of gold and government bonds on fears of the impact on the global economy.
Shale pioneer Mark Papa to retire as Centennial Resource’s CEO, chairman
Centennial Resource Development Inc said on Monday shale pioneer and Chief Executive Officer Mark Papa would retire at the end of May.
