King Dollar rules the FX heap as virus threatens global growth
A powerful surge in the dollar threatens to magnify the pain for companies and nations already struggling with the economic fallout of the coronavirus.
L’Oreal’s online sales of make-up rose in China in February: CEO
Online sales of L’Oreal make-up and skincare products had picked up in China in February and were even stronger than a year earlier, Chief Executive Jean-Paul Agon said on Friday.
Take Five: ‘Our currency, your problem’ – all over again
The dollar juggernaut rolls on. The U.S. currency has rocketed to a near three-year high versus the euro <EUR=>, a 10-month high against the yen and an 11-year peak versus the Aussie. This month alone it’s added 2.5% against six currency peers.
Qatar Airways not interested in investing in Air Italy
Qatar Airways said on Friday it was not interested in investing in struggling Italian carrier Air Italy, but would do all it could as minority shareholder for workers and passengers.
Deere’s unexpected rise in quarterly profits sends shares soaring
Deere & Co on Friday reported an unexpected increase in first-quarter profit and retained its full-year earnings forecast as signs of stabilization in the U.S. farm sector offset weak demand for construction machines, sending its shares soaring.
Wall Street set to fall again as coronavirus spreads beyond China
U.S. stock index futures edged lower on Friday as a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds.
Branson says new Virgin cruise line will overcome coronavirus fears
British entrepreneur Richard Branson heralded his first cruise ship “Scarlet Lady” on Friday as targeting a younger generation of holidaymakers with a range of attractions that he believes will outweigh any fears around coronavirus.
King Dollar rules as virus threatens global growth
A powerful surge in the dollar threatens to magnify the pain for companies and nations already struggling with the economic fallout of the coronavirus.
Oil retreats in face of renewed coronavirus uncertainties
Oil prices fell on Friday as a rise in new cases of coronavirus and weak Asian data fuelled uncertainty about the economic outlook while leading crude producers appeared to be in no rush to curb output.
Yen regains footing as coronavirus spread knocks stocks
The Japanese yen regained its footing on Friday after a bruising week, as the spread of coronavirus cases knocked down stocks and boosted demand for traditional safety plays from bonds to gold.
