BlackRock Inc executives who set the asset manager’s influential proxy votes on Tuesday outlined tougher priorities tied to climate change and executive pay for the upcoming corporate annual meeting season.
Israel’s biggest bank, Hapoalim, said on Wednesday it expects to pay $870 million to settle a U.S. tax evasion investigation.
Japanese automakers on Wednesday said they would temporarily close more vehicle plants in Europe and Asia as the spread of the coronavirus prompts countries to instruct non-essential businesses to suspend operations.
The impact of the current turmoil related to the coronavirus is more likely to affect Deutsche Bank later this year rather than in the first quarter, an executive said on Wednesday.
When a bear market comes, it’s usually a long time until investors recoup the money they lost and are made whole again. …read more […]
Middle East airline Qatar Airways laid off about 200 Filipino staff in Doha this week and rival Emirates asked pilots to take unpaid leave as the coronavirus outbreak hammers demand for travel.
Goldman Sachs has instructed most of its staff in the Americas, Europe, Middle East and Africa to work from home from Wednesday until further notice, according to an internal notice seen by Reuters.
The oil products markets globally are caught between a rock and a hard place as the impact of ultra cheap oil, which should be a boon for refiners, is mitigated by record low prices for gasoline and jet fuel.
Oil and gas companies around the world aim to slash spending as crude prices have plunged due to the impact of the coronavirus and a push by Saudi Arabia and Russia to ramp up output.
Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand.
Want to know why the stock market remains under severe pressure? It’s calls like this on growth from one prominent Wall Street investment bank. …read more […]
Germany’s HDE retail association called on Wednesday for the government to give immediate state aid and tax relief to stop businesses going bust as stores closed to stem the spread of the coronavirus, losing 7 billion euros ($7.70 billion) per week.
U.S. stock index futures tumbled on Wednesday, pointing to another volatile session for Wall Street on fears that even dramatic stimulus measures would not be able to avert a deep coronavirus-driven recession.
Potential Ford Motor Company (NYSE:F) shareholders may wish to note that the Independent Director, John Lechleiter… …read more […]
Swiss bank UBS has seen relatively low losses in its lending portfolio and feels comfortable with its liquidity despite market drops amidst the coronavirus pandemic, Chief Financial Officer Kirt Gardner said on Wednesday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
