Coronavirus

Coronavirus punishes Warren Buffett as Berkshire H..

By Jonathan Stempel Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft parts unit, as the ..

Airline SAS reaches deal with bondholders for surv..

STOCKHOLM - SAS has reached an agreement in principle with investors to convert existing debt into new debt or shares, a vital part of the airline's plan to recapital..

Stocks rise, yields slip as investors await stimul..

By Herbert Lash NEW YORK - Global equity markets edged higher and bond yields eased off earlier lows on Thursday as investors awaited word on a new U.S. aid package to..

RBI likely to cut rates despite inflation risk

By Swati Bhat MUMBAI - India's worsening economic outlook as coronavirus cases soar has raised the chance the central bank will cut interest rates at its policy re..

Coronavirus fallout a rising risk for Indian ABS: ..

The fallout of the coronavirus pandemic is raising risks for Indian asset-backed securities, rating agency Moody's Investors Service said on Tuesday. However, the ..

Worst seems to be over, farm sector to cushion COV..

The worst seems to be over and the agriculture sector will provide a cushion for the coronavirus-hit economy this fiscal as there are prospects of good monsoon, finance m..

BP halves dividend after record loss, speeds up re..

By Ron Bousso and Shadia Nasralla LONDON - BP cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronaviru..

India`s fuel demand loses steam, slips in July aft..

By Nidhi Verma NEW DELHI - India's refined fuel consumption in July slipped from June, according to preliminary industry data, indicating slower industrial a..

RBI likely to cut rates despite inflation risk

By Swati Bhat MUMBAI - India's worsening economic outlook as coronavirus cases soar has raised the chance the central bank will cut interest rates at its pol..

India`s factory activity contracted at a sharper p..

BENGALURU - India's factory slump deepened in July as renewed lockdown measures to contain surging coronavirus cases weighed on demand and output, raising the ch..

Global Economy: Asia`s factory pain eases as China..

By Leika Kihara TOKYO - Asia's factory pain continued to ease in July with contraction slowing in big export-reliant nations, adding to hopes the region is s..

Fed`s Kashkari suggests 4-6 week shutdown; says U...

WASHINGTON - The U.S. economy could benefit if the nation were to "lock down really hard" for four to six weeks, a top Federal Reserve official said on Sunday, ..