BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'virus'. (Return)

FT.com - USFeb 18, 2020
Coronavirus latest: Global stocks hit and havens rally after Apple sales warning
Floods were once considered too irregular to insure against. But global warming has changed the calculation

RELATED ARTICLES
WRAPUP 5-Head of hospital dies in coronavirus epicentre; global economic impact spreads (Reuters Company News)

CNBC BusinessFeb 18, 2020
Coronavirus live updates: Wuhan hospital director dies from virus, Moody's lowers China forecast
The Wuhan Municipal Health Commission confirmed Liu Zhiming, the director of Wuchang Hospital in Wuhan, died Tuesday morning.

RELATED ARTICLES
CORRECTED-Coronavirus slows China's Belt and Road push (Reuters Company News)

Reuters BusinessFeb 18, 2020
Apple hits stocks, euro near three-year low
World stocks markets were knocked off record highs on Tuesday as two of the world's mega companies reported damage from the coronavirus outbreak.

Yahoo BusinessFeb 18, 2020
HSBC Seeks Revamp With 35,000 Staff Cuts in Quinn ‘Endgame'
(Bloomberg) -- HSBC Holdings Plc is set to slash about 35,000 staff from its workforce and is taking $7.3 billion of charges in its most dramatic overhaul under Chairman Mark Tucker.The London-based lender is targeting cost reductions of $4.5 billion at underperforming units in the U.S. and Europe. In the meantime, it will accelerate investments in Asia, where the bank draws the bulk of its profit but is grappling with risks from the Hong Kong protests and China's coronavirus outbreak. The board is also deciding whether the sweeping overhaul announced by interim boss Noel Quinn is enough to secure him the top job permanently."Parts of our business are not delivering acceptable returns," Quinn said in the bank's full-year earnings statement on Tuesday. Quinn, who is also exiting several business lines, also said staff numbers could drop by 15% within the next three years."We are looking at an endgame of closer to 200,000," he said in an interview with Bloomberg.The cutbacks will extend into parts of HSBC's European and U.S. investment banking businesses, particularly in fixed income. In the U.S., assets linked to its trading operations will be nearly halved under the new plan. HSBC is also scaling bank its retail network by 30%.The shares fell more than 5% in London trading, the most in three years and the biggest drop among Europe's banks. HSBC also suspended share buybacks for 2020 and 2021, when most of the restructuring will occur.The fresh strategy makes sense, but is "on the conservative side," Alan Higgins, chi

Reuters Company NewsFeb 18, 2020
GLOBAL MARKETS-Apple hits stocks, euro near three-year low
* Apple will miss quarterly revenue target due to coronavirus

Forbes HeadlinesFeb 18, 2020
After Apple, What Other Tech Businesses Face Coronavirus Risks?
The delay in 5G infrastructure build-out, limited smartphone replacement demand, and postponed work resumption at fabs will decrease Chinese 5G smartphone shipments, TrendForce believes

RELATED ARTICLES
EMERGING MARKETS-EM stocks reel under pressure from virus impact on businesses (Reuters Company News)
Stocks Fall After Apple Warning; Treasuries Rise: Markets Wrap (Yahoo Business)
Singapore sets aside $4 billion to help businesses and households amid coronavirus outbreak (CNBC Business)
Asia Markets: Asia stocks fall as economic impact of coronavirus weighs on markets (MarketWatch)
Oil prices fall 1% as market weighs coronavirus impact on demand (Reuters Business)
Samsung poised to benefit from China virus woes afflicting Apple, other rivals - Reuters (Google Market News)
Apple's coronavirus sales warning hits Asia stocks (FT.com - Financial Markets)
TRENDING TAGS
coronavirusApple China impact latest due
ChinaCoronavirus virus Apple toll latest
AppleCoronavirus warning revenue stocks due
HSBCjobs profit cut Billion slash
StocksApple Coronavirus warning Markets Global
Bankruptcyfiles Pier Chapter Boy Scouts
FundHedge Renaissance Tesla surge SoftBank
Marketsstocks Apple Asia impact coronavirus
Filesbankruptcy Pier Chapter Boy Scouts
BillionBezos Jeff climate change Pledges

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC