[ad_1] ZURICH (Reuters) – Swiss watchmaker Swatch Group (UHR.S) is taking a “massive” hit from the outbreak of the novel coronavirus that sharply affected business in major market China, Chief Executive Nick Hayek said in
India’s Yes Bank founder remanded in police custody on money-laundering charges
[ad_1] MUMBAI (Reuters) – An Indian court on Sunday remanded the founder and former managing director of crisis-hit Yes Bank Ltd (YESB.NS) in police custody until March 11 after he was arrested on money-laundering charges.
‘Crazy’ Saudi oil price cuts seen reigniting market share war with Russia
[ad_1] SINGAPORE (Reuters) – Asian oil traders are bracing for another round of hefty price falls on Monday in key benchmarks Brent and Dubai after the world’s top exporter Saudi Arabia slashed prices, reigniting a
Aramco shares fall 9%; below IPO price for first time as OPEC pact unravels
[ad_1] DUBAI (Reuters) – Shares of Saudi state oil company Aramco 2222.SE slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading in December, after OPEC’s pact
Italian stock exchange to open as usual on Monday
[ad_1] A woman in a face mask is seen in front of the Italian Stock Exchange in Milan, as the country is hit by the coronavirus outbreak. Italy, February 25, 2020. REUTERS/Flavio Lo Scalzo MILAN
Saudi Arabia to hike oil output above 10 million bpd in April after OPEC+ deal collapse
[ad_1] DUBAI (Reuters) – Saudi Arabia, the world’s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of OPEC’s supply cut
ECB tells staff to work from home in coronavirus test
[ad_1] FILE PHOTO: Specialists work on a crane in front of the European Central Bank (ECB) in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – The European Central Bank has told most of
SBI would need to invest $331 million in Yes Bank rescue
[ad_1] MUMBAI (Reuters) – State Bank of India said on Saturday it would need to invest up to 24.5 billion rupees ($331 million) to buy a 49% stake in Yes Bank Ltd as part of
China Jan-Feb exports tumble, imports down as coronavirus batters trade and business
[ad_1] BEIJING (Reuters) – China’s exports contracted sharply in the first two months of the year, and imports declined, as the health crisis triggered by the coronavirus outbreak caused massive disruptions to business operations, global
Declaring it cannot pay debts, Lebanon sets stage for default
[ad_1] BEIRUT (Reuters) – Lebanon announced it cannot meet its debt payments and halted a March 9 bond payment of $1.2 billion on Saturday, setting the heavily indebted state on course for a sovereign default