[ad_1] (Reuters) – Gold prices fluctuated more than 1% on Friday, sliding from a seven-year high as investors sold the precious metal to cover margin calls as the rapid spread of the coronavirus hammered equity
Exclusive: Standard Chartered says CEO Winters to remain at bank to execute current strategy – memo
[ad_1] Standard Chartered PLC Group Chief Executive Bill Winters attends the China Development Forum in Beijing, China March 23, 2019. REUTERS/Thomas Peter/Files LONDON (Reuters) – Standard Chartered (STAN.L) Chief Executive Bill Winters is expected to
Wall Street weekahead: Investors look for buys as virus fears crush travel stocks
[ad_1] NEW YORK (Reuters) – Bargain-hunting investors are eyeing the shares of airlines, hotels, cruise lines and other companies that have been among the worst-hit by the coronavirus outbreak. FILE PHOTO: A trader works on
U.S. long-dated yields hit all-time lows as virus panic roils markets
[ad_1] NEW YORK (Reuters) – U.S. Treasury prices soared on Friday, pushing long-dated yields to fresh record lows, as concern that the coronavirus outbreak will hammer the world economy sent investors fleeing to assets seen
Factbox: The economic remedies for the coronavirus
[ad_1] (Reuters) – Policymakers have taken a range of approaches to deal with the economic fallout from the coronavirus, from emergency interest rate cuts and big spending packages to a wait-and-see-stance and pledges of action
Starbucks stops customers using own cups in bid to contain coronavirus
[ad_1] A worker uses a thermometer to check the temperature of a customer as he enters a Starbucks shop as the country is hit by an outbreak of the new coronavirus, in Beijing, China January
Gold gains 1% en route to best week in eight years as virus risks mount
[ad_1] (Reuters) – Gold prices rose more than 1% on Friday and were on course for their biggest weekly gain since Oct. 2011 as the global spread of the coronavirus dimmed growth prospects and sent
Gold set for biggest weekly gain since 2016 as fears mount over virus impact
[ad_1] (Reuters) – Gold prices held steady on Friday but were on track to post their biggest weekly gain since February 2016 over fears that the global coronavirus outbreak could deal a hard blow to
Yes Bank plunges 60%, panicked depositors rush to withdraw funds
[ad_1] BENGALURU/MUMBAI/NEW DELHI (Reuters) – Shares in India’s Yes Bank Ltd plunged 60% on Friday as panicky depositors rushed to withdraw funds after the central bank took control in a dramatic late-night move and limited
Coronavirus could cut global growth by 0.1% to 0.4%, ADB says
[ad_1] An employee wearing protective gear rides an escalator while spraying disinfectant to sanitize a metro station over coronavirus fears in Tbilisi, Georgia March 3, 2020. REUTERS/Irakli Gedenidze/Files MANILA (Reuters) – The Asian Development Bank