Wall Street accelerates backup plans as coronavirus gets closer to home; offices testing secondary centres, systems if condition worsens
• 5 years agoJPMorgan, Citigroup Inc, Wells Fargo & Co and Goldman Sachs have restricted all non-essential international travel for employees on account of coronavirus, starting with JPMorgan late last week
Fed seen cutting rates amid virus threat, low inflation to cushion economy from effects of coronavirus
• 5 years agoUnlike many other central banks, the Fed still has some room to cut interest rates, although officials there have said that they want to see a “material change” in the economic data before they take further action after cutting rates three times last year.
New Boeing 737 MAX documents show 'very disturbing' picture about safety issues, says official
• 5 years agoThe latest revelations make it clear that despite shaking up its leadership, Boeing will continue to face questions well into 2020 over the actions that led to the crashes as it tries to win approval to return the MAX to service and to restore its damaged reputatio
Aramco kickstarts world's biggest IPO on Sunday in a bid to diversify economy, offers scant details
• 5 years agoThe IPO preparations were revived this summer after Aramco attracted huge interest in its first international bond sale, seen as a pre-IPO relationship-building exercise with investors.
Timeline: Saudi Aramco's winding road to world's largest IPO
• 5 years agoOn 6 January Saudi Arabia's Deputy Crown Prince Mohammed bin Salman mentions his interest in selling off parts of Aramco to private investors in an interview
SoftBank's takeover represents a stunning reversal of fortune for WeWork
• 5 years agoTo stem WeWork's bleeding, SoftBank will need to reverse its losses and find a way to make it profitable.
Brewing giant AB InBev seeks to raise $9.8 bn for Asia unit in world's largest IPO this year; deal to be a welcome boost to Hong Kong
• 6 years agoAB InBev has previously said an IPO of its Asia business could help create a brewing champion for the region such as Budweiser or Corona.
Facebook shared tank after Christchurch shooting livestream, departure of CPO
• 6 years agoFacebook, Twitter and Google were also facing another round of public discussions over extremist content.
JPMorgan launches smartphone app to provide online banking facilities and attract new depositors
• 7 years agoJPMorgan is too big to win government approval to buy another bank to reach more depositors, Dimon has acknowledged.
Microsoft working on technology to make blockchain-based system faster and private
• 8 years agoMicrosoft Corp is working on technology that it believes can make blockchain-based systems faster and more private.