PIMCO sees mild recession due to virus but tight credit poses risk

By Herbert Lash NEW YORK (Reuters) – Pacific Investment Management Co (PIMCO), one of the world’s…

Wall Street coronavirus contingency plans – the state of play

By Scott DiSavino (Reuters) – As the coronavirus spreads in the financial hub of New York,…

Lebanon’s debt talks to start soon, will likely last months

BEIRUT (Reuters) – Negotiations to restructure Lebanon’s foreign currency debt should not last more than nine…

Brazil, U.S. sign agreement to develop defense technology

MIAMI (Reuters) – Brazilian and U.S. governments signed on Sunday an agreement for development of defense…

Alitalia to suspend flights from Milan Malpensa from March 9

MILAN (Reuters) – Alitalia said on Sunday it was suspending national and international flights to and…

Emirates expects coronavirus to impact financial performance: internal notice

By Alexander Cornwell DUBAI (Reuters) – Emirates airline expects its financial performance to be impacted by…

ECB tells staff to work from home in coronavirus test

FRANKFURT (Reuters) – The European Central Bank has told most of its over 3500 staff to…

UK’s Sunak looking at ways to relax spending limit

By William Schomberg and Kylie MacLellan LONDON (Reuters) – British finance minister Rishi Sunak, under pressure…

Israel’s El Al issues more severe revenue warning due to coronavirus

JERUSALEM (Reuters) – Israel’s flag carrier, El Al airlines <ELAL.TA>, said on Sunday it expects an…

IKEA reopens nine more stores in China

LONDON (Reuters) – IKEA, the world’s biggest furniture brand, is reopening nine of its stores in…

Israel to set up $1 billion fund to help companies through coronavirus crisis

TEL AVIV (Reuters) – Prime Minister Benjamin Netanyahu said on Sunday his government would establish a…

India’s Yes Bank founder remanded in police custody on money-laundering charges

By Abhirup Roy MUMBAI (Reuters) – An Indian court on Sunday remanded the founder and former…