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9 hours 33 minutes ago

Swiss bank UBS sticks to 2019 dividend amid global calls for payout freezes

UBS Group intends to pay its 2019 dividend, the Swiss bank said on Monday, despite guidance from markets supervisor FINMA, the Swiss government and international banking groups to limit payouts as the coronavirus outbreak hits the global economy.

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9 hours 38 minutes ago

IMF says ECB, ESM support key to strong EU coronavirus response

The International Monetary Fund said on Monday the relaxation of the euro zone's fiscal rules and support from the European Central Bank and the European Stability Mechanism is critical to a strong regional response to the coronavirus pandemic.

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9 hours 56 minutes ago

Harley-Davidson says investor Impala drops plans for board nominations

Harley-Davidson Inc said on Monday that investor Impala Asset Management no longer planned to nominate two candidates to its board.

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9 hours 58 minutes ago

Commerzbank cancels its 2019 dividend recommendation

Commerzbank said on Monday that it will not propose a dividend for 2019.

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10 hours 8 minutes ago

Barclays sets 2050 'net zero' carbon goal after investor pressure

Barclays , one of the biggest lenders in Europe to the fossil fuel industry, on Monday set itself a target to reach "net zero" for its own carbon emissions and the activities it finances by 2050.

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10 hours 9 minutes ago

Johnson & Johnson, U.S. government plan one billion doses of coronavirus vaccine

Johnson & Johnson said on Monday it made a $1 billion deal with the U.S. government to create enough manufacturing capacity for more than 1 billion doses of a vaccine it is testing to fight the new coronavirus that has killed more than 34,000 people around the world.

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10 hours 15 minutes ago

Wall St. rises at open as investors weigh stimulus against shutdown

U.S. stocks opened higher on Monday as President Donald Trump followed last week's massive fiscal stimulus by extending his stay-at-home guidelines, leaving investors guessing at their economic impact.

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10 hours 20 minutes ago

UAE's flydubai to cut salaries for three months due to coronavirus

United Arab Emirates' airline flydubai will cut salaries for three months from April due to the impact of the global coronavirus pandemic on its business, a spokeswoman said on Monday.

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10 hours 28 minutes ago

Lockdown set to stymie Fiat attempt to restart some Italian production

A probable extension of Italy's lockdown could frustrate an attempt by Fiat Chrysler to resume some vehicle production at three Italian plants next week, a union representative said on Monday.

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11 hours 25 minutes ago

Facebook commits $100 million to support news media hurt by virus crisis

Facebook Inc on Monday pledged $100 million in financing and advertising spending to support news organizations, including local publishers in the United States, reeling from pressure due to the coronavirus pandemic.

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