FILE PHOTO:An air plane of German carrier Lufthansa lands as air traffic is effected by the spread of the coronavirus disease (COVID-19) in Frankfurt, Germany, March 16, 2020. REUTERS/Kai Pfaffenbach
Related Articles
Mylan warns of possible drug shortages, financial hit due to coronavirus
By Trisha Roy and Saumya Joseph (Reuters) – Drugmaker Mylan NV <MYL.O> said on Thursday it expects the coronavirus outbreak to impact its financial results and warned of drug shortages in case of continued spread of the virus, sending shares of the company down 3.6%. The outbreak has so far mainly battered China, causing nearly […]
Lockmaker Assa Abloy cuts dividend after Swedish call for action
STOCKHOLM (Reuters) – Assa Abloy <ASSAb.ST>, the world’s biggest lockmaker, lowered proposed 2019 dividend on Monday and said it had begun cost cuts because of uncertainty resulting from the coronavirus pandemic. Companies around the world are facing calls from governments to suspend their dividend payouts, encouraging industries such as banks and airlines in particular to […]
Dollar holds gains after Fed expresses virus concerns
By Kate Duguid NEW YORK (Reuters) – The U.S. dollar index hovered near two-month highs on Wednesday after Federal Reserve Chair Jay Powell expressed concerns about the economic fallout of the coronavirus at a news conference following the central bank’s announcement it would leave interest rates unchanged. Demand for the dollar index <.DXY> has risen […]