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Fears over China coronavirus wallop European shares
By Ambar Warrick (Reuters) – European shares fell for a fourth straight session on Thursday as worries over the spread of a new coronavirus in China created uncertainty over the potential economic fallout. The pan-European STOXX 600 <.STOXX> index dropped 0.7%, its worst session so far this year, with China-exposed mining stocks as well as […]
Dick Brass: Pardon me, Mr President
OPINION: Dear President Trump, Tomorrow is Christmas. It’s been a terrible year. So for a gift, I am hoping you can give us all a Presidential pardon. Pardon me? That’s right. I’d like you to please use your Constitutional power to pardon me for any federal crimes I might ever have committed. I don’t believe […]
Some banking systems may need help in worst-case scenario: IMF
By Pete Schroeder and Megan Davies WASHINGTON (Reuters) – Some countries’ banking systems might have to be recapitalized or even restructured, if their economies are severely handicapped by prolonged disruption from the coronavirus outbreak, officials at the International Monetary Fund said on Tuesday. Leading regulators and bank chief executives, particularly in the United States, have […]