By Carolyn Cohn LONDON (Reuters) – Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy – a sharp rise in payouts at a time of big investment losses. Because epidemics are excluded from many business insurance policies, the early prognosis was for […]
DUBAI (Reuters) – Saudi Aramco <2222.SE> shares fell 10% on Monday after Saudi Arabia slashed its official selling prices for crude and set out plans for a dramatic increase in oil production next month, prompting a sharp drop in prices. Shares in Aramco were trading at 27 riyals ($7.20), 15.6% below its initial public offering […]
By Andy Sullivan and Richard Cowan WASHINGTON (Reuters) – The U.S. Federal Reserve and Congress moved swiftly to confront the growing coronavirus threat this week, as the central bank propped up the economy and the House and Senate approved $8.3 billion for vaccine development and other steps to contain the virus. Now comes the hard […]
