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Developing countries unlock key industries to safeguard earnings and jobs

From Africa to Asia and Latin America, emerging countries disproportionately bruised by the COVID-19 pandemic are allowing some key industries to start back up in a bid to soften the economic blow.



5 years ago

Oil rises as Trump plans to ease lockdown

Oil prices rose on Friday as President Donald Trump laid out plans to ease the U.S. coronavirus lockdown and on reports, later played down, that a drug may potentially help treat COVID-19.



5 years ago

P&G beats profit estimates as consumers stock up on toilet rolls, detergents

Procter & Gamble Co beat expectations for quarterly profit on Friday as consumers stocked up on everything from diapers and detergents to toilet rolls amid sweeping lockdowns around the world to curb the spread of the coronavirus.



5 years ago

IRS sends coronavirus stimulus checks to dead people

The Internal Revenue Service inadvertently deposited some of the coronavirus stimulus payments into the accounts of deceased Americans.

5 years ago

Some life insurers hit pause on older Americans during coronavirus crisis

Some U.S. life insurers are deciding not to gamble on older Americans during the coronavirus crisis by temporarily suspending applications from certain age groups or imposing tougher requirements.



5 years ago

Wall Street bounces on Boeing bump, Trump's restart plan

U.S. stocks jumped on Friday following President Donald Trump's new guidelines to reopen the economy and on a report of a drug to potentially treat COVID-19, while Boeing headed higher on plans to resume production.



5 years ago

GE aircraft leasing unit cancels 69 737 MAX orders

General Electric Co's aircraft leasing subsidiary canceled 69 orders for Boeing Co's grounded 737 MAX jets on Friday, as it evaluates its order book in the wake of the coronavirus pandemic.



5 years ago

World Bank says no 'free ride' for commercial creditors on debt relief

Commercial creditors need to support debt relief for the poorest countries and cannot just "free ride" on a suspension in debt payments by official bilateral creditors, World Bank President David Malpass said on Friday.



5 years ago

Italy's firms shake lockdown using shortcut in coronavirus law

Weeks into Italy's coronavirus lockdown, thousands of Italian entrepreneurs have been given a bureaucratic shortcut to market.



5 years ago

Deutsche Bank investor files new motion to oust chair at shareholder meeting

Deutsche Bank investor Riebeck-Brauerei on Friday filed a motion seeking a vote to oust the lender's chairman Paul Achleitner at this year's annual general meeting, according to a document prepared by the activist shareholder's lawyer.



5 years ago

U.S.'s Pompeo: Nations should rethink use of China's Huawei amid coronavirus

U.S. Secretary of State Mike Pompeo on Friday said China's role in the global coronavirus pandemic is likely to force countries to rethink their telecommunications infrastructure, including the adoption of China-based Huawei's 5G networks.



5 years ago

Op-Ed: Advisors need to help clients get back to basics during this volatility

While financial advisors must continue being proactive in helping clients maintain financial well-being during the coronavirus pandemic and downturn, the most effective advisors are managing their clients' emotional well-being, as well.

5 years ago

Preparing for Acquisition

If your long-term goals include a potential exit via acquisition, you can prepare ahead of time to be a more attractive target. Continue reading

5 years ago

AMC says it has enough cash to withstand theater shutdowns until July

AMC Entertainment Holdings Inc, the world's largest theater operator, said on Friday its current cash balance was enough to withstand a global suspension of operations until a partial reopening in July.



5 years ago

Kansas City pulls 2020 forecast on pandemic concerns; Mexico shipments drive profit beat

U.S. railroad operator Kansas City Southern withdrew its full-year earnings forecast on Friday on coronavirus concerns, but topped Wall Street estimates for quarterly profit as higher Mexico shipments boosted sales its chemicals and petroleum business.



5 years ago