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MILAN: UniCredit SpA reported its biggest loss in more than three years as provisions related to the coronavirus added to the pain of one-off costs for job cuts and the writedown of its Turkish unit.
NEW YORK CITY: Citigroup Inc’s Dean Little and Jonathan Smalley learned the proxy voting process the hard way: in the mailroom.
Citigroup says 10% rise seen by the end of the year
This comes as coronavirus upends financial markets
The pandemic is playing to the strengths of the biggest digital players, as seen in their earnings results for the quarter ending in March.
Who knows what the new normal for oil demand will be once Covid-19 is firmly in the rear view mirror?
SHANGHAI: Traffic is returning to the streets of China’s biggest cities as the nation emerges from a virus-led lockdown, prompting a boost in fuel consumption that’s supporting a recovery in refinery processing rates.
TEXAS: Southwest Airlines Co raised about US$4bil by selling shares and convertible notes, stepping up a push to add liquidity as the coronavirus pandemic all but erases demand for flights.
SINGAPORE (Bloomberg): All three of Singapore's banks are expected to see profit declines for the first time since 2016 as they set aside cash for a potential spike in bad loans stemming from the coronavirus-fueled economic slump.
HONG KONG: At least no one can blame HSBC Holdings Plc for the coronavirus. After a series of self-inflicted blows, from its muddled search for a new chief executive to a poorly received revamp, the bank joins the rest of the industry in being blindsided by the pandemic