Federated Hermes has written an open letter to company executives and chairpersons setting out how COVID 19 has changed its engagement priorities and how the pandemic should change global businesses for the better.
Ukraine, one of world's top grain exporters, is ready to ban wheat exports if sales exceed limits agreed with traders, the deputy economy minister in charge of agriculture told Reuters on Wednesday.
Brazilian airline Azul SA has hired restructuring firm Galeazzi & Associados to renegotiate its financial and suppliers' debt, Brazilian newspaper O Estado de S. Paulo reported on Wednesday.
Argentina is braced for the first case of coronavirus to be confirmed among the thousands of port workers and grains handlers involved in the country's key agricultural export sector, local industry officials said.
The Wall Street bank benefited from greater turmoil and activity in markets in the quarter.
British fashion brand Barbour has turned over its production line to making protective gowns for frontline healthcare workers battling the coronavirus outbreak, reviving memories of its patriotic efforts in both world wars.
Global accounting and consulting company Deloitte said partners at its UK arm would have their pay cut by a fifth this year to protect jobs during the pandemic.
U.S. retail sales suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for a range of goods, setting up consumer spending for its worst decline in decades.
Citigroup reported a sharp drop in its first-quarter profit as the bank built its loan-loss reserves by $4.9 billion.
UnitedHealth Group Inc on Wednesday reported a better-than-expected quarterly profit due to strength in the pharmacy benefit business and maintained its forecast for the year, sending the company's shares up nearly 3% before the bell.
Citigroup Inc reported a 46% plunge in quarterly profit on Wednesday as the bank set aside nearly $5 billion to prepare for an expected flood of defaults on loans due to a virtual halt in economic activity caused by the coronavirus pandemic.
Toyota Motor Corp on Wednesday said it will cut production of finished vehicles by 40 percent in Japan in May as demand shrinks around the world because of the coronavirus pandemic.
Proxy advisory ISS has backed Credit Suisse's proposals for its annual general meeting on April 30, recommending shareholders vote in favour of the group's pay proposals and approving the performance of its leadership.
As companies deal with declining cash flow amid the coronavirus pandemic, they are likely to cut or even suspend dividends.
U.S. stock index futures retreated on Wednesday as another batch of dismal first-quarter earnings reports and a slide in oil prices lent credence to forecasts for the biggest economic slump since the 1930s.