[ad_1] (Reuters) – Gold prices rose more than 1% on Friday and were on course for their biggest weekly gain since Oct. 2011 as the global spread of the coronavirus dimmed growth prospects and sent
Gold set for biggest weekly gain since 2016 as fears mount over virus impact
[ad_1] (Reuters) – Gold prices held steady on Friday but were on track to post their biggest weekly gain since February 2016 over fears that the global coronavirus outbreak could deal a hard blow to
Yes Bank plunges 60%, panicked depositors rush to withdraw funds
[ad_1] BENGALURU/MUMBAI/NEW DELHI (Reuters) – Shares in India’s Yes Bank Ltd plunged 60% on Friday as panicky depositors rushed to withdraw funds after the central bank took control in a dramatic late-night move and limited
Coronavirus could cut global growth by 0.1% to 0.4%, ADB says
[ad_1] An employee wearing protective gear rides an escalator while spraying disinfectant to sanitize a metro station over coronavirus fears in Tbilisi, Georgia March 3, 2020. REUTERS/Irakli Gedenidze/Files MANILA (Reuters) – The Asian Development Bank
Facebook, Google ask San Francisco staff to work from home as coronavirus spreads
[ad_1] FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration/File Photo (Reuters) – Social media giant Facebook Inc and Alphabet Inc’s Google on
Yes Bank shares drop 25% as RBI takes control
[ad_1] A security guard stands outside a Yes Bank branch at its headquarters in Mumbai, January 17, 2018. REUTERS/Danish Siddiqui/Files MUMBAI (Reuters) – Shares in India’s fifth-largest private sector lender Yes Bank tumbled 25% to
Sensex, Nifty plunge as Yes Bank woes hit banking stocks
[ad_1] BENGALURU (Reuters) – Indian shares tumbled on Friday, as banking stocks came under pressure after the country’s central bank placed troubled lender Yes Bank under a moratorium and took over its board. The Bombay
Trump says U.S. economy could take hit from coronavirus
[ad_1] SCRANTON, Pa. (Reuters) – President Donald Trump said on Thursday the U.S. economy might take a hit from the coronavirus outbreak but predicted the challenge would eventually pass and defended his handling of the
SBI to study viability of buying stake in Yes Bank: source
[ad_1] NEW DELHI/MUMBAI (Reuters) – The board of India’ top lender, State Bank of India, agreed on Thursday to conduct a viability assessment into buying a stake in troubled private sector Yes Bank Ltd., a
SBI Cards $1.4 billion IPO braves virus turmoil, subscribed 22 times
[ad_1] BENGALURU (Reuters) – The $1.4 billion public issue of SBI Cards and Payment Services Ltd, India’s largest IPO in over two years, weathered the coronavirus-led global market turmoil and was subscribed 22.45 times by