The U.S. Federal Reserve and its global counterparts moved aggressively with sweeping emergency rate cuts and offers of cheap dollars in a bid to combat the coronavirus pandemic that has roiled markets and paralysed large parts of the world economy. The coordinated response from the Fed to the...

Oil giant Saudi Aramco 2222.SE on Sunday posted a 21% decline in 2019 net profit due to a drop in oil prices and production, and said it plans to “rationalize” capital spending in the wake of the coronavirus outbreak. This was Aramco’s first earnings announcement after it listed in...

Apple is closing all of its stores outside China until March 27 in a bid to slow the spread of the coronavirus outbreak, CEO Tim Cook said. Cook said the firm had learned from steps taken in China, where the tech giant has just reopened its retail stores. "One of those lessons...

Saudi Aramco is expected to announce a drop in profits as it unveils Monday its first annual results since its listing, as the energy giant grapples with sinking oil prices. The 2019 financial results follow an initial public offering on the domestic stock exchange in December, which raised...