News

Ratings agency Moody's downgraded South Africa's sovereign credit rating to "junk" status on Friday, moving the rating down to 'Ba1' from 'Baa3' and maintaining a negative outlook.

British accounting firm KPMG chairman Bill Michael has tested positive for coronavirus and has been hospitalised, the Financial Times reported https://on.ft.com/2QOyvdS on Friday.

Western Union Co, the world's largest money transfer firm, said on Friday it is withdrawing its full-year financial outlook amid the coronavirus pandemic.

BlackRock Inc will earn less than $8 million a year in fees for its role assisting the Federal Reserve with its purchases of commercial mortgage-backed securities, one of the new programs the central bank is rolling out to backstop an economy under threat from the coronavirus outbreak, according to details...

Nigeria has appealed to private companies to make voluntary contributions towards the 120 billion naira ($330 million) the government says it needs to fight the coronavirus epidemic.

Whitehall fears further infections could hamper government efforts to tackle Covid-19

Morocco will spend an initial 2 billion dirhams ($200 million) to help its health system cope with the coronavirus outbreak, the finance ministry said on Friday as the number of confirmed cases in the country rose to 333.

Capacity boost after initiative involving business, science and universities

Italy's biggest retail bank Intesa Sanpaolo said on Friday its board would discuss on March 31 a recommendation from the European Central Bank to delay dividend payments.

U.S. banking regulators told banks Friday they could ignore the capital implications of a new accounting standard for two years and adopt early a new, more sensitive way to measure risk in a bid to ensure banks continue lending through the pandemic.