Category: Business & Finance

Coronavirus: Insurance companies pause dividend payments

Image copyright Aviva Insurers Aviva, RSA, Direct Line and Hiscox have scrapped plans to pay dividends to shareholders during the coronavirus crisis. They acted after financial regulators urged them to pause payouts because of the uncertainty cause by Covid-19. The Prudential Regulation Authority (PRA) welcomed “the prudent decision”. “Insurers should pay close attention to the […]

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BMW to start producing face masks

FILE PHOTO: The logo of German car manufacturer BMW is seen on the company headquarters in Munich, Germany, December 5, 2019. REUTERS/Andreas Gebert/File Photo MUNICH (Reuters) – German carmaker BMW (BMWG.DE) will start producing face masks to help protect its own staff and the public against the spread of the new coronavirus, Chief Executive Oliver […]

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Dollar firms as virus worries return

SINGAPORE (Reuters) – The dollar found a footing on Wednesday as investors returned to safe-havens, reversing some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing. FILE PHOTO: U.S. dollar banknote is seen in this picture illustration taken May 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo The greenback rose on […]

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