More virus-driven panic to infect markets

Dubai: Investors braced for another tumultuous week ahead, as markets roil in panic to the escalating worldwide spread of a deadly virus outbreak. Global markets traded deep in the red last week, with indices on Wall Street plummeting from a record peak. During the week, the Dow Jones sank 11 per cent, the S&P 500 […]

Harley-Davidson CEO steps down after 5-year sales slump

Detroit: Harley-Davidson Inc.’s Chief Executive Officer Matt Levatich stepped down Friday after failing to arrest a chronic sales slump, leaving the iconic American motorcycle maker midway through a multiyear makeover. Levatich will be replaced on an interim basis by Jochen Zeitz, a board member credited with reviving the Puma sneaker brand, the company said in […]

$5 trillion lost in global stock markets melt on coronavirus fears

New York: Coronavirus panic sent world stock markets tumbling again on Friday, setting them on course for their largest weekly fall since the 2008 global financial crisis, with over $5 trillion wiped from global market value so far this week. Stocks shaved some losses on Wall Street after Federal Reserve chairman Jerome Powell said the […]