VIX futures point to coronavirus worries for months to come

By April Joyner NEW YORK (Reuters) – Investors are betting on stocks to remain volatile well into the year, suggesting that many expect the long-term economic and public health impact of the pandemic caused by the novel coronavirus to continue roiling markets despite a recent rally. The Cboe Volatility Index, known as Wall Street’s fear…

Telecom carriers dial 5G-enabled messaging for edge in social media

China’s big three telecom carriers launched a new 5G-enabled messaging service on Wednesday that could prove to be a game-changer in social networking and pose challenges to Tencent’s messaging services, analysts said. China Mobile, China Unicom and China Telecom published a white paper for the 5G messaging service, which specifies the technical details necessary for…

Coronavirus will hit jobs, livelihoods, says Sunak

LONDON (Reuters) – Britain’s economy and people’s livelihoods will take a hit due to the coronavirus outbreak which has forced a lockdown of much of society, finance minister Rishi Sunak said on Wednesday, adding that the government had taken the right steps to get through the crisis. “This will have a significant impact on our…

Disney might check visitors’ temperatures when theme parks reopen, chairman says

LOS ANGELES (Reuters) – Walt Disney Co (N:DIS) might require theme park visitors to have their temperatures checked when they reopen after coronavirus restrictions on public gatherings are lifted, Executive Chairman Bob Iger said in an interview published on Tuesday. The company is considering the idea as one way to make the public feel safe…

Centerview turns to Matthieu Pigasse to lead new Paris hub

By Gwénaëlle Barzic and Pamela Barbaglia PARIS (Reuters) – U.S. investment bank Centerview has hired Lazard’s former France boss, Matthieu Pigasse, to lead its newly-launched Paris office and win business from European companies grappling with the economic damage caused by the coronavirus outbreak. Centerview, which currently operates in Europe from its London outpost, has also…