The bull market celebrates its 11th birthday on Monday. How will the coronavirus impact its record-breaking winning streak? …read more […]
Brent oil prices steadied on Wednesday, paring early gains as markets assessed whether deeper output cuts by major producers would be enough to offset the impact of the coronavirus outbreak.
Bonds held their gains on Wednesday as investors digested the U.S. Federal Reserve’s dramatic move to cut interest rates in an effort to contain economic damage from the coronavirus.
Saudi Arabia and other OPEC members will seek to persuade Russia on Wednesday to join them in large additional oil output cuts to prop up prices which have tumbled by a fifth this year because of the coronavirus outbreak. A technical panel of several representatives from OPEC states, Russia and other producers recommended on Tuesday cutting output by as much as an extra 1 million barrels per day (bpd) during the second quarter only. Russia has so far signalled it might be willing to agree to extending existing cuts, which expire in March, but might find it difficult …read more […]
Facebook Inc will provide free advertisements to the World Health Organization (WHO) as it seeks to ensure users are not misinformed about the virus, its risks and how to react to it, Chief Executive Officer Mark Zuckerberg said on Tuesday.
Canadian billionaire Lawrence Stroll, who is investing in carmaker Aston Martin, sees the opportunity to share Formula One technology with the firm’s range of road cars, he said on Wednesday. “I feel Aston has really missed having a mid-engine programme, having that DNA in their racing, in their blood and now with the opportunity of returning to a works Formula One team for 2021 to be able to share technology from our Formula One team with our road car projects,” he said. “I think this is the final cherry on the cake that Aston Martin really needed to …read more […]
(Bloomberg) — Intu Properties Plc has abandoned a plan to raise as much as 1.5 billion pounds ($1.9 billion) of new equity it needs to stave off lenders, throwing the indebted mall landlord’s future into doubt.The company said it’s now exploring alternative capital structures and further asset sales, after receiving “several expressions of interest during the process.” The shares fell the most on record.Uncertainty in the equity and real estate markets kept a number of potential investors on the sidelines, the London-based company said in a statement Wednesday. The value of Intu’s malls and stores plunged by 2 billion pounds …read more […]
Canadian billionaire Lawrence Stroll, who is investing in carmaker Aston Martin , sees the opportunity to share Formula One technology with the firm’s range of road cars, he said on Wednesday.
Model fire stations and garbage trucks helped Lego defy a shrinking toy market with a rise in sales last year, as the plastic brick maker outpaced rivals with the latest versions of its classic kits, as well as new stores and a revamped website.
Oil prices rose on Wednesday on hopes that major producers have made progress towards sealing an agreement to implement deeper output cuts aimed at offsetting the slump in demand caused by the global coronavirus outbreak.
The rapid spread of coronavirus cases worldwide is complicating a standard strategy used by airlines when disease, disaster or conflict hit travel destinations: lower fares and redirect flights to trouble-free areas.
In an effort to win over passengers hesitant about traveling in the midst of a spreading coronavirus outbreak, some airlines are offering free rebooking options.
Asian shares struggled to find their footing on Wednesday and bonds held stunning gains, as an emergency rate cut from the U.S. Federal Reserve seemed to stoke rather than soothe fears over the coronavirus’ widening global economic fallout.
A team of ICBC Standard bankers celebrated in London last June after closing its first major U.S. refinery deal and gaining a foothold in the biggest energy market in the world.
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