Oil prices rose nearly 3% on Thursday after a three-day selloff sparked by the spread of the coronavirus and a market share battle between Saudi Arabia and Russia drove them to their lowest in almost two decades.
The prime minister in the Netherlands has offered reassurances amid the global coronavirus outbreak: telling citizens on Thursday there is no shortage of toilet paper.
Air France said on Thursday that it was working closely with the French government to help repatriate French and European nationals abroad who might be stranded as a result of transport link closures prompted by the coronavirus.
(Bloomberg) — The British government denied it is planning to confine Londoners to their homes and ban them from leaving the capital. Italy’s lockdown looks set to continue, France will likely extend a confinement period and Spain reported a surge in fatalities.Cases continued to soar in Europe and EU chief Brexit negotiator Michel Barnier said he had tested positive. China said the hub of the outbreak in the country reported no new infections and plans to reduce international flights to cut inbound infections. India will also bar incoming flights.China is planning a fiscal stimulus package of several trillion yuan, Reuters …read more […]
Foursquare data shows visits spiked by an average of 45%. …read more […]
Unfortunately for some shareholders, the Sirius XM Holdings (NASDAQ:SIRI) share price has dived 34% in the last thirty… …read more […]
Three people employed by the U.S. diplomatic mission in Geneva have contracted coronavirus, but are in “good condition”, a spokesperson told Reuters on Thursday, declining to give specifics.
The crisis for airlines deepened on Thursday as Lufthansa warned the industry might not survive without state aid if the coronavirus pandemic lasts a long time, and Qantas Airways told most of its 30,000 staff to take leave.
The British government has no plans to bring in blanket travel restrictions for London or to close down the capital’s transport system, Prime Minister Boris Johnson’s spokesman said on Thursday.
U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have traveled to regions with widespread outbreaks, industry experts said.
(Bloomberg) — While for many U.S. restaurants it seems the sky is crashing down, Starbucks Corp. has a unique perspective after having gone through the same thing in China. Their chief executive officer’s message is this: If the strategy to contain coronavirus worked in China, it will work in North America too.“Our team in China defined elevated cleaning protocols for stores,” CEO Kevin Johnson told investors during a meeting with shareholders that was webcast for health reasons. “They basically created a model we are now using around the world, and we know that model worked.”The company now expects 95% of …read more […]
Investors who take an interest in Marathon Oil Corporation (NYSE:MRO) should definitely note that the Chairman, Lee… …read more […]
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the… …read more […]
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