Month: April 2020

(Bloomberg) — Repsol SA is the latest oil major to head to Europe’s debt market for fresh financing, with other large borrowers piling in as measures of credit stress ease for the first time in four days.Eight issuers including Sanofi and LafargeHolcim Ltd are marketing new bonds on Monday, with Repsol following BP Plc, Royal Dutch Shell Plc and OMV AG in to the market. The strong start to a holiday-shortened week for sales comes as a gauge of European credit risk fell after Germany saw the lowest number of new coronavirus cases in six days and U.S. President Donald …read more […]

(Bloomberg) — South Korean, Philippine and Indonesian stocks are the first in Asia Pacific to enter technical bull markets, rising over 20% from lows reached just weeks ago, as investor sentiment was buoyed by a slowing death toll in some of the world’s coronavirus hotspots.Asia’s regional benchmark climbed 2.5%, the most in about two weeks. New York State fatalities fell for the first time, and Italy had the fewest deaths in more than two weeks. President Donald Trump said he sees signs the U.S. outbreak is beginning to level off. Markets were also optimistic about Saudi Arabia, Russia and other …read more […]

Belgium’s Brussels Airlines, a Lufthansa subsidiary, has extended its suspension of flights until at least May 15, it said on Monday. The Belgian carrier had previously grounded flights until Apr. 19 but said it was extending that by four weeks because of “low to no demand”, owing to travel restrictions aimed at curbing the spread of the coronavirus. Airlines have been among the hardest-hit industries as the spread of the COVID-19 respiratory disease trigerred by the new coronavirus has brought travel to a grinding halt in many parts of the world. …read more […]

(Bloomberg) — When Samsung Electronics Co. brass addressed analysts during its last earnings call, much of the talk revolved around finally turning the corner after years in the doldrums. That was in January, before Covid-19 threw the global economy into a tailspin.Now, executives are struggling to assess the damage. In the short term, Samsung’s most profitable business is riding a surge in online activity from the millions confined to home, driving demand for the memory chips that help power datacenters and cloud services. But should the pandemic persist into the second half — a worst-case scenario — the tech giant …read more […]

Russia’s major oil companies, Rosneft, Lukoil and Gazprom, are set to resume Urals crude supplies to Belarus refineries in April after a three month suspension after Moscow and Minsk agreed supply terms, four industry sources familiar with supply plans told Reuters on Monday. Russia’s oil supplies to Belarus are set at roughly 0.6 million tonnes for April so far, according to the sources. Companies may decide to send more oil to Belarus in April if they find the supplies profitable, they added. …read more […]

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As many Americans are feeling financial strain amid the pandemic, you might feel inclined to help anyone out who you know is struggling. Here are five of the easiest ways to send money amid coronavirus. …read more […]

Not even a pandemic will dissuade scammers from their dishonest ways. In fact, many see the coronavirus outbreak as an opportunity to take advantage of people’s fears. Don’t fall for these common scams in the wake of COVID-19. …read more […]