Apr.26 — Speculation about North Korean leader Kim Jong Un’s health intensified over the weekend following tantalizing — yet unverified — reports. Stephen Engle reports on “Bloomberg Daybreak: Australia.” …read more […]
U.S. oil futures dipped in electronic trading Sunday evening, extending losses from last week that marked the eighth week of losses out of the last nine.
Stock futures kicked off the overnight session slightly higher Sunday evening as investors mulled a patchwork of state plans to slowly roll back social distancing measures. …read more […]
(Bloomberg) — U.S. stock futures dipped early Monday as investors weighed further signs of positive developments in the global fight against the coronavirus. The yen was steady as traders awaited a key Bank of Japan policy meeting.Asian equity futures rose, following a move higher for U.S. stocks on Friday. The Australian dollar erased early modest losses to trade higher, while moves were muted elsewhere across foreign-exchange markets. Coronavirus deaths slowed the most in more than a month in Spain, Italy and France while fatalities reported in the U.K. and New York were the lowest since the end of March. Oil …read more […]
Airbus Chief Executive Guillaume Faury has told the European planemaker’s 135,000 staff to brace for potentially deeper job cuts after warning its survival is at stake without immediate action to save cash amid the coronavirus crisis.
(Bloomberg) — In this era of pandemic uncertainty, Chinese and Hong Kong-listed firms have come to one consensus on how to best survive it: sit on their wallets and preserve cash.They are retaining profits instead of distributing them to shareholders, with the most Hong Kong dividend payers in at least 35 years opting not to do so in the first quarter. Meanwhile, though valuations recently reached a historical low in the city, firms haven’t picked up their stock-repurchase pace. Instead, sales of additional stock are near their highest since 2018.The data help illustrate how the pandemic has distressed the corporate …read more […]
The U.S. government will cap how much each bank can lend under the emergency loan program designed to keep workers on payrolls amid the coronavirus pandemic, according to a memo seen by Reuters hours ahead of the reopening of the lending program.
The U.S. Small Business Administration (SBA) plans to cap how much institutions can lend under the Paycheck Protection Program designed to keep workers on payrolls amid the novel coronavirus, according to a memo seen by Reuters.
Domino’s Pizza Inc. (DPZ) provided an outlook into the four weeks of its second quarter, projecting a 7.1% increase in U.S. comparable store sales, as demand for home-delivery services is on the rise during the coronavirus pandemic.At the same time though, the world’s largest pizza chain by global retail sales pulled its two-to three-year outlook, citing the uncertainty about the global economy and the company’s business operations as a result of the COVID-19 impact. Domino’s international same-store sales are expected to be down 3.2% in the four weeks from March 23 to April 19, according to preliminary figures.”In a time …read more […]
Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a $4.2 billion commercial aerospace tie-up amid the coronavirus crisis.
Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a $4.2 billion commercial aerospace tie-up amid the coronavirus crisis. The company’s shell-shocked chief executive, in the job for a year with little aerospace experience, sought to rally staff after the board held late-night talks to review the collapse of plans for surviving mounting aerospace competition. “Our history is full of difficult moments, and we have overcome all of them,” Francisco Gomes Neto told Embraer’s 20,000 staff before giving …read more […]
Volkswagen will restart production at its Wolfsburg factory in Germany on Monday, the latest of a fleet of European carmakers to take advantage of eased coronavirus lockdown rules to resume manufacturing.
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that likely will push the national unemployment rate to 16% or higher this month and require more stimulus to ensure a strong rebound, a White House economic adviser said on Sunday.
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