Ukraine, one of world’s top grain exporters, is ready to ban wheat exports if sales exceed limits agreed with traders, the deputy economy minister in charge of agriculture told Reuters on Wednesday.
Abu Dhabi Commercial Bank , a key lender to NMC Health , said on Wednesday it had filed a criminal complaint against a number individuals linked to the hospital operator with the Attorney General in Abu Dhabi.
UnitedHealth Group Inc reported a 2.5% fall in first-quarter profit on Wednesday, hurt by higher medical costs.
Easing bank rules is among the “bold and extraordinary” steps needed to beat the coronavirus, but it must be temporary and limited to avoid undermining financial stability after the epidemic has passed, central bankers said on Wednesday.
Top news and what to watch in the markets on Wednesday, April 15, 2020. …read more […]
(Bloomberg) — China criticized U.S. President Donald Trump’s move to halt funding to the World Health Organization and pledged to support the global health body. Beijing said it had updated the WHO in a “timely” manner.New cases in Germany fell for a sixth day and the government will likely extend curbs until early May. Leaders across Europe are mapping ways to restart their economies and U.S. officials are also drafting plans to reopen businesses, the Washington Post said.The International Monetary Fund said the “Great Lockdown” recession will be the steepest in almost a century and the International Energy Agency warned …read more […]
Oil fell 5% to around $28 a barrel on Wednesday, pressured by reports suggesting persistent oversupply and collapsing demand due to global coronavirus-related lockdowns.
Global share markets dipped into the red on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage done during the coronavirus panemdic even as some countries try to re-open for business.
Credit Suisse has lost a bid to block an auditor appointed by Switzerland’s financial supervisor as part of its probe into the bank’s spying scandal, court documents show, with judges ruling the Swiss bank’s objections were unfounded.
American Airlines (AAL) has announced that the U.S. Department of the Treasury has approved $5.8 billion in financial assistance from its Payroll Support Program (PSP).The funds, which are targeted to support team member salaries and benefits, will come in two forms: a direct grant of $4.1 billion, and a low-interest rate loan of $1.7 billion.What’s more, in addition to the $5.8 billion, American revealed that it is planning to separately apply for a loan from the U.S. Treasury of approximately $4.75 billion.Following the approval, American Airlines CEO Doug Parker stated “The Payroll Support Program recognizes the extraordinary dedication of our …read more […]
Shareholder advisory groups are divided over whether to endorse the management and directors at German drugs and pesticides company Bayer , according to recommendations submitted by proxy voting firms.
(Bloomberg) — Stocks in Europe edged lower while American equity-index futures retreated as investors scoured corporate earnings to gauge the impact of the coronavirus outbreak. The dollar ticked higher and Treasuries rose.The Stoxx Europe 600 index declined for the first time in five trading days. ASML Holding NV, a crucial supplier to Samsung Electronics Co., reported a 40% drop in first-quarter earnings and refrained from providing guidance for the next three months amid uncertainty caused by the pandemic. Contracts on all three major U.S. gauges fell after the S&P 500 closed at a one-month high on Tuesday, following earnings from …read more […]
(Bloomberg) — Gold traded near the highest close in more than seven years, supported by predictions for the deepest global recession in generations; expectations for prolonged, debt-fueled intervention by central banks and governments; and another charge by investors into bullion-backed funds.Spot bullion held its ground after a four-day surge, with the International Monetary Fund twinning a warning that the pandemic-induced global recession will be the deepest since the Great Depression with a plea for more even more stimulus. Later Wednesday, U.S. retail sales data for March will add more detail on the damage from the outbreak as earnings season rolls …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
