JPMorgan Chase & Co could consider suspending dividend for 2020 due to the ongoing coronavirus crisis, Chief Executive Officer Jamie Dimon said on Monday, even as the bank rolled out relief measures for customers and small businesses.
Kenya’s leading telecom firm Safaricom and South Africa’s Vodacom said on Monday that they had completed the acquisition of popular mobile money platform M-Pesa from Britain’s Vodafone .
The coronavirus pandemic leaves the future of stock buybacks in serious question. …read more […]
Saudi Arabia and Russia are close to a deal on oil output cuts to reduce a global glut, a top Russian oil negotiator said on Monday, but details such as how to share out production curbs remained unclear ahead of talks planned for later this week. A supply deal between OPEC, Russia and other producers, a group known as OPEC+, that had propped up oil prices for three years collapsed in March, while the coronavirus hammered demand. Riyadh and Moscow blamed each other for the failure and launched a battle for market share, sending oil prices to their …read more […]
Market forces rained on the parade of StoneCo Ltd. (NASDAQ:STNE) shareholders today, when the analysts downgraded… …read more […]
Mandatory coronavirus quarantines of seasonal foreign workers in Canada could hurt that country’s fruit and vegetable output this year, and travel problems related to the pandemic could also leave U.S. farmers with fewer workers than usual.
BMW is expecting a further decline in global demand as the coronavirus outbreak takes its toll, a spokesman said on Monday, after the German carmaker reported a 20.6% drop in first quarter sales to 477,111 vehicles.
Top news and what to watch in the markets on Monday, April 6, 2020. …read more […]
Apr.06 — European Banking Authority Chairman Jose Manuel Campa discusses efforts by regulators and central banks to help lenders weather the fallout from the coronavirus so that they can issue loans to individuals and smaller businesses. “Now is the time to focus on providing lending to the economy,” He said on “Bloomberg Markets: European Open.” …read more […]
(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.
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 […]
Peugeot-owner PSA said on Monday it had secured a further 3 billion euros ($3.3 billion) of loans, strengthening its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis.
French tyre company Michelin said on Monday that its leading executives had agreed to take pay cuts as a gesture of solidarity to help deal with the negative effects of the hit to its business from the COVID-19 outbreak.
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