Global benchmark oil prices traded as much as $3 a barrel lower as the market opened for Monday’s trading session, reflecting fears of oversupply after Saudi Arabia and Russia postponed to Thursday a meeting about a potential pact to cut production.
Stelios Haji-Ioannou, the founder of easyJet Plc , has warned that he will not inject any fresh equity into the airline it terminates a contract with Airbus SE for 4.5 billion pounds ($5.50 billion), according to a letter https://easy.com/wp/wp-content/uploads/2020-04-05-stelios-media-statement-on-easyjet-and-airbus-for-release-6april20-final.pdf posted on EasyGroup’s website.
Private equity firm Silver Lake Partners is preparing to seek at least $16 billion from investors for its sixth flagship buyout fund, braving the economic uncertainty of the coronavirus outbreak, according to people familiar with the matter.
UK aero-engine maker Rolls-Royce will abandon its targets on profits, cash and deliveries, and suspend its dividend, due to the coronavirus outbreak, the Financial Times reported late on Sunday.
Stock futures rose Sunday evening as investors braced for another week of closely monitoring developments around the global coronavirus outbreak and policymakers’ responses to the pandemic. …read more […]
Boeing Co said on Sunday it would extend the suspension of production operations at its Washington state facilities until further notice amid the coronavirus outbreak.
(Bloomberg) — U.S. stocks futures advanced after the daily reported death toll in some of the world’s coronavirus epicenters was lower on Sunday. Oil tumbled.The latest fatality figures provided some respite to the onslaught of recent negative virus headlines, though the economic impact will continue to bite for some time. S&P 500 futures opened more than 1% higher, and contracts in Japan also climbed. The pound dipped as U.K. Prime Minister Boris Johnson was admitted to hospital for tests after suffering from the coronavirus for 10 days. Oil sank as uncertainty remains over a proposed meeting of supplier nations that …read more […]
The largest U.S. planemaker announced March 23 it would halt production at its Washington state twin-aisle jetliner factory as a temporary measure to help fight the coronavirus outbreak. Boeing declined to say when production could resume. It said the actions were “being taken in light of the company’s continuing focus on the health and safety of employees, current assessment of the spread of COVID-19 in Washington state, the reliability of the supply chain and additional recommendations from government health authorities.” …read more […]
(Bloomberg) — Saudi Arabia, Russia and other large oil producers are racing to negotiate a deal to stem the historic price crash as diplomats said some progress was made on Sunday.The talks still face significant obstacles: a meeting of producers from OPEC+ and beyond — delayed once — is only tentatively scheduled for Thursday. Russia and Saudi Arabia want the U.S. to join in, but U.S. President Donald Trump has so far shown little willingness to do so.Oil diplomats are trying to stitch together a meeting of G20 energy ministers for Friday, part of an effort to bring the U.S. …read more […]
(Bloomberg) — Few predict anything less than turbulence for global markets in the coming week. But those who think the worst has passed are finding their voice.Commentators from Morgan Stanley to Eaton Vance are turning less gloomy. They’re encouraged by a combination of unprecedented government and central bank stimulus efforts, declining volatility and — crucially — signs that the coronavirus pandemic is peaking in parts of Europe.“There is light at the end of the tunnel but it’s still a long tunnel,” Erik Nielsen, UniCredit SpA’s London-based chief economist, wrote in a note Sunday.None of which means markets will gain much …read more […]
Global benchmark oil prices are expected to open lower on Monday as a dispute between top crude exporters Russia and Saudi Arabia raises concerns of another collapse in talks to curb production at a meeting this week.
Global benchmark oil prices are expected to open lower on Monday as a dispute between top crude exporters Russia and Saudi Arabia raises concerns of another collapse in talks to curb production at a meeting this week. The move lower may be muted as the market reacts to U.S. President Donald Trump’s statement on Saturday that he will put tariffs on Saudi and Russian production, potentially accelerating a meeting. OPEC and its allies postponed an emergency meeting scheduled for Monday, led by Saudi Arabia, where the oil cuts could be agreed upon. …read more […]
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