HSBC shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against the bank’s decision to scrap dividend payments.
As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will be able to weather the economic fallout of coronavirus without state help.
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 […]
BMW said on Monday that group sales dropped by 20.6% to 477,111 vehicles in the first quarter as the outbreak of coronavirus took its toll and many retail outlets temporarily closed.
Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus pandemic pummels demand.
Troubled hospital group NMC Health said on Monday it is in talks with Abu Dhabi Commercial Bank , seeking to convince it to withdraw an application that the lender had filed proposing that NMC be placed under administration.
British aero-engine maker Rolls-Royce said it was scrapping its targets and its final dividend, taking steps to shore up its finances as airlines around the world ground planes due to the coronavirus pandemic.
Norwegian Air’s passenger volume fell by 60% year-on-year in March as the company gradually grounded its fleet amid global efforts to halt the spread of the novel coronavirus.
Oil prices slipped on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could partly alleviate oversupply in global markets as the coronavirus pandemic pummels demand.
Kraft Heinz’s (KHC) CEO Miguel Patricio has announced that the company has slashed production at three plants providing restaurant supplies, as consumer behavior shifts in response to the coronavirus outbreak. “These facilities have significantly reduced production” he said.“Operations in China are returning to normal now, but… consumers’ behavior has changed, as individuals are using more home deliveries” Patricio told investors.However, there was a positive takeaway from the presentation as well. According to Patricio, KHC has now boosted output at its packaged food units to meet the demand for macaroni and cheese in the US, and canned beans and soups in …read more […]
Gilead (GILD) is now working in consultation with regulatory authorities to establish additional expanded access programs for remdesivir, the company’s investigational medicine for Covid-19, says the company CEO Daniel O’Day.According to O’Day, the programs enable hospitals or physicians to apply for emergency use of remdesivir for multiple severely ill patients at a time. In particular, new US sites have been initiated while the European Medicines Agency announced that it has provided EU member states with recommendations on implementing expanded access programs for remdesivir in their countries.In addition to the expanded access programs, Gilead continues to provide remdesivir on an individual …read more […]
Many markets have shortened trading hours, and others are mulling whether to follow suit. ** India’s market regulator halved position limits for certain stock futures, restricted short-selling of index derivatives and raised margin rates for some shares in a bid to curb “abnormally high” volatility. …read more […]
Russia’s Sokol crude, which yields more middle distillates like jet fuel and gasoil from refining, has slumped to a record spot discount in the Asia market, two trade sources said on Monday, as fuel demand takes a hit from the coronavirus pandemic. Indian oil explorer ONGC Videsh sold one 700,000-barrel cargo of Russian Sokol crude for loading between June 2-8 at a discount of around $8 a barrel to Dubai quotes via a spot tender that was closed and awarded last Friday, likely to a trader, the sources said. In comparison, last month ONGC sold a Sokol crude …read more […]
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