Business News
Condom shortage looms after coronavirus lockdown shuts world’s top producer
A global shortage of condoms is looming, the world’s biggest producer said, after a coronavirus lockdown forced it to shut down production.
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Business News
Exclusive: India’s Reliance seeks to sell Mideast crude cargoes in rare move
India’s Reliance Industries Ltd is seeking to sell some April-loading crude cargoes in a rare move as it plans to cut crude processing after the coronavirus pandemic hit global fuel demand, four sources said on Friday.
Business News
Travelex shuts UK forex bureaus on virus fears, starts funding talks
Foreign exchange company Travelex said on Friday it was shutting its UK bureaus for about eight weeks or more due to the coronavirus pandemic and that it was in talks with its stakeholders for continued access to funds.
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How Does Delta Air Lines's (NYSE:DAL) P/E Compare To Its Industry, After The Share Price Drop?
To the annoyance of some shareholders, Delta Air Lines (NYSE:DAL) shares are down a considerable 36% in the last… …read more […]
Business News
ViacomCBS withdraws forecast as virus delays movie launches, sports events
ViacomCBS Inc on Friday withdrew its forecast for the year as the ongoing coronavirus pandemic and related lockdowns force the media conglomerate to delay movie releases.
Business News
ProSieben shares rally after CEO Conze’s departure
Shares in ProSiebenSat.1 Media rallied by 9% on Friday after the abrupt departure of Chief Executive Officer Max Conze ended a drama-filled tenure that unraveled after his deputy denounced a “soap opera” at the German broadcaster.
Business News
Wall Street Week Ahead: Fund rebalancing could help buoy stock rebound
Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fueled market drop.
Business News
Brazil headed for ‘whatever it takes’ QE as coronavirus crash looms
Brazil’s central bank could soon be forced to fire up the money printing presses if the coronavirus-fueled recession facing Latin America’s largest economy is as devastating as some economists fear.
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Results: Micron Technology, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Micron Technology, Inc. (NASDAQ:MU) just released its quarterly report and things are looking bullish. It was overall… …read more […]
Business News
Stock futures fall after strong three-day rally as virus threat continues
U.S. stock index futures fell on Friday, a day after the S&P 500 and Dow posted their best three-day run since the 1930s, as the United States faced the prospect of becoming the next global epicenter of the coronavirus pandemic.
Business News
India’s Tata Motors to spin off car division as separate unit
Tata Motors Ltd said on Friday it would spin off its passenger vehicles arm as a separate unit within the company, at a time when the coronavirus has disrupted auto production.
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Coronavirus Is Expediting iPhone Makers' Plans to Move Beyond China
(Bloomberg) — Wistron Corp., one of Apple’s manufacturing partners, said this week half its capacity could reside outside China within a year. The declaration underscored how the Asian assemblers that keep the world supplied with iPhones and other gadgets are shifting to a higher gear after the coronavirus showed the folly of staking everything on one country.The move in production out of China has been underway since the trade war between Washington and Beijing reached its zenith last year. Now, Covid-19 is expediting that. Decisions by companies like Wistron and other Apple Inc. partners including Hon Hai Precision Industry Co., …read more […]
Business News
Amazon, Flipkart operations in India being disrupted amid lockdown: sources
India’s government had assured e-commerce companies that their operations would not be disrupted amid a nationwide lockdown to fight the coronavirus, but most are facing crippling disruptions after just three days, sources familiar with the matter said on Friday.
Business News
How multi-strategy funds are faring as coronavirus slashes returns
Just one of the world’s biggest multi-strategy funds available to retail investors is in the black for the year after coronavirus panic saw markets fall across the board, data from Morningstar showed.
Business News
Coronavirus delays Royal Mail ‘Journey 2024’ turnaround plan
Britain’s Royal Mail on Friday became the latest company to say the coronavirus had delayed plans for a radical turnaround and also canceled its dividend and suspended financial forecasts for the next year.