The largest U.S. airlines are allowing passengers to rebook tickets through April 30 without paying fees to change flights citing uncertainty about traveling during the coronavirus outbreak.
The drivers, three individuals and a couple, are among some 350 people who opted out of a $10 billion U.S. class action settlement with the German automaker which agreed to buy back hundreds of thousands of its cars after it admitted to using illegal software to cheat U.S. pollution tests in September 2015. The five were part of an initial trial of 10 plaintiffs, aimed at setting a pattern to resolve the remaining claims. The jury had earlier this month awarded the five a total of $5,747 in compensatory damages. …read more […]
Oil prices bounced back 7% on Tuesday from the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus despite a price war between top producers Saudi Arabia and Russia.
(Bloomberg) — At least three buyers of Saudi Arabian oil requested between 30% and 50% more supplies than they had originally planned in April after the world’s biggest exporter slashed its prices, according to people familiar with the matter.The so-called nominations show how the price war that’s broken out between the world’s biggest crude producers is having an immediate impact on global oil flows. Taking additional Saudi crude would mean the buyers make significantly fewer purchases in the spot market, potentially devastating markets in which companies traditionally sell their crude via tenders and spot transactions, including West Africa and some …read more […]
Asian shares bounced and bond yields rose from historic lows on Tuesday as speculation of coordinated stimulus from global central banks and governments calmed panic selling.
Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a $4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market and which sent the target’s shares to a 21-month high.
Indonesia Finance Minister Sri Mulyani Indrawati said on Tuesday that authorities are prepared to use all measures they implemented during the 2008 global financial crisis to stabilize financial markets.
Tech firms at Malaysia’s one-time Silicon Valley of the East, swimming in orders from customers fleeing trade war-hit China, have seen fortunes turn again in the space of just a year as the coronavirus outbreak cuts them off from Chinese suppliers.
Oil prices bounced around 6% on Tuesday, but analysts saw little chance of a major recovery from the biggest daily rout in nearly 30 years after top producers Saudi Arabia and Russia launched a price war.
The Committee on Foreign Investment in the United States (CFIUS) informed Cypress that it had determined “there are no unresolved national security concerns” with the merger, the San Jose, California-based company said in a statement. Shares of both companies took a hit last week after a report said, citing sources, that the U.S. Treasury-led CFIUS had advised President Donald Trump to block the deal due to national security risks. Cypress shares were up about 45% at $22.20 after market close on Monday. …read more […]
Shares of Boeing Co dropped more than 12% on Monday amid a broader market plunge as pressure mounted on global aviation from the spread of the coronavirus and U.S. regulators said they disagreed with Boeing’s argument about the safety of wiring bundles on the grounded 737 MAX jet.
Asian shares bounced and bond yields rose from historic lows on Tuesday as speculation of coordinated stimulus from global central banks and governments calmed panic selling.
William Ackman’s publicly traded hedge fund gained nearly 3% this year, though the billionaire investor warned of volatility ahead as world markets reel under the economic hit from the coronavirus epidemic.
Oil prices jumped more than 6% on Tuesday, clawing back some ground on hopes that a price war by top producers Saudi Arabia and Russia that sparked the biggest daily rout since the 1991 Gulf War will not be sustained.
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