Business & Finance News
The Trump administration would face resistance from the U.S. Congress if it tried to push through a mini trade deal with the European Union that did not include agriculture, U.S. Senate Finance Committee Chairman Chuck Grassley said on Wednesday.
United Airlines Holdings Inc and JetBlue Airways Corp are cutting flights and implementing cost controls in the most drastic actions by U.S. airlines to get ahead of depressed travel demand due to the spreading coronavirus.
Members of the U.S. Congress on Wednesday took another step to try to prod Britain to reverse its decision to allow China’s Huawei Technologies Co to build portions of the UK’s next generation 5G networks.
Asian shares were looking to rally for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook.
The global spread of the novel coronavirus has crushed hopes for stronger growth this year and will hold 2020 global output gains to their slowest pace since the 2008-2009 financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday.
As South Korea’s coronavirus cases leapt above 5,000 this week, mask-wearing workers at a logistics center run by e-commerce firm Coupang Corp raced to disinfect trucks and load thousands of boxes of microwavable rice, disposable diapers and kitchen towels.
United Airlines Holdings Inc is slashing its spring flying schedule and implementing some cost controls in the most drastic actions by a U.S. airline to get ahead of depressed travel demand due to the spreading coronavirus.
The U.S. Federal Reserve unveiled new rules on Wednesday that create a “stress capital buffer” to determine how much banks must hold in reserve to guard against downturns.
Wall Street roared back to life on Wednesday, with both the Dow and the S&P 500 surging more than 4%, after former Vice President Joe Biden’s strong showing in the Super Tuesday Democratic primary contests injected a dose of confidence.
Pot producer Canopy Growth Corp said on Wednesday it plans to close two of its greenhouses in Aldergrove and Delta, British Columbia, cutting about 500 positions.
The dollar and global equities rose on Wednesday as a strong showing by Joe Biden in the U.S. Democratic presidential primaries cheered the markets, though the economy-slowing coronavirus outbreak kept investors on tenterhooks.
United Airlines Holdings Inc is slashing its flying schedule and implementing a series of cost-cutting measures in some of the most drastic actions by a U.S. airline to date as the spreading coronavirus has depressed air travel demand.
Crude oil prices ended lower, giving up early gains as major oil producers, including Saudi Arabia, struggled to bring Russia on board for deeper supply cuts to try to offset a slump in demand caused by the coronavirus outbreak.
General Motors Co Chief Executive Mary Barra said Wednesday the Detroit automaker will invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk’s Tesla Inc as vehicles go electric.
United Airlines Holdings Inc is reducing U.S. and Canadian flights by 10% and international flying by 20% in the month of April and eyeing similar cuts in May in some of the most drastic measures announced to date by a U.S. airline in response to falling demand due to the coronavirus.
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