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April 3, 2020

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Reuters - Business

Sportswear maker Puma proposes suspending dividend due to virus

Reuters
by Reuters00
FILE PHOTO: The logo of German sports goods firm Puma is seen at the entrance of one of its stores in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger BERLIN (Reuters) – German sportswear maker Puma (PUMG.DE) proposed on Friday to suspend its 2019 dividend given the impact of the coronavirus......
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Reuters - Business

Asian markets look to follow Wall Street rally as oil surges

Reuters
by Reuters00
NEW YORK (Reuters) – Asian markets on Friday looked to latch onto Wall Street’s overnight gains after crude prices notched their biggest one-day surge on record, helping offset concerns about the depth of a global recession. FILE PHOTO: A pedestrian wearing a face mask walks near an overpass with an......
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Reuters - Business

German carmakers had crisis call with Merkel: Handelsblatt

Reuters
by Reuters03
HAMBURG (Reuters) – The bosses of Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Daimler (DAIGn.DE) held a crisis call with German Chancellor Angela Merkel on Wednesday to discuss how to get production restarted, Germany’s Handelsblatt newspaper reported on Thursday. FILE PHOTO: German Chancellor Angela Merkel gives a media statement on the spread......
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Reuters - Business

Dollar maintains gains after weeks of rallying

Reuters
by Reuters01
FILE PHOTO: One hundred dollar notes are seen in this photo illustration at a bank in Seoul, South Korea, January 9, 2013. REUTERS/Lee Jae-Won/Illustration/File Photo LONDON (Reuters) – The U.S. dollar firmed on Thursday but paused its strong rally of recent weeks after the Federal Reserve made it easier for......
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Reuters - Business

Bayer says glyphosate settlement talks delayed by coronavirus-Handelsblatt

Reuters
by Reuters01
FILE PHOTO: Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay FRANKFURT (Reuters) – Talks between Bayer AG (BAYGn.DE) and plaintiff lawyers to settle claims that the German company’s glyphosate-based weedkillers cause cancer have been......
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Reuters - Business

Asian stocks slip as global recession looms

Reuters
by Reuters04
SYDNEY/NEW YORK (Reuters) – Asian equity markets and crude oil looked set for further losses on Thursday, after a dire warning about the U.S. coronavirus death toll and mounting evidence the fast-spreading disease has sent the world economy hurtling into a deep recession. FILE PHOTO: Passersby wearing protective face masks......
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Reuters - Business

Equities drop as evidence mounts of deep global recession

Reuters
by Reuters05
NEW YORK (Reuters) – World equity markets began the new quarter with steep losses on Wednesday as evidence mounted that the coronavirus pandemic was sending the global economy into a deep recession. Traders headed for the safety of government bonds, the dollar [USD/] and gold [GOL/] following sharp slowdowns in......
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Reuters - Business

U.S. dollar gains as steep global economic slump looms

Reuters
by Reuters03
NEW YORK (Reuters) – The dollar advanced on Wednesday, with markets staring at what looked likely to be one of the worst economic contractions in decades as the world confronts the coronavirus pandemic. FILE PHOTO: One hundred dollar notes are seen in this photo illustration at a bank in Seoul,......
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Reuters - Business

Factory activity plunges as coronavirus shock deepens

Reuters
by Reuters03
LONDON/TOKYO (Reuters) – Factories fell quiet across most of Europe and Asia in March as the coronavirus pandemic paralyzed economic activity, with evidence mounting that the world is sliding into deep recession. FILE PHOTO: A worker welds at a market under construction in Kunming, Yunnan province, August 12, 2015. REUTERS/Wong......
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Reuters - Business

U.S. dollar gains as steep global economic slump looms

Reuters
by Reuters04
NEW YORK (Reuters) – The dollar advanced on Wednesday, with markets staring at what looked likely to be one of the worst economic contractions in decades as the world confronts the coronavirus pandemic. FILE PHOTO: One hundred dollar notes are seen in this photo illustration at a bank in Seoul,......
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Reuters - Business

Markets fall as virus woes strike again

Reuters
by Reuters03
LONDON (Reuters) – World markets fell on Wednesday as the coronavirus threat ensured an ugly start to the second quarter for equities and commodities. Traders headed for the safety of government bonds, the dollar and gold as evidence continued to mount that the virus was sending the global economy into......
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CNBC Business

Charts show the coronavirus spike in US, Italy and Spain

CNBC
by CNBC04
CNBC – For more and to sign up click here A temporary hospital which is been settled up by members of the California National Guard is seen in Indio, California on March 29, 2020. Apu Gomes | AFP | Getty Images The ongoing coronavirus pandemic has shown few signs of......
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Reuters - Business

Asian shares hold on to gains but virus keeps markets on edge

Reuters
by Reuters05
TOKYO/NEW YORK (Reuters) – Asian stocks clung to gains on Wednesday, helped by a bounce in Australian shares, but risks for equities remain large as the coronavirus pandemic rattles the underpinnings of the global economy. E-Mini futures for the S&P 500 traded 1.39% lower in Asian trade, highlighting the cautious......
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Reuters - Business

Stocks under pressure after biggest quarterly drop since 2008

Reuters
by Reuters08
NEW YORK (Reuters) – Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002. FILE PHOTO: A......
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New York Post

German zoos ask Merkel for funds to feed animals during crisis

NYPost
by NYPost01
New York Post – For more and to sign up click here BERLIN – Zoos in Germany have written to Chancellor Angela Merkel pleading for 100 million euros to help them look after their animals during the coronavirus crisis. “Unlike other organizations, we cannot just run down our operations, our......
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Reuters - Business

Exclusive: American Airlines to retire more jets, including vintage 737s, in coronavirus downturn

Reuters
by Reuters05
CHICAGO (Reuters) – American Airlines Group Inc (AAL.O) is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a fleet transformation to respond to the coronavirus crisis, people familiar with the matter said. FILE PHOTO: Passengers wear protective face......
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Reuters - Business

Three months that shook global markets

Reuters
by Reuters010
LONDON (Reuters) – How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the Great Depression. FILE PHOTO: An empty street is seen near Wall street during the outbreak of the......
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Reuters - Business

Stocks edge higher, but on pace for worst quarter since 2008

Reuters
by Reuters06
NEW YORK (Reuters) – Global stock markets edged higher on Tuesday as investors assessed the economic damage from the coronavirus pandemic, while the MSCI benchmark of world equities was on pace to finish its worst quarter since the financial crisis of 2008. Stocks have rallied since the start of last......
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Reuters - Business

Dollar surges on quarter-end flows; outlook robust

Reuters
by Reuters07
LONDON (Reuters) – The dollar climbed against a swathe of currencies on Tuesday amid fiscal year-end demand by Japanese firms while the Australian dollar slipped despite a Chinese survey showing manufacturing returned to growth in March. FILE PHOTO: U.S. Dollar and Japan Yen notes are seen in this picture illustration......
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