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April 8, 2020
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Reuters - Business

EasyJet founder seeks to oust directors over Airbus plane order

Reuters
LONDON (Reuters) – EasyJet’s (EZJ.L) founder Stelios Haji-Ioannou demanded on Wednesday a shareholder vote to remove two directors, as part of his battle to try to force the British airline to cancel an order for 107 Airbus (AIR.PA) planes. FILE PHOTO: Easyjet founder Stelios Haji-Ioannou speaks at a media event......
Reuters - Business

Global stocks turn negative as virus death toll mounts

Reuters
LONDON (Reuters) – World stocks turned negative on Wednesday as the coronavirus death toll mounted and euro zone finance minister failed to agree a rescue package to help economies recover from the impact of the outbreak. FILE PHOTO: The German share price index DAX graph is pictured at the stock......
Reuters - Business

EasyJet founder continues battle over $5.5 billion Airbus order

Reuters
FILE PHOTO: Easyjet founder Stelios Haji-Ioannou speaks at a media event to celebrate 20 years in business at Luton Airport, southern England, November 10, 2015. REUTERS/Eddie Keogh LONDON (Reuters) – EasyJet (EZJ.L) founder Stelios Haji-Ioannou continued his battle to force the British airline to cancel an order for 107 Airbus......
Reuters - Business

Oil holds near $32 ahead of OPEC-led talks on output cuts

Reuters
LONDON (Reuters) – Oil steadied near $32 a barrel on Wednesday, supported by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have collapsed due to the coronavirus pandemic. FILE PHOTO: A maze of crude oil pipes and......
Reuters - Business

Britain’s Tesco warns coronavirus costs could top $1 billion

Reuters
LONDON (Reuters) – Britain’s biggest retailer Tesco (TSCO.L) estimated a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it couldn’t give profit guidance for the current financial year. FILE PHOTO: A woman walks past a Tesco extra superstore......
Reuters - Business

BAE Systems to raise $1.3 billion in debt to fund pension deficit

Reuters
FILE PHOTO: Trade visitors walk past an advertisement for BAE Systems at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville/File Photo (Reuters) – Britain’s BAE Systems (BAES.L) is looking to raise $1.3 billion in debt to fund its pension deficit and repay related loans, the company said......
Reuters - Business

BAE Systems plans to raise $1.3 billion in bonds due 2030

Reuters
FILE PHOTO: Trade visitors walk past an advertisement for BAE Systems at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville/File Photo (Reuters) – Britain’s BAE Systems (BAES.L) is seeking to raise $1.3 billion in bonds to fund its employee benefit plans and repay debt, the company said......
Reuters - Business

Oil rises as markets eye OPEC, Russia meeting on output cuts

Reuters
SEOUL (Reuters) – Oil rebounded on Wednesday after a two-day fall, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic. FILE PHOTO: A maze of crude oil pipes and valves......
Reuters - Business

Britain’s Tesco says not prudent to give guidance for 2020-21 due to coronavirus crisis

Reuters
FILE PHOTO: A woman walks past a Tesco extra superstore near Manchester, Britain January 8, 2020. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Britain’s biggest retailer Tesco (TSCO.L) said on Wednesday it would not be prudent to give financial guidance for the 2020-21 year due to uncertainty caused by the coronavirus......
CNBC Business

The latest investment strategy menaced by flailing markets

CNBC
CNBC – For more and to sign up click here A pronounced economic slump sparked by the coronavirus outbreak has imperiled a popular investment strategy: buying dividend stocks. These stocks have traditionally been highly coveted during periods of market turbulence because they provide shareholders a dividend or a guaranteed return,......
Reuters - Business

Oil prices jump on hopes for OPEC, Russia meeting on output cuts

Reuters
SEOUL (Reuters) – Oil bounced back on Wednesday, with U.S. crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic. FILE PHOTO: A maze of crude oil......
Reuters - Business

U.S. pushes back on call by OPEC+ to join big oil output cuts

Reuters
LONDON/MOSCOW (Reuters) – Saudi Arabia, Russia and allied oil producers will agree to deep cuts to their crude output at talks this week only if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis. FILE PHOTO:......
Reuters - Business

Oil drops on growing crude glut, doubts over output cuts

Reuters
NEW YORK (Reuters) – Oil slumped on Tuesday in the face of swelling crude supplies and weak fuel demand due to the coronavirus pandemic, while investors also grew cautious over expectations that the world’s biggest producers would quickly agree on output cuts. FILE PHOTO: An oil pump jack pumps oil......
Reuters - Business

Oil little changed as hopes for output cuts offset by crude glut

Reuters
NEW YORK (Reuters) – Oil was little changed on Tuesday as hopes that the world’s biggest producers would agree to cut output were tempered by a worsening crude oil glut and the threat of a deeper-than-expected global recession. FILE PHOTO: An oil pump jack pumps oil in a field near......
Reuters - Business

Hopes of progress against virus lift stocks, weigh on dollar

Reuters
NEW YORK (Reuters) – World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United States fueled investors’ appetite for risk. Oil prices climbed on hopes of a deal to decrease supply, while the euro......
Reuters - Business

Millions of aviation jobs at risk, airlines can’t afford refunds: IATA

Reuters
LONDON (Reuters) – Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry’s representative body said airline finances were so fragile they could not afford to refund customers. FILE PHOTO: Canceled flights are seen on an airport screen......
CNBC Business

Brexit trade deal gets tougher as coronavirus strikes officials on both sides

CNBC
CNBC – For more and to sign up click here The Brexit trade deal will face greater challenges ahead as British Prime Minister Boris Johnson is now in intensive care because of the coronavirus, while other key negotiators have either been infected or are in self-isolation. The U.K. finally left the European......
Reuters - Business

Oil higher as hopes build for production cut amid coronavirus threat to demand

Reuters
TOKYO (Reuters) – Oil rose on Tuesday amid hope that the world’s biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global recession may be deeper than expected and big production cuts will be needed. FILE PHOTO: An oil......
Reuters - Business

Cineworld closes all its cinemas due to coronavirus pandemic

Reuters
FILE PHOTO: A Cineworld cinema logo is pictured in Canary Wharf in London, Britain, March 11, 2020. REUTERS/Keith Weir/File Photo (Reuters) – British cinema operator Cineworld (CINE.L) said on Tuesday it has shut all its 787 cinemas across 10 countries due to the coronavirus pandemic and that it was in......
Reuters - Business

Oil rises 3% on hopes for output cut as coronavirus ravages demand

Reuters
TOKYO (Reuters) – Oil prices gained on Tuesday as hopes rose that the world’s biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global recession may be deeper than expected. FILE PHOTO: An oil pump jack pumps oil in......

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