Mar.23 — Peter Toogood, chief investment officer at Embark Group, discusses the outlook for gold, bonds and equities as central bank bazookas and government fiscal efforts upend traditional safe-have investments. He speaks on “Bloomberg Markets: European Open.” …read more […]
Mar.23 — Danae Kyriakopoulou, chief economist at OMFIF, discusses her outlook for the European economy as the fallout from the spread of the coronavirus takes its toll. She speaks on “Bloomberg Markets: European Open.” …read more […]
As the coronavirus pandemic spreads, the UK is among nations where concerns are rising about how to tackle the health crisis in community hospitals. Two social media videos that have been widely shared online feature remarks from a Covid-19 patient and a National Health Service (NHS) nurse who each urge people in Britain to act responsibly. …read more […]
Royal Dutch Shell will lower spending by $5 billion and suspended its vast $25 billion share buyback plan in an effort to weather the recent collapse in oil prices, it said on Monday.
With more employees working from home to help slow the spread of the coronavirus, demand is surging for laptops and network peripherals as well as components along the supply chain such as chips, as companies rush to build virtual offices.
Mar.23 — Germany may borrow as much as $370 billion in an unprecedented financing push to cushion the fallout from the coronavirus pandemic. Bloomberg’s Maria Tadeo and Annmarie Hordern report on “Bloomberg Markets: European Open.” (Corrects amount of financing in headline.) …read more […]
Mar.23 — Germany may borrow as much as $370 billion in an unprecedented financing push to cushion the fallout from the coronavirus pandemic. Bloomberg’s Maria Tadeo and Annmarie Hordern report on “Bloomberg Markets: European Open.” …read more […]
Netflix said on Monday it would reduce quality of its streams in Israel for the next month in response to a jump in data congestion traffic caused by people remaining home due to the coronavirus outbreak.
Many firms have withdrawn earnings forecasts, anticipating a drop in consumer demand and economic slump, but performance at electronics retailers and chipmakers is hinting at benefits from the shift in work culture. Over roughly the same period, South Korea – home of the world’s biggest memory chip maker, Samsung Electronics Co Ltd – on Monday reported a 20% jump in semiconductor exports. Worldwide, the flu-like virus has infected over 300,000 people and led to almost 15,000 deaths since China first reported the outbreak in December. …read more […]
(Bloomberg) — SoftBank Group Corp. unveiled a plan to raise as much as 4.5 trillion yen ($41 billion) over the coming year to buy back stock and slash debt, a dramatic attempt to reassure investors about the stability of its empire amid fallout from the global outbreak of Covid-19.Billionaire Masayoshi Son’s investment giant said it’s authorized the sale or monetization over the next four quarters of unspecified assets. It didn’t say which, but SoftBank has major holdings in corporations from China’s Alibaba Group Holding Ltd. to sharing-economy stalwarts such as Uber Technologies Inc. and WeWork. Part of the sale proceeds …read more […]
(Bloomberg) — The crisis engulfing the aviation industry deepened after some of the world’s biggest international carriers announced drastic measures to cope with the coronavirus outbreak, with giants Emirates and Singapore Airlines Ltd. among the latest to slash flights.Dubai-based Emirates, the world’s largest long-haul airline, will stop flying passengers for two weeks starting March 25 because of travel restrictions. Singapore Airlines said Monday it’s cutting 96% of its capacity through April, mirroring an announcement by Hong Kong’s Cathay Pacific Airways Ltd. on Friday.Airlines across the globe, estimated to be facing more than $100 billion in lost revenue this year, are …read more […]
Apple has dropped a two-device limit on online purchases of iPhones, a check of its web stores showed on Monday, just days after changing the checkout procedure amid a coronavirus pandemic.
Oil major Shell lowered capital expenditure for 2020 by about $5 billion on Monday and suspended the next tranche of its share buyback plan, as the company tries to weather a hit from the recent oil price crash.
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