Small gold coins and bars, most popular among retail investors, are in big shortage due to high demand and supply disruptions amid coronavirus.The post Gold coins and bars in short supply, premiums exploding appeared first on The Block. …read more […]
EU consumers should be able to sue carmakers in their national courts if they have bought cars with emission cheat devices installed, an adviser to the Court of Justice of the European Union said on Thursday.
U.S. stock index futures climbed on Thursday, a day after Wall Street recorded its steepest fall in two weeks on intensifying coronavirus fears, with investors on edge ahead of another expected jump in weekly jobless claims.
Sweden’s H&M said on Thursday it was in talks with tens of thousands of its staff about shortening working hours with the firm among many retailers hit by the coronavirus pandemic and fewer customers in many markets.
The bosses of Volkswagen , BMW and Daimler 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.
The use of Zoom and other digital communications have soared with political parties, corporate offices, school districts, organizations and millions across the world working from home after lockdowns were enforced to slow the spread of the coronavirus. “To put this growth in context, as of the end of December last year, the maximum number of daily meeting participants, both free and paid, conducted on Zoom was approximately 10 million,” founder and Chief Executive Officer Eric Yuan wrote in a letter to Zoom users on Wednesday. Yuan said that Zoom usage has taken off over the last few weeks, …read more […]
Top news and what to watch in the markets on Thursday, April 2, 2020. …read more […]
If you’ve been paying attention to financial news, you’re likely aware of the recent trading halt. All trading on the New York Stock Exchange (NYSE) halted for 15 minutes.
This gave investors a chance to cool off and get their bearings. And it was one of several recent stock market trading halts. So, a trading halt may be a new concept for beginning investors.
Trading halts don’t happen often. And when they do, it’s usually not for a good reason. Here’s everything you need to know about a trading halt and what causes one to occur.
What Triggers a …read more […]
Enable Midstream Partners (ENBL) has announced significant measures to strengthen its financial position as it seeks to deal with challenging industry conditions. This includes halving dividends by 50% from $0.3305 to $0.16525/share – a move which the company says will save $290 million of cash on an annualized basis.“Due to the sharp decline in commodity prices and producer activity across our footprint and the future business uncertainty created by the coronavirus pandemic, we are taking decisive action to fortify our financial position, protect our balance sheet and ensure liquidity to navigate these unprecedented market conditions,” explained Rod Sailor, president and …read more […]
Asian refiners have called on Saudi Arabia to slash the official selling prices (OSP) of its crude for a third straight month in May, after Middle East benchmarks and refining margins dropped amid ample supplies and lower demand due to the coronavirus. Last month, the world’s top exporter Saudi Arabia surprised everyone by slashing prices for April, after OPEC’s supply-cut pact with Russia fell apart, sparking a battle for market share and sending oil prices to 18-year lows. Markets globally are now flooded with cheap oil with storage spaces filling up fast, while refiners cut output or shut …read more […]
Talks between Bayer AG and plaintiff lawyers to settle claims that the German company’s glyphosate-based weedkillers cause cancer have been slowed by the coronavirus pandemic, Bayer’s Chief Executive told daily Handelsblatt.
SoftBank Group Corp said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, drawing threats of legal action and plunging the floundering office space company further into crisis.
A filing has revealed that beleaguered airline American Airlines (AAL) has now accessed a total of $2.73 billion from three revolving credit facilities in order to cope with the coronavirus fallout. The company has now borrowed the full $450 million from an April 2016 facility, plus $750 million from a 2013 revolver and ~$1.53B from a 2014 revolving facility.At the same time, Stifel Nicolaus analyst Joseph DeNardi downgraded his rating on AAL stock from Hold to Sell. He has a $13 price target on the stock (22% upside potential). Shares have plunged 63% year-to-date, with a 31% drop in just …read more […]
Walt Disney Co’s Disney+ content will be available for the first time in the Middle East and North Africa on regional pay television and online streaming service provider OSN from April 9.
The dollar gave up some of its recent gains on Thursday after a 10% jump in oil prices boosted commodity-linked currencies, though uncertainties over the coronavirus pandemic kept the safe-haven greenback strong against other major currencies.
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