Coronavirus crisis rocks airlines and planemakers

DUBLIN/OSLO (Reuters) – The grounding of virtually all flights by Europe’s largest budget airline and European air traffic data on Tuesday highlighted the enormity of the shock to aviation industries from the coronavirus now emptying skies around the globe. Ryanair…

Read More

U.S. credit spreads narrow after unprecedented Fed stimulus

NEW YORK (Reuters) – U.S. corporate credit spreads narrowed on Monday, indicating positive investor sentiment, following the Federal Reserve’s announcement that it would backstop an unprecedented range of credit. The bid spread on the Markit Investment Grade CDX index dropped…

Read More