LONDON (Reuters) – Oil prices fell on Thursday following surprise travel restrictions imposed by U.S. President Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic. The slump…
Read MoreCineworld could breach debt terms in worst case virus scenario
LONDON (Reuters) – British cinema operator Cineworld (CINE.L) said on Thursday it could breach the terms of its existing debt arrangements under a worst case scenario for the impact of the coronavirus over the next few months, sending its shares…
Read MoreCineworld could breach debt terms in worst case virus scenario
LONDON (Reuters) – British cinema operator Cineworld (CINE.L) said on Thursday it could breach the terms of its existing debt arrangements under a worst case scenario for the impact of the coronavirus over the next few months, sending its shares…
Read MoreNestle mandates JPMorgan to handle Yinlu sale: Bloomberg
ZURICH (Reuters) – Food giant Nestle (NESN.S) has mandated JPMorgan Chase & Co. to handle the sale of its struggling Chinese peanut milk business Yinlu that could be valued at about $1 billion, Bloomberg reported on Tuesday, citing sources familiar…
Read MoreFinancial markets wilt, stocks plunge as Trump stuns with Europe travel ban
TOKYO (Reuters) – Financial markets reeled on Thursday as stocks dived and oil slumped after U.S. President Donald Trump took the dramatic step of banning travel from Europe to stem the spread of coronavirus, threatening more disruptions to trade and…
Read MoreU.S. will loan $50 billion to small businesses, defer taxes to fight coronavirus, Trump says
WASHINGTON (Reuters) – The United States will give individuals, and small and mid-sized businesses a three-month tax holiday to try to fight the economic impact of the novel coronavirus, President Donald Trump said Wednesday night. It will also give affected…
Read MoreOil slumps as U.S. bans travel from Europe over pandemic
TOKYO (Reuters) – Oil prices sank again on Thursday along with the broader market after the United States banned travel from Europe following a World Health Organization declaration that the coronavirus outbreak is now a pandemic. Market worries were compounded…
Read MoreBear market fears grip global shares as pandemic declared, eyes on Trump
TOKYO (Reuters) – Global shares were set for a rocky ride on Thursday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones industrials entered bear market territory and world health officials declared the virus…
Read MoreAmtrak says bookings plunge, is set to lose several hundred million dollars on coronavirus fears
WASHINGTON (Reuters) – U.S. passenger railroad Amtrak said on Wednesday that bookings had plunged 50% since the coronavirus outbreak and that it now expected significant service reductions and losses of hundreds of millions of dollars. Amtrak Senior Vice President Stephen…
Read MoreSaudi, UAE gear up for long-term oil market fight with capacity plans
DUBAI/LONDON (Reuters) – Top oil exporter Saudi Arabia said on Wednesday it would launch a program to boost production capacity for the first time in more than a decade, signaling to Russia and other rivals it was ready for a…
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