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Updated: 3 years 47 weeks ago
Oil falls on concern over storage and earnings
Oil prices fell on Monday, with a U.S. crude futures contract hitting its lowest level since 1999, depressed by concern that U.S. crude storage will soon be full while companies prepare to report the worst quarterly earnings since the financial crisis.
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Shares turn cautious as U.S. crude gets crushed
Caution recaptured world markets on Monday as another drubbing for U.S. crude oil futures kicked off a week of data and earnings that will drive home the damage being inflicted by global coronavirus lockdowns.
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Oil falls as stocks fill, earnings set to shrink
Oil prices fell on Monday, depressed by concerns U.S. storage facilities will soon be full as the novel coronavirus pandemic destroys demand and as companies prepare to report their worst quarterly earnings since the 2008 financial crisis.
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China's top brokerage hires Vanguard ex-Asia boss for global drive
China's Citic Securities Co. , has hired Charles Lin, the former Asia head of Vanguard Group, to be vice chairman of Hong Kong unit CLSA, as the biggest Chinese securities company seeks to build up an international presence.
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Germany to grant rescue liquidity for carrier Condor: sources
Germany has agreed in principle to support struggling carrier Condor with emergency liquidity after the owner of Poland's national airline LOT pulled out of a deal to buy the airline, two people close to the matter said on Monday.
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Virgin Australia poised to enter voluntary administration: reports
Virgin Australia Holdings is poised to enter voluntary administration, local media reported on Monday, with the cash-strapped airline unable to weather the coronavirus crisis because of its A$5 billion ($3.2 billion) of debt.
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Danske Bank board proposes no dividends be paid for 2019
Danske Bank's board of director will propose that no dividends be paid for 2019, it said in a statement on Monday.
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Primark commits to paying for 370 million pounds of orders during coronavirus crisis
Fashion retailer Primark has committed to pay suppliers for 370 million pounds ($461 million) of orders, though all its stores are closed due to the coronavirus pandemic.
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Virgin Australia to enter voluntary administration: SMH newspaper
Virgin Australia Holdings is preparing to enter voluntary administration, the Sydney Morning Herald reported on Monday, citing unnamed sources, with the cash-strapped carrier unable to weather the coronavirus crisis because of its debt.
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New Aston Martin boss says focus on SUV launch, restarting factories
Aston Martin's immediate priorities will be restarting manufacturing and launching production of its crucial first sport utility vehicle, the luxury carmaker's new boss, Formula 1 team owner Lawrence Stroll, said on Monday.
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U.S. oil off lows after falling over 20% to levels unseen since 1999
Crude oil futures fell on Monday, with U.S. futures dropping more than 10% to levels unseen since 1999 amid concerns that U.S. storage facilities will soon be brimful with demand evaporating due to the coronavirus pandemic.
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Asia shares turn cautious before earnings, U.S. crude crushed
Caution gripped Asian share markets on Monday amid expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdowns, while a glut of supply sent U.S. crude spiraling to 20-year lows.
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Ray-Ban maker EssilorLuxottica to scrap dividend, eyes cost cuts
Oakley and Ray-Ban maker EssilorLuxottica said on Monday it would scrap its dividend and might also consider cost cuts as the coronavirus pandemic chokes its business.
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Asia shares turn cautious, U.S. crude crushed
Caution gripped Asian share markets on Monday amid expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while a glut of supply sent U.S. crude spiraling to 20-year lows.
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Spectacles group EssilorLuxottica to scrap dividend, cut costs
EssilorLuxottica , the spectacles company whose brands include Oakley and Ray-Ban, said on Monday that it would scrap its dividend and would look to cut costs, in order to cope with the hit to its business from the coronavirus.
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Wynn Resorts CEO calls for Las Vegas Strip to conditionally reopen in mid- to late May
Wynn Resorts Chief Executive Officer Matt Maddox on Sunday called on the Nevada governor to begin to reopen the Las Vegas Strip in mid- to late May with extensive safety measures in place, assuming the state is in line with certain benchmarks around the spread of the coronavirus.
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Asia shares turn quietly cautious, U.S. crude crushed
Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while a glut of supply sent U.S. crude spiraling to 20-year lows.
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U.S. oil falls more than 10% to lows not seen since 1999
Crude oil futures fell on Monday, with U.S. futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that U.S. storage facilities will soon fill to the brim amid the coronavirus pandemic.
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China's CDB Financial scraps purchase of 29 Boeing 737 MAX jets
China Development Bank (CDB) Financial Leasing Co said on Monday it had agreed with Boeing Co to cancel the purchase of 29 undelivered 737 MAX jets, adding to a string of recent cancellations of the grounded airplane.
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With economy in crisis, U.S. lets importers delay some tariff payments
The Trump administration on Sunday said it would allow importers hit by the national health crisis to defer for three months any tariff payments they owe the government.
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