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Stocks head for higher ground, Italian bond stress eases

Reuters Business News - Thu, 04/16/2020 - 07:56
Europe led world stock markets back to higher ground on Thursday as tentative moves to reopen parts of the some of its larger coronavirus-hit economies and a bounce in oil offset some truly dismal global economic data.
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EasyJet says it can ride out nine-month shutdown and slow recovery

Reuters Business News - Thu, 04/16/2020 - 07:44
EasyJet can survive a nine-month shutdown thanks to its measures to contend with the coronavirus crisis and is planning for a slow recovery, the British airline said on Thursday.
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Futures jump as weekly jobless claims fall

Reuters Business News - Thu, 04/16/2020 - 07:43
U.S. stocks index futures jumped on Thursday after weekly U.S. jobless claims fell to 5.2 million last week from an upwardly revised 6.62 million the week before.
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U.S. weekly jobless claims top 5.2 million in latest week

Reuters Business News - Thu, 04/16/2020 - 07:37
Another 5.2 million more Americans sought unemployment benefits last week, lifting total filings for claims over the past month above an astounding 20 million, which would underscore the deepening economic slump caused by the novel coronavirus outbreak.
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Airbus says has received many requests to defer deliveries

Reuters Business News - Thu, 04/16/2020 - 07:22
Airbus said on Thursday it had received multiple requests from customers to defer deliveries after travel demand collapsed due to the coronavirus epidemic.
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Lockdown easing hopes lift futures ahead of jobless claims

Reuters Business News - Thu, 04/16/2020 - 07:17
U.S. stock index futures edged higher on Thursday, as hopes President Donald Trump would ease strict stay-at-home restrictions lifted the mood even as investors braced for another staggering jobless claims figure.
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Abbott beats quarterly profit, but pulls forecast on coronavirus concerns

Reuters Business News - Thu, 04/16/2020 - 07:14
Abbott Laboratories beat quarterly profit estimates on Thursday as stay-at-home orders prompted customers to stockpile its nutrition products but the company suspended its full-year forecast due to the coronavirus-fueled uncertainty.
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U.S. opposes general allocation of Special Drawing Rights to IMF members

Reuters Business News - Thu, 04/16/2020 - 07:11
The United States opposes creation of liquidity through issuance of the International Monetary Fund's Special Drawing Rights (SDRs) as part of the response to the coronavirus pandemic, U.S. Treasury Secretary Steven Mnuchin said on Thursday.
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Apple's budget iPhone unlikely to make splash in China: Weibo poll

Reuters Business News - Thu, 04/16/2020 - 07:09
Apple Inc's new iPhone SE for the budget-conscious is unlikely to be a major driver of sales in China, a Weibo survey suggested, with analysts noting its lacks of 5G capability.
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Santander launches money transfer app in UK to fend off competition from fintechs

Reuters Business News - Thu, 04/16/2020 - 07:07
Santander on Thursday launched a money service app in the United Kingdom that will initially be free of fees for transfers of up to 3,000 pounds ($3,740) due to the coronavirus pandemic as lenders try to fend off competition from start-ups in the payments industry.
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Barrick expects 8.5% drop in first-quarter gold output

Reuters Business News - Thu, 04/16/2020 - 06:57
Barrick Gold expects a 8.5% drop in first-quarter gold production, it said on Thursday, as the COVID-19 pandemic forced miners to scale back operations and shutdown mines.
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Founder of easyJet calls for CEO and chairman to go

Reuters Business News - Thu, 04/16/2020 - 06:56
The founder and biggest shareholder of easyJet said he would call for the removal of the low cost airline's chief executive and chairman in an escalation of his long-simmering row with management.
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Morgan Stanley profit plunges as dealmaking hit by pandemic

Reuters Business News - Thu, 04/16/2020 - 06:54
Morgan Stanley posted a 32% fall in quarterly profit on Thursday as its advisory and wealth management businesses took a hit from the economic fallout of the COVID-19 pandemic.
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Volkswagen withdraws outlook after first-quarter operating profit drops 81%

Reuters Business News - Thu, 04/16/2020 - 06:42
Volkswagen Group on Thursday withdrew its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused operating profit to drop 81% in the first quarter.
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Portugal's TAP asks for state-backed loan to survive coronavirus

Reuters Business News - Thu, 04/16/2020 - 06:38
Portugal's flag carrier TAP has asked for a state-backed loan to aid the survival of the company, which is at its most fragile since it was founded, board Chairman Miguel Frasquilho said in a parliamentary hearing on Thursday.
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Vietjet agrees loan repayment delays with lenders

Reuters Business News - Thu, 04/16/2020 - 06:36
Vietjet Aviation has reached agreements with its lenders to delay repayments on loans it used to buy aircraft, the Vietnamese budget airline said on Thursday.
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Options markets send cautiously bullish signal on U.S. stock rally

Reuters Business News - Thu, 04/16/2020 - 06:35
As Wall Street stocks pause for breath following a blistering three-week surge, signals from the options market are suggesting that some investors believe the gains may endure.
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Barrick expects drop in first-quarter gold production

Reuters Business News - Thu, 04/16/2020 - 06:30
Barrick Gold Corp said on Thursday it expects first-quarter gold production of 1.25 million ounces, lower than its output in the year-ago period.
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IMF's Georgieva wants to triple concessional financing for poor countries

Reuters Business News - Thu, 04/16/2020 - 06:28
The International Monetary Fund is looking to triple its concessional financing for the poorest countries to over $18 billion to help them respond to the novel coronavirus pandemic, Managing Director Kristalina Georgieva said on Wednesday.
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G20 countries agree debt freeze for world's poorest countries

Reuters Business News - Thu, 04/16/2020 - 06:28
Finance officials from the Group of 20 major economies agreed on Wednesday to suspend debt service payments for the world's poorest countries through the end of the year, a move quickly matched by a group of hundreds of private creditors.
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