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Updated: 4 years 29 weeks ago
BOC Aviation scoops up deals with airlines in sector's biggest crisis
Armed with strong funding, Asian lessor BOC Aviation has struck an estimated $5.5 billion of deals with carriers including Southwest and United Airlines to buy and lease back aircraft as the sector faces its deepest ever crisis.
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Hyatt to lay off 1,300 employees as pandemic cripples travel
Hyatt Hotels Corp said late Monday it would lay off 1,300 people globally as it tries to cope with the coronavirus crisis, which has virtually halted global travel by keeping people indoors.
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Pfizer to outsource some drug production, focus on coronavirus vaccine
(This May 8 story corrects to delete word "intravenously" in para 8 in reference to Pfizer's 1.5 billion doses of injected vaccines)
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Saudi Aramco profit falls 25% but dividend in line with planned payout for year
Saudi Aramco, the world's top oil exporting company, on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion payout for the year.
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Boeing sees zero orders again in April, MAX cancellations mount
Boeing Co recorded zero orders for the second time this year in April and customers canceled another 108 orders for its grounded 737 MAX plane compounding its worst start to a year since 1962.
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Wall Street dips on risks linked to reopening of economy
The S&P 500 slipped in choppy trading on Tuesday as the risks of reopening the economy too soon overshadowed hopes of a jump-start to a battered global economy, following an easing of virus-led business shutdowns.
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Logitech sales surge as locked-down families, workers stay connected
Logitech International reported a big jump in sales of computer products during its fourth quarter on Tuesday as more people worked from home and families turned to technology to keep in touch during the coronavirus crisis.
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Tesla's Musk says ready for arrest as he reopens California plant against local order
Tesla Inc Chief Executive Elon Musk on Monday said production was resuming at the automaker's sole U.S. vehicle factory, in California, defying an order to stay closed and saying if anyone had to be arrested it should be him.
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Ryanair expects Europe travel surge despite masks, quarantine
Temperature checks, masks and quarantine will not deter people from a holiday in the sun after three months "locked up" at home, Ryanair's chief executive Michael O'Leary said on Tuesday as he announced plans for 1,000 flights a day from July.
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Trump again urges Fed to adopt negative U.S. interest rates
President Donald Trump on Tuesday again pushed the Federal Reserve to adopt negative interest rates, even as several members of the U.S. central bank have said they do not see a need for rates - now near zero - to move into negative territory.
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Equities inch higher, bonds dip, on hopes for recovery
World equity markets inched higher and safe-haven bonds fell on Tuesday as stronger economic data from China and upbeat corporate earnings in Europe overshadowed concerns about a potential second wave of coronavirus infections.
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German watchdog investigates payments company Wirecard
Germany's financial watchdog BaFin said on Tuesday it was conducting multiple investigations into Wirecard , sending its shares lower and adding to pressure over allegations it has denied.
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Wall Street opens higher on hopes of economic recovery
U.S. stocks opened higher on Tuesday on hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy, with investors also weighing the risks of reopening too soon.
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Thyssenkrupp in informal talks about warship unit consolidation
Thyssenkrupp is in informal talks about consolidation in the shipbuilding sector, its finance chief said on Tuesday, responding to speculation that the group might sell parts of its Marine Systems (TKMS) unit or merge it with rivals German Naval Yards and Luerssen.
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Embraer blames failed Boeing deal for sharp drop in commercial jet deliveries
Planemaker Embraer said Tuesday that its commercial jet deliveries slumped by more than half during the first three months of 2020 compared to a year ago, blaming the drop on preparations for its failed deal with Boeing Co .
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U.S. consumer prices post biggest decrease since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis.
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Stocks rally grinds on as virus and trade nerves linger
Europe's share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China's economy kept worries about a potential second wave of coronavirus infections at bay.
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Morgan Stanley settles SEC charges it misled clients, to pay $5 mln penalty
A unit of Morgan Stanley will pay a $5 million penalty to settle U.S. Securities and Exchange Commission charges it provided misleading information to clients in its retail wrap fee programs regarding trade execution services and transaction costs, the regulator said on Tuesday.
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Futures edge higher on hopes of economic recovery
U.S. stock index futures ticked higher on Tuesday on hopes that the easing of virus-led business shutdowns would help jump-start a battered global economy, with investors also weighing the risks of reopening too soon.
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EasyJet founder offers $6 million reward for help in cancelling Airbus order
EasyJet founder Stelios Haji-Ioannou is offering 5 million pounds ($6.2 million) for any information that leads to the cancellation of its order for 107 Airbus jets as he steps up his campaign to oust the budget airline's management.
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