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Updated: 4 years 31 weeks ago

Barrick expects 8.5% drop in first-quarter gold output

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

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

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%

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

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

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

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

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

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

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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Morgan Stanley profit plunges 32% on COVID-19 impact

Thu, 04/16/2020 - 06:28
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 2020 outlook after renvenue drop 8% in first quarter

Thu, 04/16/2020 - 06:26
Volkswagen Group on Thursday said that it was withdrawing its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused a fall in demand and group revenue to drop 8% in the first quarter of this year.
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Daimler/BMW's 'FREE NOW' service to restructure, integrate French app Kapten

Thu, 04/16/2020 - 06:13
The 'FREE NOW' taxi ride-hailing service run by Daimler and BMW announced on Thursday a corporate restructuring, which could lead to job cuts, and unveiled plans to merge with French app Kapten.
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Dollar perched at one-week highs before U.S. jobless data

Thu, 04/16/2020 - 06:00
The dollar consolidated its gains against other currencies on Thursday before the release of weekly U.S. jobless data likely to provide more evidence of the world's biggest economy hurtling into a deep recession.
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Uber Eats sees grocery orders jump in locked down Europe

Thu, 04/16/2020 - 05:58
Uber Eats said orders for grocery delivery on its platform jumped 59% across Europe in March compared with February as countries locked down to fight the coronavirus, helping offset some of the impact of shuttered restaurants on demand.
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Some Accor hotels to admit mild coronavirus cases in Paris region

Thu, 04/16/2020 - 05:51
French hotel group Accor said that some of its hotels in the Paris region will open on Thursday to people infected with the coronavirus who are symptom-free or showing slight symptoms.
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Thailand expects liquidity support for Thai Airways next week

Thu, 04/16/2020 - 05:47
The Thai government expects to conclude a capital injection plan for flagship carrier Thai Airways International Pcl next week, a government minister said on Thursday.
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BlackRock assets, profits sink as investors pull funds

Thu, 04/16/2020 - 05:41
The world's biggest asset manager BlackRock Inc saw the capital it manages fall by almost $1 trillion in the first quarter as investors pulled money out of its marquee funds amid the most damaging stock market selloff in more than a decade.
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Huawei chip unit orders up more domestic production as U.S. restrictions loom: sources

Thu, 04/16/2020 - 05:39
Huawei Technologies Co Ltd is gradually shifting production of chips designed in-house away from Taiwan Semiconductor Manufacturing Co Ltd (TSMC) and towards a mainland Chinese firm in preparation for more U.S. restrictions, sources familiar with the matter said.
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Futures gain ahead of earnings reports, jobless claims

Thu, 04/16/2020 - 05:26
U.S. stock index futures edged higher on Thursday, with investors weighing the prospects of the economy re-opening against worsening macroeconomic data and dour first-quarter earnings reports.
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