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Updated: 4 years 29 weeks ago
Fiat Chrysler in talks with unions for production restart in Italy
Fiat Chrysler (FCA) and unions are discussing plans for beefed-up health measures at Italian plants to pave the way for most profitable production to restart as soon as the government eases a national lockdown, unions said on Wednesday.
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OECD says leading indicators flag biggest monthly drop on record
Major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no end is in sight without clarity about how long lockdowns will last, the Organisation for Economic Cooperation and Development said on Wednesday.
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Coronavirus rout spurs China investors to dividend plays
Wild swings in global equities markets are prompting brokers and fund managers to urge patience with a strategy still alien to many of China's momentum-driven stock investors: switch into companies offering high and stable dividends.
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EasyJet founder continues battle over $5.5 billion Airbus order
EasyJet founder Stelios Haji-Ioannou continued his battle to force the British airline to cancel an order for 107 Airbus planes, making a new demand on Wednesday for a shareholder vote and threatening to sue its directors.
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Oil holds near $32 ahead of OPEC-led talks on output cuts
Oil steadied near $32 a barrel on Wednesday, supported by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have collapsed due to the coronavirus pandemic.
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Britain's Tesco warns coronavirus costs could top $1 billion
Britain's biggest retailer Tesco estimated a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it couldn't give profit guidance for the current financial year.
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Honda back to work in China's Wuhan with temperature checks and masks
Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co's reopened plant in the Chinese city of Wuhan show how the coronavirus has created a new normal on the factory floor.
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Global stocks turn negative as virus death toll mounts
World stocks turned negative on Wednesday as the coronavirus death toll mounted and euro zone finance minister failed to agree a rescue package to help economies recover from the impact of the outbreak.
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Dollar gains on rising coronavirus crisis concerns
The dollar firmed on Wednesday as optimism that the coronavirus crisis was slowing waned, increasing investor concerns over the economic impact of the pandemic.
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BAE Systems to raise $1.3 billion in debt to fund pension deficit
Britain's BAE Systems is looking to raise $1.3 billion in debt to fund its pension deficit and repay related loans, the company said on Wednesday, as it prepares to deal with the fallout of the coronavirus outbreak.
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Figure of $6.5 billion in loans for Air France KLM 'not unrealistic': minister
A figure of 6 billion euros ($6.5 billion) in loans to help Air France KLM amid the coronavirus crisis is "not unrealistic", French junior transport minister Jean-Baptiste Djebbari said on Wednesday.
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French carmaker PSA sets up fund for staff and new health check measures
French carmaker and Peugeot owner PSA announced on Wednesday the creation of a solidarity fund to help staff affected by the closures of plants due to the COVID-19 outbreak, and new steps to protect the health of its workers.
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BAE Systems plans to raise $1.3 billion in bonds due 2030
Britain's BAE Systems is seeking to raise $1.3 billion in bonds to fund its employee benefit plans and repay debt, the company said on Wednesday, as it braced any blow from the coronavirus outbreak.
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Oil rises as markets eye OPEC, Russia meeting on output cuts
Oil rebounded on Wednesday after a two-day fall, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic.
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Britain's Tesco says coronavirus costs could reach $1.1 billion
Britain's biggest retailer Tesco expects to take a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it was unable to give a profit forecast for this financial year.
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UK fashion retailer ASOS raises 247 million pounds in placing
British online fashion retailer ASOS Plc said it had raised 247 million pounds ($304 million) via a placing, to help it shore up its finances in case of a prolonged business downturn from the coronavirus pandemic.
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Jack Dorsey pledges $1 billion of his Square stake for COVID-19 relief efforts
Twitter Inc Chief Executive Officer Jack Dorsey on Tuesday pledged $1 billion of his stake in Square Inc , the payments processor that he co-founded and heads, to help fund relief efforts related to the coronavirus pandemic.
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Dollar firms as virus worries return
The dollar found a footing on Wednesday as investors returned to safe-havens, reversing some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing.
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Asian shares turn mixed, oil rebounds in choppy trade
Asian stocks were mixed on Wednesday after two sessions of sharp gains as investors tempered their optimism about the coronavirus while death tolls were still mounting across the globe.
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Amazon to suspend delivery service competing with UPS, FedEx
Amazon.com Inc will suspend a delivery service that aims to compete with UPS and FedEx in the United States.
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