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Updated: 4 years 29 weeks ago
Rolls-Royce to ditch targets and suspend dividend: FT
UK aero-engine maker Rolls-Royce will abandon its targets on profits, cash and deliveries, and suspend its dividend, due to the coronavirus outbreak, the Financial Times reported late on Sunday.
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Boeing extends Washington state production shutdown indefinitely
Boeing Co said on Sunday it would extend the suspension of production operations at its Washington state facilities until further notice amid the coronavirus outbreak.
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Oil prices under pressure from Saudi-Russia dispute, but tariffs provide support
Global benchmark oil prices are expected to open lower on Monday, but the decline may be muted as the market maintains hope that top crude exporters Saudi Arabia and Russia will strike a deal to curb production at a meeting that was delayed until Thursday.
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Boeing extends Washington state production shutdown
Boeing Co said Sunday it would extend its temporary suspension of production operations at its Washington state production facilities until further notice.
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U.S. banks to defend dividend payments in stress tests: FT
U.S. banks are expected to defend their dividend payments when they submit their annual capital plans to the Federal Reserve on Monday for the upcoming stress tests, the Financial Times reported on Sunday, citing people familiar with the situation.
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Fed's Bullard says another coronavirus economic relief bill may not be needed
A top official at the U.S. Federal Reserve said on Sunday the $2.3 trillion economic relief bill approved by Congress was appropriately sized and that a further relief effort may not be needed if support efforts are well executed.
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How one Silicon Valley factory keeps running in the age of coronavirus
The managers at Green Circuits — a small Silicon Valley electronics factory — thought they would have to close when the San Francisco Bay Area directed non-essential businesses to shut almost three weeks ago.
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United slashes New York-area flights due to coronavirus
United Airlines said late Saturday it will drastically reduce flights to two New York City airports amid the coronavirus outbreak.
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How the coronavirus job cuts played out by sector and demographics
The job losses suffered in March as the U.S. economy shut down in the face of the novel coronavirus pandemic were widespread but still were disproportionately felt in a handful of employment sectors and by women, the young and the less educated.
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OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse: sources
OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.
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Trump threatens tariffs on oil imports to 'protect' U.S. energy workers
U.S. President Donald Trump said on Saturday he would impose tariffs on crude imports if he has to "protect" U.S. energy workers from the oil price crash that has been exacerbated by a war between Russia and Saudi Arabia over market share.
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Exclusive: Amazon in contact with coronavirus test makers for potential screenings on employees
Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses, according to internal meeting notes seen by Reuters.
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Trump says if he has to put tariffs on oil imports to protect energy workers he will
President Donald Trump said on Saturday he would put tariffs on imports of crude oil or take other measures if he has to protect energy workers from the oil price crash.
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Capital One says it won't use CFTC waiver related to oil lending
U.S. lender Capital One Financial Corp said on Saturday it would not use a U.S. Commodity Futures Trading Commission (CFTC) waiver after commodity price volatility lifted the bank's derivatives exposure toward a key regulatory threshold.
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The watchdogs overseeing the $2.3 trillion U.S. bailout
Who's watching over the U.S. government's largest bailout in history - the $2.3 trillion in fiscal stimulus to fight the economic impact of the coronavirus?
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Mexican president calls on Russia, Saudi Arabia to end oil price war
Mexican President Andres Manuel Lopez Obrador on Saturday called on Russia and Saudi Arabia to reach a deal soon and end their oil price war to avoid deepening the oil price crisis.
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Trump says will ask Congress for more small business funds if money runs out
U.S. President Donald Trump said on Saturday he would ask Congress for more money to make loans to small businesses struggling with the economic fallout from the coronavirus outbreak if the original $349 billion allocated in a fiscal stimulus bill runs out.
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OPEC+ meeting delayed as Saudi Arabia and Russia row over price collapse
OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as a row intensified between Moscow and Saudi Arabia over who is to blame for plunging oil prices.
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Exclusive: Amazon in contact with coronavirus test makers as it plans pandemic response
Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses, according to internal meeting notes seen by Reuters.
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