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Updated: 4 years 29 weeks ago
Exclusive: ECB doesn't plan to use crisis-era OMT bond scheme against coronavirus - sources
The European Central Bank has no plans to deploy its OMT emergency bond purchase scheme and sees it as an inappropriate tool to fight the coronavirus crisis, two sources familiar with the bank's thinking said on Thursday.
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EU lawmakers to approve aid for coronavirus-hit economy in remote vote
European Union lawmakers are expected on Thursday to approve emergency funds to cushion the bloc's economic slump triggered by the coronavirus pandemic and shore up hard-hit airlines by preserving their landing slots.
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Deutsche Bank readies government short-time work scheme amid coronavirus outbreak
Deutsche Bank is laying the groundwork for taking advantage of a government-run short-time work scheme for some of its employees in Germany as it deals with fallout of the coronavirus, a spokeswoman said on Thursday.
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Drugmakers Mylan, Pfizer delay merger due to coronavirus outbreak
Drugmaker Mylan NV's merger with Pfizer Inc's off-patent branded drug unit, Upjohn, will now close in the second half of this year, the companies said on Thursday, blaming the coronavirus pandemic for the delay.
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After Senate vote, massive U.S. coronavirus bill moves to the House
The U.S. Senate's unanimous passage of a $2 trillion coronavirus relief bill sent the unprecedented economic legislation to the House of Representatives, whose Democratic leaders hope to pass it on Friday.
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Ford aims to restart production at some North American plants in April
Ford Motor Co said on Thursday it was aiming to restart production at some plants in North America as early as April 6.
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Explainer: How U.S. emissions rules encourage larger SUVs and trucks
Drivers around the world want more roomy and powerful cars. Rules made under the administration of President Barack Obama make it easier for U.S. automakers to give customers what they want and to keep expanding the size of their vehicles.
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Detroit's near future based on SUVs, not EVs, production plans show
General Motors Co and Ford Motor Co have widely touted their commitment to emission-free electric cars, but their production plans show a growing reliance on ever-larger gas-powered vehicles.
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Factbox: Ford and General Motors' electric vehicle plans
Ford Motor Co and General Motors Co , the top two U.S. automakers, have more than two dozen new battery electric vehicles (EVs) in the pipeline, according to their executives and suppliers familiar with the companies' plans.
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Norway's sovereign fund loses $124 billion as markets crash
Norway's sovereign wealth fund, the world's largest, has lost 1.33 trillion Norwegian crowns ($124 billion) so far this year as stock markets have plunged due to the coronavirus pandemic, it said on Thursday.
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Norway names Nicolai Tangen as new head of sovereign wealth fund
The new chief executive for Norway's $930 billion sovereign wealth fund is Nicolai Tangen, until now chief executive of investment firm AKO Capital, which he established in 2005.
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Credit Suisse turns slightly bullish on stocks, wants to be early mover
Credit Suisse on Thursday moved to a "small overweight" on global equities, especially developed markets, saying the risk of a "very bad" economic outcome had come down significantly after the massive $2 trillion U.S. stimulus package.
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Futures fall after two-day rally as focus turns to jobless numbers
U.S. stock index futures slipped on Thursday after a two-day rally as investors braced for what is expected to be one of the worst domestic jobless claims reports in history, underscoring the wide-ranging economic damage from the coronavirus pandemic.
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UK's Daily Mirror, Mail predict coronavirus financial hit
The publishers of Britain's Daily Mail and Daily Mirror newspapers both flagged expected financial hits from the coronavirus crisis on Thursday, saying advertising and other revenue would be weakened.
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Oil prices fall as demand shrinks but limited by stimulus
Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
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Britain-based airlines seek industry tax breaks in coronavirus battle
A representative body for airlines based in Britain has written to its transport minister seeking industry-specific tax and air traffic fee holidays to help survive a coronavirus pandemic that has brought air travel to a standstill.
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Asian stocks scratch gains but lose steam on U.S. job jitters
Asian stocks eked out gains on Thursday, but the week's rally lost steam as investors seemed torn between relief at the agreement of a huge U.S. stimulus package and dread over a likely spike in jobless claims and coronavirus cases.
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Airbus says reducing wing production for three weeks
Airbus SE is reducing the production of aircraft wings for three weeks as it slows operations to put in place extra health and safety measures due to the coronavirus pandemic, the planemaker said on Thursday.
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U.S. Senate passes $2 trillion bill for 'strange and evil' coronavirus crisis
The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment.
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