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Updated: 4 years 29 weeks ago
U.S. stock futures dip as coronavirus spread overshadows stimulus
U.S. stock futures stepped back in choppy early Asian trade on Wednesday as concerns about the widening coronavirus epidemic weighed against hopes policy support would combat its economic fallout.
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Latam carriers see 'bankruptcy pandemic' risk, Chile opposes bailout
Latin American airlines need prompt government aid or many of them could go out of business as the global coronavirus outbreak forces widespread flight cancellations, the chief of regional airline association ALTA said on Tuesday.
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Exxon pays more to borrow amid market turmoil
Exxon Mobil Corp paid a big premium to raise $8.5 billion in new debt on Tuesday, as a rout in energy prices and stock market jitters fueled by the coronavirus outbreak eroded investor confidence in the largest U.S. oil producer.
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SoftBank lays ground to abandon $3 billion WeWork tender offer: sources
SoftBank Group Corp is considering pulling out of a $3 billion bid to buy additional shares in WeWork, because it feels the office-space sharing firm has not met the conditions for the deal, people familiar with the matter said on Tuesday.
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Credit Suisse sharply cuts Mexico's 2020 GDP, sees economy shrinking by 4%
Credit Suisse sharply lowered its forecast for Mexico's economic performance this year and now expects a 4.0% contraction, according to a note sent to the bank's clients on Tuesday, adding to a series of downgrades since the coronavirus spread.
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Fujifilm Holdings shares untraded on glut of orders after China says drug works against coronavirus - Kyodo
Shares in Japanese company Fujifilm Holdings Corp were untraded due to a glut of buy orders after Kyodo news agency reported on Wednesday that China said the company's Avigan drug works against coronavirus.
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California county says Tesla factory cannot operate normally in coronavirus shutdown
Tesla Inc cannot operate its main U.S. vehicle factory normally as the San Francisco Bay Area has begun a three-week lockdown to rein in the spread of coronavirus, a spokesman for the county's sheriff's office said on Tuesday.
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Amazon warehouses receive only vital supplies in U.S., Europe amid coronavirus
Amazon.com Inc will only receive vital supplies at its U.S. and UK and other European warehouses until April 5, its latest move to free up inventory space for medical and household goods in high demand as a result of the coronavirus outbreak.
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H&M closes all stores in biggest markets Germany and the United States
H&M is temporarily closing all its 460 stores in Germany, its number one market for sales, and all 590 in its second largest market the United States, due to the coronavirus outbreak.
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UK's Sainsbury's to limit customer purchases, close cafes to get through coronavirus
British supermarket group Sainsbury's is to restrict customer purchases to combat panic buying, close its in-store cafes and counters and beef-up online services to get it through the coronavirus crisis, it said on Wednesday.
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Credit Suisse sharply cuts Mexico's 2020 GDP, now sees economy shrinking by 4%
Credit Suisse sharply lowered its forecast for Mexico's economic performance this year and now expects a 4.0% contraction, citing "significant downside risks," according to a note sent to the bank's clients on Tuesday.
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Adidas joins Nike in announcing store closures over coronavirus
German sportswear maker Adidas on Tuesday joined rivals in announcing store closures in response to the coronavirus pandemic.
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Tiffany & Co to temporarily shut several stores, cuts hours at others
Luxury jeweler Tiffany & Co said on Tuesday it would temporarily close several stores, including its Fifth Avenue flagship store in New York, and reduce working hours at other outlets, in an effort to contain the spread of the novel coronavirus.
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California considers whether Tesla factory can operate in coronavirus shutdown
Local California officials on Tuesday were evaluating if and how Tesla Inc will be allowed to continue operating its main U.S. vehicle factory as the San Francisco Bay Area begins a three-week lockdown to rein in the spread of coronavirus.
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More than 4,500 Delta flight attendants request unpaid leave in April: document
Delta Air Lines has received over 4,500 requests from flight attendants for voluntary unpaid leave in April, according to a March 14 paper seen by Reuters.
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Credit Suisse sees 2020 economic contraction in Mexico of 4%
Credit Suisse sharply lowered its forecast for Mexican economic growth this year and now expects a 4.0% contraction, citing "significant downside risks," according to a note sent to the bank's clients on Tuesday.
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Fed moves to backstop funding for U.S. companies as coronavirus fallout spreads
The U.S. Federal Reserve moved Tuesday to ensure the flow of credit to U.S. companies, banks and even local governments amid a nationwide scramble for ways to blunt the economic fallout from the coronavirus crisis.
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Fed officials flag possible further steps in Fed crisis response
Federal Reserve officials are deliberating over next steps in their response to the fallout from the coronavirus epidemic, with some urging a broad debate about how the central bank might help small and medium-sized businesses, policymakers said on Tuesday.
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Wall Street jumps after Monday's historic sell-off as Fed boosts liquidity to fight coronavirus effect
The S&P 500 rose 6% on Tuesday, clawing back a significant portion of Monday's steep losses, as the Federal Reserve and the White House took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy.
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Fed's short-term corporate funding plan boosts stocks, gold, dollar
Gold, the dollar and global equity markets rose on Tuesday after the Federal Reserve said it would buy short-term corporate debt directly from companies to help relieve credit markets under strain from the economic impact of the coronavirus epidemic.
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