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Updated: 4 years 27 weeks ago
Airbus, Boeing executives say too early to gauge coronavirus impact on aircraft demand
Executives from planemakers Airbus and Boeing said on Tuesday that it was too early to say whether the outbreak of a new coronavirus would affect demand for aircraft.
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In an emergency move, Federal Reserve cuts interest rates to battle coronavirus
The U.S. Federal Reserve cut interest rates on Tuesday in an emergency move designed to shield the world's largest economy from the impact of the coronavirus.
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Wall Street rebounds sharply after Fed's emergency rate cut
U.S. stocks indexes surged on Tuesday after the Federal Reserve cut interest rates by a half percentage point in an emergency move designed to shield the world's largest economy from the impact of the coronavirus.
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Hudson's Bay Chairman Richard Baker to take over as CEO: source
Hudson's Bay Co Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told Reuters on Tuesday, after his bid to take the owner of Saks Fifth Avenue private was approved by shareholders.
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OPEC gathers in Vienna to discuss further cuts in oil output
OPEC ministers were starting to arrive in Vienna on Tuesday where they will debate whether to cut oil production further as the spread of the coronavirus hits demand for crude worldwide.
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OPEC gathers in Vienna to discuss further cuts in oil output
OPEC ministers were starting to arrive in Vienna on Tuesday where they will debate whether to cut oil production further as the spread of the coronavirus hits demand for crude worldwide.
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World stocks lead rally as G7 pledges virus support
A sharp rebound in world stock markets lost only a little steam on Tuesday despite a lack of any immediately gratifying measures after global policymakers pledged to address the economic fallout from the coronavirus outbreak.
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Chevron shows off war chest by pledging up to $80 billion in returns
Chevron Corp on Tuesday said it would keep its spending in check and return up to $80 billion to shareholders over the next five years, with Chief Executive Mike Wirth making the case that his company is the oil major best able to produce oil and generate profits at the lowest cost.
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Wall Street dips as G7 statement underwhelms
U.S. stocks fell minutes after the open on Tuesday as G7 heads stopped short of outlining measures to cushion the economic blow of the coronavirus epidemic, while assuring policy support.
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Ryanair, IAG bosses see travel demand returning for summer
The bosses of Ryanair and British Airways-owner IAG expect the drop-off in travel demand to stabilize in the coming weeks, before bookings return for the summer, they said at a conference on Tuesday.
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Hudson's Bay Chairman Baker to take over as CEO: source
Saks Fifth Avenue owner Hudson's Bay Co Executive Chairman Richard Baker will take over as chief executive officer, a source familiar with the matter told Reuters on Tuesday.
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Wall Street set for lower open as G7 statement underwhelms
The Dow Jones Industrials index looked set to drop more than 100 points at the open on Tuesday after G7 heads stopped short of outlining measures to cushion the economic blow of the coronavirus epidemic, while assuring policy support.
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Peugeot maker says UK factory plans dependent on Brexit talks
Peugeot maker PSA does not expect to make a call before the end of 2020 on whether to keep its British factory at Ellesmere Port running, depending on how Brexit talks evolve, Chief Executive Carlos Tavares said on Tuesday.
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BMW, Daimler aim to cut emissions 20% this year with new electric models
New electric models will help BMW and Daimler cut emissions from the cars they sell by an average of 20% this year, the German automakers predicted on Tuesday, as they strive to meet tough new European pollution rules.
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Explainer: Why automakers are on a drive to sell electric cars in Europe
Carmakers are under pressure in Europe to sell more electric cars or face huge fines for breaching new emissions rules aimed at tackling global warming.
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Algeria energy minister says OPEC+ countries to discuss 'substantial' oil output cuts
Algeria energy minister and OPEC president said on Tuesday OPEC+ countries will discuss new "substantial" oil production cuts at their meetings in Vienna this week, Algerian state news agency APS reported.
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No need for imminent ECB action on coronavirus: ECB's Kazimir
There is no need for any imminent action from the European Central Bank to combat the impact of the coronavirus outbreak, but global coordination to shield the world economy is a welcome step, ECB policymaker Peter Kazimir said on Tuesday.
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Chevron shows off war chest by pledging billions in returns
Chevron Corp on Tuesday said it would keep spending in check and return billions to shareholders over the next five years, with Chief Executive Mike Wirth making the case that his company is the oil major best able to produce oil and generate profits at the lowest cost.
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Oil extends gains on expectations for coordinated effort to offset coronavirus impact
Oil prices extended gains on Tuesday on expectations that central banks will provide financial stimulus to offset the impact of the coronavirus outbreak and on growing optimism that OPEC will order deeper output cuts this week.
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