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Updated: 4 years 26 weeks ago
Futures mixed as traders assess G7 comments on monetary stimulus
U.S. stock index futures were mixed on Tuesday, as G7 heads indicated willingness to take steps to mitigate the economic impact of the coronavirus epidemic, but stopped short of announcing concrete measures.
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Global markets: Here comes the cavalry?
A recovery in world stock markets and oil prices picked up pace on Tuesday, as global policymakers signalled a united front to address the economic fallout from the spreading coronavirus.
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Chevron says it has potential to return up to $80 billion in capital over five years
Chevron Corp said on Tuesday it could return as much as $80 billion to shareholders over five years even if oil prices remained low.
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Impossible Foods cuts prices of plant-based meat to distributors
Impossible Foods on Tuesday announced an average of 15% cut in vegan product prices to distributors in the United States and asked them to pass it on to restaurants as the plant-based meat maker competes against beef products.
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Daimler says production in China stable but too early to forecast coronavirus impact
Daimler's car production in China is stable and the supply chains are secure but it is too early to forecast the impact of the coronavirus outbreak on the German carmaker's sales, Mercedes-Benz's sales chief said on Monday.
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ECB's Holzmann sees no need for rate cut to combat coronavirus
European Central Bank policymaker Robert Holzmann said he would not support an interest rate cut to insulate the euro zone from the effects of the coronavirus epidemic but he could consider giving firms ultra cheap loans.
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OPEC ministers gather in Vienna as coronavirus hits demand
OPEC ministers are beginning to arrive to Vienna on Tuesday as the group debates whether to further reduce oil production to tackle deteriorating demand from the global spread of the new coronavirus.
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Kuwait oil minister says optimistic on outcome of OPEC meetings
Kuwait's oil minister said on Tuesday he is optimistic about the outcome of OPEC meetings this week and continued cooperation among OPEC+ countries, Kuwait state news agency KUNA reported.
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Global markets: Here come the cavalry?
A recovery in world stock markets and oil prices picked up pace on Tuesday, as global policymakers signalled a united front to address the economic fallout from the spreading coronavirus.
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High-fives, hugs, kisses discouraged as U.S. companies respond to growing coronavirus threat
As news broke of more cases of coronavirus spreading across the United States, T-Mobile had a novel response to the threat: fewer hugs, kisses or high-fives.
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Bank of England's Carney sees powerful global response to coronavirus
Bank of England Governor Mark Carney said policymakers around the world were working on a "powerful and timely" response to the economic hit from coronavirus which has raised fears of a new global recession.
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Kremlin stays silent on Russia oil cut plans ahead of OPEC+ meeting
The Kremlin told reporters on Tuesday it would not say whether Moscow was ready to make additional oil output cuts as part of the cooperation between OPEC and non-OPEC countries and said it was necessary to wait for their meeting later this week.
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European airlines warn of worsening impact of coronavirus
European airlines warned on Tuesday the worst is still to come in economic damage to the industry from the rapid spread of coronavirus Covid-19.
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ECB working on lending scheme for coronavirus-hit companies: sources
The European Central Bank is preparing possible measures to provide liquidity to businesses hit by the economic fallout of the coronavirus outbreak, three sources familiar with the discussion told Reuters.
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OPEC ministers to meet in Vienna to face coronavirus threat to oil demand
OPEC ministers are beginning to arrive to Vienna on Tuesday as the group debates whether to further reduce oil production to tackle deteriorating demand from the global spread of the new coronavirus.
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Lindt promises sweet dividend and further growth
Swiss chocolate maker Lindt & Spruengli on Tuesday proposed a sweeter payout to shareholders, increasing its dividend by 75% to mark its 175th anniversary.
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Swiss Re lines up UBS CEO Ermotti to become chairman in 2021
Swiss Re plans to make UBS Group Chief Executive Sergio Ermotti its chairman from next year, the world's second-biggest reinsurer said on Tuesday, turning to a financial industry veteran with scant insurance experience.
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Oil extends gains amid optimism for coordinated effort to offset virus
Oil prices extended gains on Tuesday on expectations that central banks are likely to enact financial stimulus to offset the impacts of the coronavirus outbreak and growing optimism that OPEC will order deeper output cuts this week.
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French carmaker PSA has enough supplies to keep European plants running
French carmaker PSA has managed for ensure that its European facilities have enough supplies to keep running for now during the coronavirus outbreak, chief executive officer Carlos Tavares said on Tuesday.
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