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Exclusive: Coronavirus spreads in Brazil's oilfields, as six offshore operators register cases

Reuters Business News - Tue, 05/26/2020 - 12:09
Norway's Equinor ASA , Brazil's Dommo Energia SA and Anglo-French firm Perenco are among at least six oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources.
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Apple to reopen about 100 stores in U.S., most with curbside pickup

Reuters Business News - Tue, 05/26/2020 - 12:06
Apple Inc said on Tuesday that it plans to reopen about 100 stores in the United States, most with curbside pickup but some with walk-in service.
Categories: Reuters

Austrian Airlines, government agree financing package: Kurier

Reuters Business News - Tue, 05/26/2020 - 11:52
Austria's government and Lufthansa-owned carrier Austrian Airlines on Tuesday reached agreement on loans for the airline and to keep Vienna airport as a long-haul hub, a major step forward in the rescue negotiations, daily Kurier said.
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French restaurant ruling puts coronavirus claims on global menu

Reuters Business News - Tue, 05/26/2020 - 11:43
AXA will meet the bulk of business interruption claims from some restaurant owners in France, it said on Tuesday, after losing a court case seen as a potential precedent for coronavirus-related disputes across the world.
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Ryanair challenges Lufthansa's bailout package

Reuters Business News - Tue, 05/26/2020 - 11:39
Low-cost carrier Ryanair challenged Germany's 9 billion euro rescue package for Lufthansa on Tuesday, saying it distorted competition, while the German carrier moves towards finalising the deal next month.
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BMW to begin gradual restart in San Luis Potosi, Mexico on May 27

Reuters Business News - Tue, 05/26/2020 - 11:37
German carmaker BMW said on Tuesday it would begin a gradual restart of operations at its plant in the central Mexican state of San Luis Potosi on Wednesday, May 27.
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LATAM airline shares plunge 51% following bankruptcy announcement

Reuters Business News - Tue, 05/26/2020 - 11:19
Shares in LATAM Airlines Group SA plunged 51% on Santiago´s stock exchange after the region´s top carrier filed for U.S. bankruptcy protection on Tuesday.
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Hertz awards over $16 million in retention bonus to key executives

Reuters Business News - Tue, 05/26/2020 - 11:10
U.S. car rental company Hertz Global Holdings said on Tuesday it has paid about $16.2 million in retention bonuses to a range of key executives at the director level and above, days after the company filed for bankruptcy protection.
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S&P 500 tops 3,000 on hopes of economic recovery, COVID-19 vaccine

Reuters Business News - Tue, 05/26/2020 - 11:09
U.S. stocks jumped and the S&P 500 breached 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions.
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Global airlines body raises alarm over bailout debts

Reuters Business News - Tue, 05/26/2020 - 11:01
Heavy debts inherited from government bailouts and other fund-raising moves will delay the airline industry's recovery from the coronavirus crisis, a trade body said on Tuesday.
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Oil prices gain as faith in supply cuts grows

Reuters Business News - Tue, 05/26/2020 - 10:44
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing.
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U.S. passenger railroad service Amtrak says needs new $1.5 billion bailout

Reuters Business News - Tue, 05/26/2020 - 10:43
U.S. passenger railroad service Amtrak told Congress in a letter made public Tuesday it needs a further $1.475 billion bailout or it will be forced to make sweeping service cuts and suspend some routes.
Categories: Reuters

Pandemic forces virtual safety checks for oil tankers

Reuters Business News - Tue, 05/26/2020 - 10:35
Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships as storage.
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S&P 500 tops 3,000 points on hopes of economic recovery, COVID-19 vaccine

Reuters Business News - Tue, 05/26/2020 - 10:34
U.S. stocks jumped and the S&P 500 breached 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions.
Categories: Reuters

U.S. consumer confidence stabilizes as economy reopens

Reuters Business News - Tue, 05/26/2020 - 10:32
U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was probably in the past as the country starts to reopen, but it would probably take a while to dig out of the hole amid record unemployment.
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UK's John Lewis plans 'phased' re-opening of department stores

Reuters Business News - Tue, 05/26/2020 - 10:19
British retailer John Lewis Partnership said on Tuesday it will re-open its department stores on a "phased basis" after the government said non-essential retail could re-open from June 15.
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Nissan and Renault shelve merger plans to repair their alliance: sources

Reuters Business News - Tue, 05/26/2020 - 10:15
Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.
Categories: Reuters

Factbox: Airlines crumble around the globe amid coronavirus pandemic

Reuters Business News - Tue, 05/26/2020 - 10:06
The coronavirus crisis, which has virtually grounded global air traffic since March, has pushed several struggling airlines over the edge.
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Swiss trial begins of banker alleged to have ignored 1MDB warnings

Reuters Business News - Tue, 05/26/2020 - 09:56
A banker went on trial in Switzerland on Tuesday charged with failing to sound the alarm over millions of dollars linked to scandal-tainted Malaysian sovereign wealth fund 1MDB.
Categories: Reuters

U.S. passenger railroad Amtrak says it needs new $1.5 billion bailout

Reuters Business News - Tue, 05/26/2020 - 09:53
U.S. passenger railroad Amtrak told Congress in a letter made public Tuesday it needs another $1.475 billion bailout or it will be forced to make sweeping service cuts and likely suspend some routes.
Categories: Reuters
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