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Oil slide dents futures ahead of bank earnings

Reuters Business News - Wed, 04/15/2020 - 05:44
U.S. stock index futures retreated on Wednesday for a second time this week, as a slide in oil prices pressured energy stocks ahead of what is expected to be another dismal round of first-quarter earnings reports.
Categories: Reuters

UnitedHealth beats quarterly profit on strength across businesses

Reuters Business News - Wed, 04/15/2020 - 05:42
UnitedHealth Group Inc , the largest U.S. health insurer, on Wednesday beat quarterly profit expectations, boosted by strength across its businesses, and maintained its 2020 outlook while it continues to assess the impact of COVID-19.
Categories: Reuters

Exclusive: Ukraine ready to ban wheat exports if necessary - deputy minister

Reuters Business News - Wed, 04/15/2020 - 05:18
Ukraine, one of world's top grain exporters, is ready to ban wheat exports if sales exceed limits agreed with traders, the deputy economy minister in charge of agriculture told Reuters on Wednesday.
Categories: Reuters

UnitedHealth first-quarter profit falls 2.5%

Reuters Business News - Wed, 04/15/2020 - 05:14
UnitedHealth Group Inc reported a 2.5% fall in first-quarter profit on Wednesday, hurt by higher medical costs.
Categories: Reuters

There are limits to boldly easing bank rules in coronavirus pandemic: BIS

Reuters Business News - Wed, 04/15/2020 - 05:11
Easing bank rules is among the "bold and extraordinary" steps needed to beat the coronavirus, but it must be temporary and limited to avoid undermining financial stability after the epidemic has passed, central bankers said on Wednesday.
Categories: Reuters

Amazon plans to appeal French ruling limiting trade to essential goods

Reuters Business News - Wed, 04/15/2020 - 04:55
Amazon said on Wednesday it planned to appeal a French court ruling limiting deliveries to essential goods in order allow for a deeper assessment of coronavirus risks at its sites in the country.
Categories: Reuters

Bosses at commercial vehicle group CNH take pay cuts in show of solidarity

Reuters Business News - Wed, 04/15/2020 - 04:29
Top executives and board members at commercial vehicle maker CNH Industrial will take voluntary pay cuts in an act of solidarity with the group's workforce during the coronavirus crisis, the Italian-American company said on Wednesday.
Categories: Reuters

Exclusive: J.C. Penney explores bankruptcy as hopes for recovery fade - sources

Reuters Business News - Wed, 04/15/2020 - 03:48
J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter.
Categories: Reuters

Oil falls 5% to $28 on oversupply concerns

Reuters Business News - Wed, 04/15/2020 - 03:40
Oil fell 5% to around $28 a barrel on Wednesday, pressured by reports suggesting persistent oversupply and collapsing demand due to global coronavirus-related lockdowns.
Categories: Reuters

Global shares dip as dire warnings for global economy weigh

Reuters Business News - Wed, 04/15/2020 - 03:40
Global share markets dipped into the red on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage done during the coronavirus panemdic even as some countries try to re-open for business.
Categories: Reuters

Swiss court rejects Credit Suisse bid to block FINMA spying scandal appointment

Reuters Business News - Wed, 04/15/2020 - 03:33
Credit Suisse has lost a bid to block an auditor appointed by Switzerland's financial supervisor as part of its probe into the bank's spying scandal, court documents show, with judges ruling the Swiss bank's objections were unfounded.
Categories: Reuters

Proxy advisers split over endorsing Bayer management at AGM

Reuters Business News - Wed, 04/15/2020 - 02:17
Shareholder advisory groups are divided over whether to endorse the management and directors at German drugs and pesticides company Bayer , according to recommendations submitted by proxy voting firms.
Categories: Reuters

Exclusive: Stay off Zoom and Google Hangouts, Standard Chartered chief tells staff

Reuters Business News - Wed, 04/15/2020 - 01:51
Standard Chartered Plc is the first major global bank to tell employees not to use Zoom Video Communications Inc during the coronavirus pandemic due to cybersecurity concerns, according to a memo seen by Reuters.
Categories: Reuters

Oil climbs on bargain-hunting, hopes for purchases for reserves

Reuters Business News - Wed, 04/15/2020 - 00:43
Oil prices climbed on Wednesday, bouncing back from the previous session's large losses, as investors looked for bargains and supported by hopes that consuming countries will look to fill their strategic reserves.
Categories: Reuters

Airbnb secures new $1 billion loan on top of $1 billion bond deal

Reuters Business News - Wed, 04/15/2020 - 00:41
Airbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new $1 billion loan just days after closing a $1 billion debt deal, the company said on Tuesday.
Categories: Reuters

Asia shares take a breather, China cuts medium-term rates

Reuters Business News - Wed, 04/15/2020 - 00:38
Asian share markets took a breather on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even as some countries tried to re-open for business.
Categories: Reuters

Global creditors agree on debt relief for poor countries hit by pandemic

Reuters Business News - Tue, 04/14/2020 - 23:44
Major international creditors will relieve the world's poorest countries of debt payments this year to help them deal with the coronavirus pandemic that has sparked the steepest downturn in the global economy since the 1930s, France announced on Tuesday.
Categories: Reuters

Tesla's China car registrations surge in March as Shanghai factory back up

Reuters Business News - Tue, 04/14/2020 - 23:30
U.S. electric vehicle maker Tesla Inc's China car registrations jumped 450% in March, month on month, data from auto consultancy LMC Automotive showed.
Categories: Reuters

Oil producers pin hopes for massive cuts on unprecedented stockpile purchases

Reuters Business News - Tue, 04/14/2020 - 23:25
An unprecedented deal by oil producers to curb supply to match demand hollowed out by the coronavirus pandemic is set to depend partly on purchases by consumer countries for their strategic stockpiles on a scale not before seen.
Categories: Reuters

Coronavirus seen knocking U.S. retail sales in March

Reuters Business News - Tue, 04/14/2020 - 23:10
U.S. retail sales likely suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for a range of goods, setting up consumer spending for its worst decline in decades.
Categories: Reuters
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