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JPMorgan CEO Dimon does not rule out suspending 2020 dividend due to coronavirus crisis

Reuters Business News - Mon, 04/06/2020 - 06:25
JPMorgan Chase & Co could consider suspending dividend for 2020 due to the ongoing coronavirus crisis, Chief Executive Officer Jamie Dimon said on Monday, even as the bank rolled out relief measures for customers and small businesses.
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Safaricom, Vodacom finalise M-Pesa acquisition from Britain's Vodafone

Reuters Business News - Mon, 04/06/2020 - 06:12
Kenya's leading telecom firm Safaricom and South Africa's Vodacom said on Monday that they had completed the acquisition of popular mobile money platform M-Pesa from Britain's Vodafone .
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American joins United, others in suspending more NYC flights on coronavirus spike

Reuters Business News - Mon, 04/06/2020 - 05:54
American Airlines Group Inc said late Sunday it would suspend more flights in and out of New York City's three main airports for about a month, joining other airlines that have cut flights to the area following a spike in coronavirus cases.
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Kia compact vehicles contractor suspends production

Reuters Business News - Mon, 04/06/2020 - 05:46
A South Korean contract manufacturer for Kia Motors' compact vehicles has suspended production, a company official said on Monday, citing a drop in overseas demand as the coronavirus outbreak has spread across Europe.
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JPMorgan announces coronavirus relief package for customers

Reuters Business News - Mon, 04/06/2020 - 05:42
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Monday the bank would extend benefits to customers who have been hurt by the ongoing coronavirus crisis by introducing measures such as waivers for late fees and a 90-day grace period for mortgage and auto loan payments.
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EasyJet founder digs in on battle with management over Airbus order

Reuters Business News - Mon, 04/06/2020 - 05:01
Stelios Haji-Ioannou, easyJet's founder and biggest shareholder, on Monday intensified his battle with the airline's management over a huge aircraft order with Airbus which he says it should cancel.
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Futures jump on hopes of slowdown in coronavirus cases

Reuters Business News - Mon, 04/06/2020 - 04:53
U.S. stock index futures jumped about 4% on Monday after President Donald Trump expressed hope that the coronavirus health crisis in the United States was "leveling-off" in some of the country's hardest-hit areas.
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Britain's BT commits to no job losses over coronavirus

Reuters Business News - Mon, 04/06/2020 - 04:34
The head of Britain's biggest telecoms firm BT said he would donate his salary to health workers for at least six months and award a pay rise to his frontline staff who are maintaining broadband networks during the coronavirus shutdown.
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Lufthansa's Belgian carrier suspends flights until mid-May

Reuters Business News - Mon, 04/06/2020 - 04:18
Belgium's Brussels Airlines, a Lufthansa subsidiary, has extended its suspension of flights until at least May 15, it said on Monday.
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Top Michelin executives agree to pay cuts to help with COVID-19 response

Reuters Business News - Mon, 04/06/2020 - 04:03
French tyre company Michelin said on Monday that its leading executives had agreed to take pay cuts as a gesture of solidarity to help deal with the negative effects of the hit to its business from the COVID-19 outbreak.
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Britain's BT commits to no job losses due to coronavirus crisis

Reuters Business News - Mon, 04/06/2020 - 03:44
Britain's BT on Monday committed to no job losses related to the coronavirus crisis for the foreseeable future.
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HSBC HK shareholders mull legal action over dividend suspension

Reuters Business News - Mon, 04/06/2020 - 03:35
HSBC shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against the bank's decision to scrap dividend payments.
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As Germany reels from coronavirus, some officials debate impact on banks

Reuters Business News - Mon, 04/06/2020 - 03:20
As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will be able to weather the economic fallout of coronavirus without state help.
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Dubai's Emaar suspends construction projects due to virus - sources

Reuters Business News - Mon, 04/06/2020 - 03:14
Emaar Properties , the largest listed developer in the United Arab Emirates, has suspended work on major projects in Dubai, sources familiar with the matter said, as the coronavirus pandemic exacerbates a real estate slowdown in the business hub.
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Take Five: Life in the time of corona

Reuters Business News - Mon, 04/06/2020 - 02:59
The world's biggest economy won't be open for business by Easter, as U.S. President Donald Trump had hoped, but the second biggest economy may come close. How China fares offers a guide to other countries when their coronavirus lockdowns lift.
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Stocks jump on virus slowdown hopes, but oil slips on oversupply

Reuters Business News - Mon, 04/06/2020 - 02:53
Stocks jumped on Monday as investors were encouraged by a slowdown in coronavirus-related deaths and new cases, while oil prices skidded after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive.
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Rolls-Royce scraps targets, dividend on pandemic hit

Reuters Business News - Mon, 04/06/2020 - 02:41
Rolls-Royce is scrapping its targets and final dividend to shore up its finances as the British aero-engine maker's customers around the world ground planes due to the coronavirus pandemic.
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Oil edges down after Saudi Arabia, Russia delay meeting

Reuters Business News - Mon, 04/06/2020 - 02:40
Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus pandemic pummels demand.
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Carmaker PSA secures further 3 billion euros worth of loans

Reuters Business News - Mon, 04/06/2020 - 02:30
French carmaker and Peugeot-owner PSA announced on Monday a further 3 billion euros ($3.3 billion) worth of loans to strengthen its financial position in the wake of the hit to the global automotive industry from the coronavirus crisis.
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BMW sales plunge in first quarter as coronavirus takes toll

Reuters Business News - Mon, 04/06/2020 - 02:15
BMW said on Monday that group sales dropped by 20.6% to 477,111 vehicles in the first quarter as the outbreak of coronavirus took its toll and many retail outlets temporarily closed.
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