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Instacart, Amazon workers strike as labor unrest grows during coronavirus crisis

Reuters Business News - Mon, 03/30/2020 - 23:19
Warehouse, delivery and retail gig workers in the United States went on strike on Monday to call attention to safety and wage concerns for people laboring through the coronavirus crisis.
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Factbox: Coronavirus cases reported at 19 of Amazon's U.S. warehouses

Reuters Business News - Mon, 03/30/2020 - 23:19
Amazon.com Inc is at the front line of responding to outbreaks of the novel coronavirus in the United States, delivering essential goods while more than half the population faces government stay-at-home orders.
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Oil rebounds from 18-year lows after U.S., Russia agree to talks

Reuters Business News - Mon, 03/30/2020 - 23:16
Oil recovered ground on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks to stabilize energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide.
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China factory activity unexpectedly expands, but economy unable to shake off virus shock

Reuters Business News - Mon, 03/30/2020 - 23:03
Factory activity in China unexpectedly expanded in March from a collapse the month before, but analysts caution that a durable near-term recovery is far from assured as the global coronavirus crisis knocks foreign demand and threatens a steep economic slump.
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Airlines must suggest possible U.S. compensation for grants: Treasury

Reuters Business News - Mon, 03/30/2020 - 22:42
Airlines must suggest possible compensation in return for government cash assistance and agree to conditions that include not cutting pay or laying off employees through Sept. 30, the U.S. Treasury Department said in guidelines issued on Monday as it prepares to quickly hand out $25 billion.
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Coronavirus could force GM to delay its redesigned 2021 SUVs

Reuters Business News - Mon, 03/30/2020 - 21:52
General Motors told suppliers on Monday it is postponing work on at least half a dozen future models to conserve cash during the coronavirus pandemic and suggested it could delay the planned launch in late April of its highly profitable large sport utility vehicles.
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Asia shares edge up, China factories show flicker of life

Reuters Business News - Mon, 03/30/2020 - 21:26
Asian shares managed a tentative rally on Tuesday as factory data from China held out the hope of a rebound in activity even as other countries across the globe all but shut down.
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China March factory activity unexpectedly expands, but outlook still grim

Reuters Business News - Mon, 03/30/2020 - 21:25
Factory activity in China unexpectedly expanded in March after contracting sharply to a record low, but the rapid global spread of the coronavirus is expected to keep businesses and the overall economy under heavy pressure as foreign demand slumps.
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Dollar up, but yuan sluggish as traders skeptical of China PMI bounce

Reuters Business News - Mon, 03/30/2020 - 21:21
The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating.
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Airlines plan furloughs; Air New Zealand sees smaller carrier in a year

Reuters Business News - Mon, 03/30/2020 - 21:17
Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand on Tuesday warning it expected staffing levels to be 30% lower than it is now, due to the coronavirus pandemic.
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KFC owner Yum Brands breaks junk debt market's four-week fast

Reuters Business News - Mon, 03/30/2020 - 21:15
Yum Brands Inc , owner of Pizza Hut, KFC and Taco Bell restaurant chains, sold $600 million in bonds on Monday, reopening the U.S. market for junk-rated debt issues after its longest lull since the 2008 financial crisis.
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Virgin Australia seeking government loan to weather coronavirus crisis

Reuters Business News - Mon, 03/30/2020 - 20:55
Virgin Australia Holdings Ltd said on Tuesday it is seeking a government loan of A$1.4 billion ($862.68 million) and exploring other options to get through the coronavirus crisis.
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U.S. Air Force finds additional deficiency in Boeing's aerial fuel system

Reuters Business News - Mon, 03/30/2020 - 20:31
The U.S. Air Force announced on Monday an additional deficiency in the KC-46 Pegasus aerial fuel system built by Boeing , classifying it at the Category I level, meaning it is a major technical issue that may endanger the aircrew and aircraft.
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Amazon's FBA service waiving two weeks of March storage fees: email

Reuters Business News - Mon, 03/30/2020 - 20:07
Amazon.com Inc's Fulfillment by Amazon (FBA) service will waive two weeks of storage fees in March, according to an email seen by Reuters.
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Crude rises after U.S., Russia agree to oil market talks

Reuters Business News - Mon, 03/30/2020 - 20:00
Oil recovered some ground on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin agreed to discuss stabilizing energy markets, but prices remain near 18-year lows as the coronavirus shutdown destroys demand.
Categories: Reuters

Dollar gains on Japanese demand before fiscal year end, pandemic weighs on mood

Reuters Business News - Mon, 03/30/2020 - 19:48
The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating.
Categories: Reuters

Asia shares make cautious gains, investors eye China PMI

Reuters Business News - Mon, 03/30/2020 - 19:45
Asian share markets managed a tentative rally on Tuesday after European and U.S. equities stabilized, though buying for month and quarter-end book balancing likely flattered the gains.
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Samsung says chip factory worker tests positive for virus, output not affected

Reuters Business News - Mon, 03/30/2020 - 19:37
Samsung Electronics Co Ltd said on Tuesday that one of its chip factory workers in South Korea had tested positive for coronavirus, but its output has not been affected.
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U.S. senators urge coronavirus delay to June 1 USMCA trade deal start date

Reuters Business News - Mon, 03/30/2020 - 19:30
A bipartisan group of 19 U.S. senators urged the Trump administration to push back the planned June 1 start date for the new U.S.-Mexico-Canada trade pact, saying the short lead time would add to pressures on U.S. companies due to the spread of the coronavirus.
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Activist investor Starboard says it has 9.3% stake in software firm Commvault

Reuters Business News - Mon, 03/30/2020 - 18:46
Activist investor Starboard Value LP has built a stake in U.S. data protection and data management software company Commvault, saying in a regulatory filing that it felt the shares were undervalued when it purchased them.
Categories: Reuters
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