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U.S. stock futures resume coronavirus rout as trading resumes
U.S. stock index futures tumbled when trading reopened on Sunday night with investors still unnerved by coronavirus and taking little solace from weekend comments by U.S. officials that aimed to soothe panic about a pandemic.
Categories: Reuters
American Airlines waives change fees as United braces for new flight cancellations
American Airlines Group Inc said on Sunday it was waiving change fees on all newly purchased tickets amid declining air travel demand because of the new coronavirus outbreak.
Categories: Reuters
U.S. bank lobby economist predicts global rate cut coming ... this Wednesday
Investors battered by the breathtaking drop in global stock markets on coronavirus fears are ever more convinced the world's big central banks, including the Federal Reserve, will soon step in to try to quell the storm.
Categories: Reuters
Canada and indigenous group reach tentative deal in dispute that led to road, rail blockades
Canadian authorities on Sunday reached a tentative deal with an indigenous group in the Pacific province of British Columbia that could end solidarity protests across Canada that have been blocking rail lines and roads for weeks.
Categories: Reuters
Britain vows to drive hard bargain in U.S. trade talks
British Prime Minister Boris Johnson warned he would drive a hard bargain with the United States in upcoming trade talks as the government sets out its negotiating position on Monday.
Categories: Reuters
United Airlines CEO says it 'likely' it will need to cut additional flights
United Airlines Chief Executive Oscar Munoz told employees the U.S. airline would likely need to cut additional flights in the wake of sagging demand because of the coronavirus outbreak, the airline confirmed on Sunday.
Categories: Reuters
Exclusive: Norway wealth fund could blacklist four major climate culprits
Norway's $1 trillion wealth fund will exclude four companies for their vast emissions of greenhouse gases, or at least put them on probation to force them to change, the chairman of its ethics watchdog told Reuters.
Categories: Reuters
Advent-led consortium to spend 'billions' on expanding Thyssenkrupp Elevator
The consortium that won the bid to acquire Thyssenkrupp's elevators division wants to spend billions of euros on expanding the business, a manager at one of three partners said in remarks published on Sunday.
Categories: Reuters
Citgo, Aruba reach deal to transfer control of refinery to island government
U.S. refiner Citgo has reached an agreement with Aruba to transfer control of the San Nicolas refinery to the island's government, Citgo said late on Saturday, after the two parties last year suspended a contract to overhaul the facility.
Categories: Reuters
Saudi Aramco shares hit lowest since IPO, down over 2%
Shares of Saudi Aramco hit 32.50 riyals ($8.66) in intraday trade on Sunday, the lowest since it began trading in December following a record initial public offering, as oil prices plunged amid worries about the global spread of the coronavirus.
Categories: Reuters
American Airlines suspending flights to Milan after U.S. travel warning
American Airlines Inc will suspend all U.S. flights to Milan, the airline said late on Saturday, just hours after the U.S. State Department said it was raising its travel warning for parts of Italy due to the coronavirus outbreak.
Categories: Reuters
Venezuela revamps PDVSA leadership after Maduro launches restructuring
Venezuela has named new vice presidents for four units of state oil company PDVSA, as well as a new president for the unit that handles joint ventures with private oil companies, PDVSA said on Saturday.
Categories: Reuters
Wall Street Weekahead: Main Street leans toward Sanders, but Wall Street says Trump
Vermont Senator Bernie Sanders may be surging in the polls ahead of Super Tuesday, but some on Wall Street have made their own conclusions on what November will bring: four more years of President Donald Trump.
Categories: Reuters
Toyota plans new $1.2 billion EV plant in Tianjin with FAW: document
Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group, a document from the local authorities showed.
Categories: Reuters
Elliott targets Twitter, seeking CEO Dorsey's removal: sources
Hedge fund Elliott Management Corp has amassed a stake in Twitter Inc and is pushing for changes, including removal of the social media company's chief executive, Jack Dorsey, two people familiar with the matter said on Friday.
Categories: Reuters
USTR vows to push for trade deals with Britain, EU; seeks reforms at WTO
The Trump administration on Friday said it would focus on concluding new trade agreements with Britain, the European Union and Kenya over the coming year, while strictly enforcing trade laws and pushing for reforms of the World Trade Organization.
Categories: Reuters
Harley-Davidson looks for new leadership to end its sales struggle
Harley-Davidson Inc on Friday named a board member hailed for turning around the Puma brand's near-bankrupt business as its interim chief as the motorcycle maker gropes for an effective strategy to woo young customers and revive sales.
Categories: Reuters
Elliott built a stake in Twitter, is pushing for changes: sources
Activist hedge fund Elliott Management, which often pushes technology companies to improve operations, has built a stake in Twitter Inc and is pushing for changes, including removing the chief executive officer, two people familiar with the matter said on Friday.
Categories: Reuters
UBS CEO's pay slips to $1 million a month as Swiss bank's top bosses pocket $113 million
UBS Chief Executive Sergio Ermotti, one of Europe's best paid bankers, earned 12.5 million francs in 2019, down from 14.1 million in 2018 after the bank was hit with a multi-billion-euro court case and it missed earnings goals.
Categories: Reuters
Sanofi to pay $11.9 million to resolve U.S. drug charity kickback probe
Sanofi SA has agreed to pay $11.85 million to resolve U.S. allegations that it used a charity that helps cover Medicare patients' out-of-pocket drug costs as a means to pay them kickbacks to use a high-priced multiple sclerosis drug.
Categories: Reuters