(Reuters) – Boeing Co (BA.N) is planning a full drawdown of a $13.8 billion loan as early as Friday, as the U.S. based plane-maker struggles with worldwide travel disruptions from the coronavirus, Bloomberg reported on
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UAE joins Saudi in opening oil taps as row with Russia slams crude prices
DUBAI (Reuters) – The United Arab Emirates followed Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two OPEC producers raised the stakes in a standoff
Read moreTelefonica, TIM plan joint bid for Oi's mobile business in Brazil
BRASILIA (Reuters) – Shares in Telefonica Brasil SA (VIVT4.SA) and TIM Participações SA (TIMP3.SA) rose in the morning trading as both companies said they are planning a joint offer to buy the mobile unit of
Read moreStock rebound runs out of steam despite emergency BoE cut
LONDON (Reuters) – The rebound in stocks ran out of steam on Wednesday despite the Bank of England joining other central banks in cutting interest rates, as investors weighed up whether coordinated monetary and fiscal
Read moreExplainer: Coronavirus fears hit the market hard. How much did ordinary Americans lose?
NEW YORK (Reuters) – The deep declines in the U.S. stock market over the last three weeks has left a dent in retirement portfolios and brokerage accounts, costing on average each person in the United
Read moreAdidas sees $1.1 billion coronavirus hit to China sales, Puma warns on profit
BERLIN (Reuters) – German sportswear makers Adidas (ADSGn.DE) and Puma (PUMG.DE) warned on Wednesday of a major decline in sales in China due to the coronavirus and said while there were early signs of improvement
Read moreOil falls $1 as price war escalates with Saudi plan for higher output capacity
LONDON (Reuters) – Oil prices fell on Wednesday, giving up earlier gains, pressured by Saudi Arabia’s plans to boost oil production capacity for the first time in more than a decade and weakened demand due
Read moreCoronavirus wipes $70 billion off global listed airlines
LONDON (Reuters) – The rapid spread of coronavirus has wiped almost a third – or $70 billion – off the world’s top 20 listed airlines and reshuffled global rankings, elevating Air China into third place
Read moreSpread of virus drives Corporate America into cyberspace for annual meetings
(Reuters) – More U.S. companies are moving their annual shareholder meetings online to help contain the spread of coronavirus, raising concerns among corporate democracy advocates about investors losing access to top executives and board directors.
Read moreU.S. airlines ditch 2020 forecasts, slash flights and costs on virus hit
(Reuters) – Leading U.S. airlines American (AAL.O) and Delta (DAL.N) suspended 2020 financial forecasts on Tuesday and took drastic further measures to combat the impact of the coronavirus, while United (UAL.O) announced a capital raising
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