Fed mulls firmer rate guidance, adding dates or goals, minutes show
Federal Reserve policymakers last month opened a broad debate over what they can and should to do to boost the effectiveness of their monetary policy tools amid the coronavirus pandemic and beyond, a detailed summary of their most recent policy-setting…
Volkswagen admits car ad racist, apologizes
Volkswagen withdrew on Wednesday an advert posted on its official Instagram page for its Golf cars that it admitted was racist and insulting, saying it would investigate how it came about and draw consequences.
Air France axes A380, Emirates seen cutting deliveries
The world’s largest airliner, the Airbus A380, took a step closer to the aviation archives on Wednesday as Air France said it would permanently axe its grounded fleet and sources said Emirates was in talks to reduce remaining deliveries.
FCA-PSA deal terms ‘set in stone’ for 50-50 merger
Terms of a planned merger between Fiat Chrysler and Peugeot-owner PSA are set in stone, FCA’s chairman said on Wednesday, brushing off talk that some aspects of the deal might be re-negotiated because of the COVID-19 crisis.
Apollo Global invests $1.75 billion in U.S. supermarket operator Albertsons
Buyout firm Apollo Global Management said on Wednesday it has invested $1.75 billion in Albertsons Companies Inc, a sign of confidence in the debt-laden U.S. supermarket operator whose fortunes have picked up in the coronavirus outbreak.
Trump administration abruptly postpones New Mexico oil and gas auction
The Trump administration abruptly postponed an auction of oil and gas leases in New Mexico that had been scheduled to begin on Wednesday morning without providing a reason for the move.
BlackRock willing to lower ask on Argentine restructuring counter to 50-55 cents: source
BlackRock Inc is willing to drop the ask in a debt restructuring proposal to the Argentine government to between 50-55 cents on the dollar and had made the suggestion to its creditor committee, a source familiar with the group’s discussions said.
Zalando proposes Rent The Runway CEO to join board
German online fashion retailer Zalando proposed on Wednesday that Jennifer Hyman, the chief executive of U.S. clothing rental firm Rent the Runway, joins its supervisory board, replacing Alexander Samwer.
Canada recommends masks, says emergency loans have no cap but many limits
There will be no cap on the size of Canada’s emergency loans to large companies harmed by the coronavirus pandemic but there will be multiple restrictions, the government said on Wednesday, as it recommended wearing masks in public for the first time.
U.S. workplace safety agency steps up COVID-19 inspections
The U.S. Labor Department will expand inspections of businesses to reduce job-site hazards related to the new coronavirus as employees begin returning to work across the country, although the policy falls short of demands by worker advocates.
