Coronavirus crisis a window of opportunity for bankers to the rich
When markets slumped in March as the spread of coronavirus gathered pace, wealth managers’ trading volumes soared as ultra rich clients reshuffled their portfolios.
Thyssenkrupp, union call for further consolidation in warship sector
Thyssenkrupp and Germany’s largest union IG Metall on Thursday called for further consolidation of the country’s warship sector, saying a tie-up of rivals Luerssen and German Naval Yards (GNYK) did not go far enough.
Fiat Chrysler/Peugeot deal in spotlight after Exor setbacks
Fiat Chrysler’s decision to scrap its dividend marks another setback for plans by the Agnelli family’s Exor arm to raise cash after a $9 billion sale of its reinsurer unit PartnerRe collapsed this week.
IAG’s Walsh says Britain is throttling a travel recovery
Britain’s quarantine plans and a minister’s comment that big foreign holidays were unlikely this year are seriously hindering any travel recovery, said Willie Walsh the boss of British Airways parent company IAG .
Uber offer for Grubhub fans worries over delivery fees charged to restaurants
The possibility that Uber Technologies Inc , which runs Uber Eats, could acquire Grubhub Inc is reigniting some restaurants’ worries over the commissions charged to eateries by the third-party delivery companies.
Futures dip on fears of prolonged economic downturn
U.S. stock index futures edged lower on Thursday following two sessions of sharp declines, as investors worried that the current economic downturn maybe be here for longer than initially presumed.
Trump says he’s very disappointed in China-Fox Business Network
U.S. President Donald Trump on Thursday said he was very disappointed in China after the novel coronavirus broke out soon after the two countries agreed on a Phase 1 trade deal.
JPMorgan’s U.S. credit card holders spent 40% less due to coronavirus
Credit card spending among some of JP Morgan Chase & Co’s U.S. customers fell 40% during March and early April compared to last year, as Americans stayed home to protect against the novel coronavirus, according to a new report on Thursday.
Tesla starts building Long Range Model 3 cars at China plant
U.S. electric vehicle maker Tesla Inc said on Thursday it had started producing Long Range Model 3 vehicles in its Shanghai factory and aimed to deliver them to customers soon.
Stocks drop for third day as recovery hopes falter
World stock markets fell for a third day running on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away and signals that top central banks may have hit the bottom with interest rates.
