Airbus, Boeing delay delivering some jets: Air France-KLM CEO
Planemakers Airbus and Boeing have asked Air France to delay taking some wide-body jets after a slowdown in manufacturing caused by the coronavirus crisis, the head of parent Air France-KLM told Reuters.
Asia stocks get China trade relief, U.S. bonds face debt deluge
Asian shares pared early losses on Thursday after Chinese exports proved far stronger than even bulls had imagined, while U.S. bond investors were still daunted by the staggering amount of new debt set to be sold in coming weeks.
AB InBev sees ‘materially worse’ second quarter after first-quarter profit drop
Anheuser-Busch InBev , the world’s largest beer maker, reported a decline in profit in the first quarter as coronavirus restrictions curbed drinking and said the second quarter would be “materially worse”.
U.S. unemployment rolls seen swelling as coronavirus restrictions bite
Millions more Americans likely sought unemployment benefits last week, suggesting a broadening of layoffs from consumer facing industries to other segments of the economy and could remain elevated even as many parts of the country start to reopen.
Samsung heir’s apology fans skepticism as watchdog panel meets
Samsung Group heir Jay Y. Lee’s vow to end dynastic succession at South Korea’s biggest conglomerate following three generations of Lee family control sparked skepticism on Thursday.
Asia stocks relieved by China export surprise, U.S. bonds face debt flood
Asian shares pared early losses on Thursday after Chinese exports proved far stronger than even bulls had imagined, while U.S. bond investors were still daunted by the staggering amount of new debt set to be sold in coming weeks.
Liberty Global, Telefónica agree 24 billion pound deal to merge UK groups: FT
The British units of Liberty Global Plc and Telefónica SA will merge in a deal worth 24 billion pounds ($29.57 billion), the Financial Times reported https://www.ft.com/content/2b73a385-7218-47dc-83bf-18e6e3d5f8f4 on Thursday.
Smithfield Foods to restart South Dakota pork plant from May 7
Smithfield Foods Inc will restart its plant in Sioux Falls, South Dakota from May 7 after being idled for more than three weeks due to the coronavirus outbreak, the world’s biggest pork processor said late on Wednesday.
Frontier Airlines rescinds empty middle seat charge after lawmaker pressure
U.S. budget carrier Frontier Airlines withdrew on Wednesday a “More Room” policy that would have given passengers the option of paying extra to keep the middle seat empty on flights after a backlash from politicians, according to a letter to lawmakers …
Ford’s China ventures saw sales growth in April as market rebounds
U.S. automaker Ford Motor Co’s two ventures in China have reported year-on-year sales growth for April, indicating the world’s biggest auto market has started its recovery from coronavirus-induced lows.
