United Airlines to raise $2.25 billion through bond offering
United Airlines Holdings Inc said it plans to raise $2.25 billion through a bond offering as it grapples with a slump in air travel demand due to government-mandated lockdowns across the world.
Fed’s Bullard: Drop in U.S. payrolls ‘not a surprise’ given shutdowns – CNBC
The massive drop in U.S. private payrolls for April, reported on Wednesday, is “not a surprise” but employment could recover dramatically in the second half of the year if the coronavirus pandemic is controlled, St. Louis Federal Reserve president Jame…
U.S. private payrolls plunge by a record 20.2 million in April
U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last month.
U.S. drafts rule to allow Huawei and U.S. firms to work together on 5G standards: sources
The U.S. Department of Commerce is close to signing off on a new rule that would allow U.S. companies to work with China’s Huawei Technologies on setting standards for next generation 5G networks, people familiar with the matter said.
GM sets May 18 North American restart as profit tops estimates
General Motors Co on Wednesday outlined plans for a May 18 restart of most of its North American plants shut down by the coronavirus pandemic as it reported a stronger than expected quarterly profit, sending its shares up 5.3%.
As central banks break the junk debt barrier, investors will follow
May 6 (Reuters)- Recent central bank bond-buying to calm market turmoil has breached the wall dividing top-grade debt from so-called junk-rated issues, raising the likelihood of the investment industry and even regulators eventually dismantling the bar…
UK watchdog clears Shell’s ‘drive carbon neutral’ ad on petrol pumps
Britain’s advertising watchdog has ruled Royal Dutch Shell’s ad campaign on petrol pumps promising customers they can “drive carbon neutral” is acceptable, following complaints.
Abercrombie & Fitch begins store reopenings as lockdowns ease
Abercrombie & Fitch Co has begun reopening stores in parts of the world where lockdown restrictions have eased, the company said on Wednesday, as more retailers chart out paths to recovery after the COVID-19 pandemic upended businesses.
China’s Alibaba launches ‘outlet’ platform to shift luxury overstock
Chinese e-commerce giant Alibaba Group Holding Ltd has launched a new luxury platform targeting younger consumers that also aims to help high-end brands shed excess inventory built up during the global coronavirus lockdown.
StanChart chairman predicts economic recovery led by Asia in late 2020
Standard Chartered Chairman Jose Vinals said on Wednesday his Asia-focused bank was well placed to benefit from a late 2020 economic rally, despite the “extraordinary” impact of the COVID-19 pandemic on the global economy.
