Wall Street gains as U.S. states set to reopen
U.S. stock markets opened higher on Monday as more states prepared to ease the coronavirus-induced curbs and investors awaited quarterly earnings reports from marquee companies including Apple and Microsoft later this week.
Thai Airways to press ahead with maintenance facility after Airbus withdraws
State-owned Thai Airways International Pcl will press on with a project to build a $339 million maintenance facility east of Bangkok after partner Airbus dropped out due to the coronavirus outbreak, a senior official said on Monday.
Brazil’s Embraer files arbitration proceedings against Boeing after deal collapse
Brazil’s Embraer SA has already begun an arbitration process against Boeing Co , its CEO said on Monday, after the U.S. planemaker canceled a $4.2 billion deal overnight.
Futures gain as more states prepare to ease lockdown
U.S. stock index futures rose on Monday as more states looked set to lift coronavirus-induced curbs, and investors awaited earnings reports from marquee companies including Apple and Microsoft due this week.
Oil prices resume slide on oversupply and storage concerns
Oil prices slumped again on Monday on concerns over scarce storage capacity, especially in the United States, and global economic doldrums from the coronavirus pandemic.
GM suspends dividend, share buybacks as coronavirus hits sales
General Motors Co said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks to save cash in the face of the coronavirus crisis that has severely hurt global automobile sales.
EasyJet’s battle with founder heads for May 22 showdown
EasyJet’s battle with its founder and biggest shareholder Stelios Haji-Ioannou will come to a head on May 22, when the results of an investor vote on the airline’s strategy to stick with a plan to buy more planes will be made public.
Volkswagen re-starts Europe’s largest car factory after coronavirus shutdown
VW the world’s largest carmaker by sales, resumed work at its biggest factory in Wolfsburg, Germany, on Monday even as inventory levels across the industry continue to build up as the coronavirus pandemic saps demand.
Norway now in formal talks with Thyssenkrupp over new submarines
Norway has started formal talks with the shipbuilding division of Thyssenkrupp for the construction of new submarines and expects to conclude the negotiations this year, the Norwegian defence ministry said on Monday.
Shares jump as investors cheer lockdown easing, more stimulus
Stock markets rallied on Monday as investors cheered news more countries were easing lockdowns and the Bank of Japan expanded stimulus to cushion the impact of the coronavirus, though the oil price took another tumble with storage running out.
