Exclusive: Airbus puts six jets made for AirAsia up for sale as crisis deepens
Airbus has put six jets made for one of its largest customers up for sale after giving up on Malaysia’s AirAsia taking delivery of them, sources familiar with the matter told Reuters.
Chicago Fed economic index takes recessionary plunge in March
A Chicago Federal Reserve measure of the national economy plunged to recessionary levels in March as the country responded to the coronavirus pandemic, a broad and swift turnaround from growth that had been well above trend just weeks before.
Halliburton books $1.1 billion charge in low price outlook
U.S. oilfield services giant Halliburton on Monday reported a $1 billion first-quarter loss on charges and warned that bleak conditions in the U.S. shale patch would depress its results for the rest of the year.
Futures pinned as oil price slump hammers energy stocks
U.S. stock index futures fell on Monday as a slump in oil prices pounded energy stocks, with investors also bracing for another batch of dour first-quarter earnings reports and economic data.
United Airlines sees first-quarter loss of $2.1 billion
United Airlines said on Monday it expects to report a pretax loss of about $2.1 billion in the first quarter, hurt by a sharp drop in travel demand from the coronavirus pandemic.
Norwegian says 4,700 jobs at risk after unit bankruptcies, contracts axed
Norwegian Air on Monday reported that four Swedish and Danish subsidiaries had filed for bankruptcy and that it had ended staffing contracts in Europe and the United States, putting some 4,700 jobs at risk.
Virgin Australia poised to enter voluntary administration: sources
Virgin Australia is poised to enter voluntary administration, two sources close to the matter said on Monday, with the cash-strapped airline unable to weather the coronavirus crisis because of its A$5 billion ($3.2 billion) of debt.
U.S. crude gets crushed, share markets turn cautious
Caution recaptured world markets on Monday as a near 30% drubbing for U.S. WTI crude oil kicked off a busy week of data and earnings that will drive home the damage being inflicted by global coronavirus lockdowns.
Exclusive: India foreign investment rules aimed at China to include Hong Kong – sources
New Indian rules to ensure scrutiny of investments from companies based in neighbouring countries, especially during the coronavirus outbreak, will also apply to Hong Kong, two senior government sources told Reuters on Monday.
KFC to sell plant-based fried chicken made by Cargill in China
Yum China’s KFC fast food chain will begin selling plant-based fried chicken for the first time in China over a limited time period, it said on Monday.
