Norwegian Air to overhaul its strategy in wake of pandemic: bondholder
Norwegian Air , which is seeking creditor support for its rescue plan, has told bondholders it will overhaul its strategy in the wake of the coronavirus pandemic, according to an investor who took part in a briefing by the airline on Friday.
Uniper installs new directors at Fortum’s request
Uniper announced on Friday the appointment of new directors following the resignation of a raft of supervisory board members earlier this month, after Finland’s Fortum secured a 69.6% stake in the German energy group.
Ford to issue debt securities after virus triggers $2 billion loss
Ford Motor Co said on Friday it would tap debt markets to shore up its cash reserves as the coronavirus outbreak pummeled vehicles sales and halted production, resulting in an estimated loss of about $2 billion for the first quarter.
GM dispatches first batch of ventilators for COVID-19 patients
General Motors said on Friday it had started delivering the first batch of 54 ventilators to U.S. hospitals treating severely ill COVID-19 patients.
NYSE and Nasdaq challenger MEMX delays launch due to coronavirus crisis
The Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through lower fees, said on Friday it delayed its planned launch date due to the coronavirus crisis.
Gilead’s shares rise on report of experimental drug’s promise in COVID-19
Shares of Gilead Sciences Inc rose 8% on Friday after a report that patients with COVID-19 treated with the company’s experimental drug, remdesivir, in a clinical trial showed rapid recovery in fever and respiratory symptoms.
Nigeria’s oil hub quarantines 22 Exxon Mobil workers: governor
Nigeria’s Rivers State has quarantined 22 Exxon Mobil Corp. employees for violating an order introduced last month restricting movement into the state to curb the spread of the coronavirus, its governor said on Friday.
Half of announced North American oil cuts come from just three companies
Numerous U.S. and Canadian oil companies have said they are reducing output in 2020, but a Reuters analysis of the announcements so far show that just three companies – Chevron Corp , ConocoPhillips and Occidental Petroleum Corp – account for more th…
NY Fed markets head says ‘time is of the essence’ in establishing new lending facilities
The Federal Reserve responded rapidly to stem losses from a “synchronized global sell-off” to help markets function as investors fled to safety on worries about the coronavirus outbreak, a senior official at the New York Fed said on Friday.
Motor maker Weg emerges as battered Brazil stock market’s champion
In a bleak year that has seen Brazil’s Bovespa slump to the worst performance of any major world stock market amid a coronavirus-linked retreat from risk, electric motor maker Weg SA has been the index’s improbable champion.
