UK retailer Debenhams enters administration again
British department store group Debenhams went into administration for the second time in 12 months on Thursday, seeking to protect itself from legal action by creditors during the coronavirus crisis that could have pushed it into liquidation.
Global stocks jump on Fed stimulus, hopes pandemic is slowing
Global equity benchmarks gained on Thursday following signs that governments and central banks are taking additional steps to bolster their economies as measures to slow the spread of the COVID-19 pandemic appear to be working.
Factbox: Even big OPEC+ cuts won’t offset oil demand collapse – analysts
OPEC and other major oil producers were due to discuss on Thursday big output cuts in the face of a huge fall in demand due to the coronavirus crisis.
Futures turn higher after Fed stimulus, jobless claims data
U.S. stock index futures turned higher on Thursday after data showed jobless claims fell last week and the Federal Reserve rolled out a broad $2.3 trillion effort to bolster local governments and small and mid-sized businesses.
Fed rolls out $2.3 trillion to backstop “Main Street,” local governments during crisis
The U.S. Federal Reserve on Thursday rolled out a broad, $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest move to keep the U.S. economy intact as the country battles the coronavirus pandemic.
Bloomin’ Brands, Jana Partners agree to nominate two new directors
Bloomin’ Brands Inc and Jana Partners said on Thursday they have agreed to add two new independent directors to the Outback Steakhouse owner’s board, months after the activist hedge fund pushed for changes due to struggling restaurant sales.
U.S. weekly jobless claims top 6 million for second straight week
The number of Americans seeking unemployment benefits in the last three weeks has topped 15 million, as weekly new claims topped 6 million for the second straight time last week as tough measures to control the novel coronavirus outbreak abruptly groun…
Hyundai’s Czech plant set to restart after coronavirus halt
Hyundai Motor Co’s Czech plant plans to restart on April 14 after a three-week production outage as part of efforts to fight the coronavirus, becoming the first of the three major carmakers in the central European country to resume work.
Exclusive: JPMorgan looking to offload Saudi and UAE sovereign fund loans – sources
JPMorgan is seeking to sell at a discount loans raised by the sovereign wealth funds of Saudi Arabia and the United Arab Emirates, according to two sources and a document, as banks brace for a borrowing spree in the Gulf due to low oil prices.
Index Ventures raises $2 billion for early-stage, growth investments
Venture capital firm Index Ventures said on Thursday it had raised $2 billion for early-stage and growth investments, backing entrepreneurs it reckons will lead the way out of the economic slump caused by the coronavirus pandemic.
