Cineworld closes all its cinemas due to coronavirus pandemic
British cinema operator Cineworld said on Tuesday it has shut all its 787 cinemas across 10 countries due to the coronavirus pandemic and that it was in talks with its lenders for ongoing liquidity requirements.
Asian shares cautiously gain on hopes virus is slowing, dollar slips
Asian stock markets rallied for a second day on Tuesday and riskier currencies rose, on tentative signs the coronavirus crisis may be levelling off in New York and receding in Europe.
As coronavirus hits tourism, Wizz Air finds new role
Hungarian low-cost airline Wizz Air is repatriating citizens and transporting medical equipment for east European governments, in a move coupling one-off charter traffic with savvy government relations amid the coronavirus crisis.
France’s ADP loses 3 million euros a day in sales due to coronavirus – CEO
French airports operator ADP is losing more than 3 million euros ($3.25 million) in sales a day due to the coronavirus crisis, Chief Executive Augustin de Romanet said on Tuesday.
Cineworld closes all cinemas in 10 countries due to coronavirus
British cinema operator Cineworld said on Tuesday all its 787 cinemas across 10 countries have been shut due to the coronavirus pandemic and that it was in talks with its lenders for ongoing liquidity requirements.
Asian companies pose lower dividend risk due to stronger finances
Asian firms appear better equipped to pay stable dividends compared with their western counterparts that are constrained by highly levered balance-sheets and a need to preserve cash during the coronavirus outbreak.
Employees worried about Valero response to virus cases at Texas refinery: sources
Employees at Valero Energy Corp’s Port Arthur, Texas, refinery expressed worries about the company’s slow response to keep the coronavirus from spreading there after two workers tested positive, four people familiar with the matter said.
Oil rises 3% on hopes for output cut as coronavirus ravages demand
Oil prices gained on Tuesday as hopes rose that the world’s biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global recession may be deeper than expected.
France’s Thales withdraws final dividend, suspends outlook
France’s Thales on Tuesday became the latest major company to slash its dividend, suspend profit guidance and top up liquidity in response to the coronavirus crisis.
China’s Ucar, in which Luckin chairman is top shareholder, halts shares
China’s Ucar Inc, in which Luckin Coffee Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday after regulators questioned the car service provider about how the alleged fraud at Luckin would impact it.
