NYSE eases listing requirements amid coronavirus market mayhem
The New York Stock Exchange has eased its listing requirements until the end of June to take the strain off companies that may have fallen out of compliance due to the market rout spurred by the coronavirus, according to a regulatory filing.
With hospitals stressed, U.S. enters ‘peak death week’ in coronavirus crisis
The United States entered what an official called the “peak death week” of the coronavirus on Monday while a watchdog report said hospitals were struggling to maintain and expand capacity to care for infected patients.
S&P 500 set to recoup $1 trillion in value as virus deaths slow
The S&P 500 was on track to recoup about $1 trillion in market value in a frantic rally on Monday after New York, the biggest U.S. coronavirus hot spot, reported a fall in daily deaths, raising hopes that the pandemic could level-off soon.
Exclusive: Qatar Petroleum not scaling down LNG expansion despite delay in bids – CEO
Qatar Petroleum will postpone the start of production from its new gas facilities to 2025 due to a delay in the bidding process, but is not downsizing the world’s largest liquefied natural gas project despite concerns of a mounting glut, its chief exec…
Alaska air carrier RavnAir files for bankruptcy as U.S. Treasury mulls grants
RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy Sunday and grounded all of its 72 planes as it waits on a decision from U.S. Treasury for government assistance.
Oil falls after Saudi Arabia, Russia delay meeting, Cushing stockpiles soar
Oil prices slumped on Monday, pulling back from last week’s gains after Saudi Arabia and Russia delayed a meeting of oil producers aimed at resolving growing worldwide oversupply as the coronavirus pandemic pummels demand.
Luckin Coffee chairman defaults on loan, surrenders company shares
Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders after a company controlled by Lu’s family defaulted on a $518 million margin loan, one of the bank…
Michael Kors owner Capri furloughs all North America store staff
Michael Kors owner Capri Holdings Ltd said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as it expects to open its stores only after June 1.
White House considering U.S. Treasury coronavirus bond: Kudlow
White House advisers have been discussing the possibility of a coronavirus-related U.S. Treasury bond, President Donald Trump’s economic adviser Larry Kudlow said on Monday.
Stocks jump as COVID deaths slow; oil falls on OPEC+ delay
World stock markets jumped on Monday, encouraged by a slowdown in coronavirus-related deaths and new cases in some of the world’s hot spots, while a delay in talks between Saudi Arabia and Russia to cut supply sent oil prices tumbling again.
