Rolls-Royce scraps targets, dividend on pandemic hit
Rolls-Royce is scrapping its targets and final dividend to shore up its finances as the British aero-engine maker’s customers around the world ground planes due to the coronavirus pandemic.
Oil drops on oversupply worries as Saudi Arabia, Russia delay meeting
Oil prices slipped on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could partly alleviate oversupply in global markets as the coronavirus pandemic pummels demand.
Oil slips on oversupply fears, but stocks jump on virus slowdown hopes
Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases.
American joins United, others in suspending more NYC flights on coronavirus spike
American Airlines Group Inc said late Sunday it would suspend more flights in and out of New York City’s three main airports for about a month, joining other airlines that have cut flights to the area following a spike in coronavirus cases.
Oil drops over $1 on oversupply after OPEC+ delays meeting
Oil prices slipped more than $1 a barrel on Monday, after the world’s top producers delayed a meeting to discuss output cuts that could partly alleviate oversupply in global markets as the coronavirus pandemic pummels demand.
Tesla engineers show ventilator prototype on YouTube
Engineers at Tesla Inc showed a prototype for a ventilator on Sunday evening in a video published on the company’s YouTube channel, as hospitals around the country overwhelmed by coronavirus patients face device shortages.
Oil skids on oversupply fears, stocks jump on virus slowdown
Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases.
Wall St. looks for light at end of tunnel, sees risk stocks will re-test lows
Wall Street analysts and investors see a risk that stocks could retest recent lows in the coming days or weeks as they worry about the spread of the virus and its impact on the economy, although some spot glimmers of light at the end of the tunnel.
Oil skids on oversupply fears, U.S. stock futures jump
Oil prices skidded on Monday after Saudi-Russian output discussions showed no immediate signs of progress while U.S. stock futures jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases.
Solid chip sales unlikely to cushion Samsung’s virus-hit first quarter profit
The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened consumer elec…
