Sportswear maker Puma proposes suspending dividend due to virus
German sportswear maker Puma proposed on Friday to suspend its 2019 dividend given the impact of the coronavirus pandemic.
Oil, shares slip as investors doubtful over Saudi-Russia deal
Oil prices shed some of their massive gains on Friday taking stocks in Asia lower, as doubts grew over an oil price deal between Saudi Arabia and Russia that U.S. President Donald Trump said he had brokered.
Sweden’s H&M sees second-quarter loss as pandemic slams March sales
H&M , the world’s second-biggest clothing retailer, reported on Friday a 46% plunge in March sales as the coronavirus pandemic took its toll and said it expected to run a loss in its fiscal second quarter.
British supermarket Sainsbury’s to remove most customer purchasing limits
British supermarket group Sainsbury’s said on Friday it would start to remove the customer purchasing limits it imposed to prevent coronavirus stockpiling as customers start to buy just what they need.
Google releases location data to show if coronavirus lockdowns working in 131 countries
Alphabet Inc’s Google on Thursday published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein in the spread of the novel coronavirus.
Traton sees some order cancellations, can’t rule out job cuts: WiWo
Volkswagen’s Traton commercial truck unit has seen cancellations of orders due to the coronavirus outbreak but these are manageable, its chief told a German magazine in an article published on Friday.
Oil falls on scepticism over Trump’s Saudi-Russia output deal
Oil prices fell on Friday, coming off their biggest one-day gains in the previous session, reflecting market scepticism about a deal U.S. President Donald Trump said he had brokered between Saudi Arabia and Russia to cut output.
Fed’s dilemma: Picking winners for $4 trillion in credit
When the Federal Reserve polled Wall Street about financial stability risks last fall, “global pandemic” didn’t make the list.
Dollar consolidates as hopes for quick recovery evaporate
The dollar edged toward a 2% weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the worsening economic fallout from the coronavirus pandemic.
Mexico stops brewing Corona beer, deemed non-essential in epidemic
Mexico’s Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were declared non-essential under a government order aimed at curbing the spread of the corona…
