IMF says ECB, ESM support key to strong EU coronavirus response
The International Monetary Fund said on Monday the relaxation of the euro zone’s fiscal rules and support from the European Central Bank and the European Stability Mechanism is critical to a strong regional response to the coronavirus pandemic.
Harley-Davidson says investor Impala drops plans for board nominations
Harley-Davidson Inc said on Monday that investor Impala Asset Management no longer planned to nominate two candidates to its board.
Commerzbank cancels its 2019 dividend recommendation
Commerzbank said on Monday that it will not propose a dividend for 2019.
Barclays sets 2050 ‘net zero’ carbon goal after investor pressure
Barclays drew cautious investor support on Monday for setting itself an ambition to reach ‘net zero’ for its own carbon emissions and the activities it finances by 2050.
Johnson & Johnson, U.S. government plan one billion doses of coronavirus vaccine
Johnson & Johnson said on Monday it made a $1 billion deal with the U.S. government to create enough manufacturing capacity for more than 1 billion doses of a vaccine it is testing to fight the new coronavirus that has killed more than 34,000 people around the world.
Wall St. rises at open as investors weigh stimulus against shutdown
U.S. stocks opened higher on Monday as President Donald Trump followed last week’s massive fiscal stimulus by extending his stay-at-home guidelines, leaving investors guessing at their economic impact.
UAE’s flydubai to cut salaries for three months due to coronavirus
United Arab Emirates’ airline flydubai will cut salaries for three months from April due to the impact of the global coronavirus pandemic on its business, a spokeswoman said on Monday.
Lockdown set to stymie Fiat attempt to restart some Italian production
A probable extension of Italy’s lockdown could frustrate an attempt by Fiat Chrysler to resume some vehicle production at three Italian plants next week, a union representative said on Monday.
Facebook commits $100 million to support news media hurt by virus crisis
Facebook Inc on Monday pledged $100 million in financing and advertising spending to support news organizations, including local publishers in the United States, reeling from pressure due to the coronavirus pandemic.
Futures creep higher as U.S. heads for longer shutdown
U.S. stock markets inched higher on Monday as President Donald Trump followed last week’s passage of $2 trillion in stimulus by extending his stay-at-home guidelines until the end of April, leaving investors again guessing at the growing economic impac…
