Exclusive: India’s Reliance seeks to sell Mideast crude cargoes in rare move
India’s Reliance Industries Ltd is seeking to sell some April-loading crude cargoes in a rare move as it plans to cut crude processing after the coronavirus pandemic hit global fuel demand, four sources said on Friday.
Travelex shuts UK forex bureaus on virus fears, starts funding talks
Foreign exchange company Travelex said on Friday it was shutting its UK bureaus for about eight weeks or more due to the coronavirus pandemic and that it was in talks with its stakeholders for continued access to funds.
Travel slump, sick staff force cash-worried U.S. airports to downsize
With fewer planes flying and more security and traffic control officers testing positive for the coronavirus, airports are closing terminals, concessions and checkpoints, even while trying to retain jobs with the hope of a post-crisis pickup.
Goldman, Morgan Stanley receive approvals for majority stakes in China ventures
Goldman Sachs and Morgan Stanley said on Friday they had received the final regulatory approvals to take majority stakes in their China securities joint ventures, as Beijing continues to open its financial sector to foreigners.
Rolls-Royce to cut UK aerospace site activity for a week over coronavirus
Rolls-Royce will significantly reduce all non-essential activity at its civil aerospace sites in Britain for one week starting from midnight on March 27, due to the coronavirus pandemic, the company said on Friday.
ViacomCBS withdraws forecast as virus delays movie launches, sports events
ViacomCBS Inc on Friday withdrew its forecast for the year as the ongoing coronavirus pandemic and related lockdowns force the media conglomerate to delay movie releases.
ProSieben shares rally after CEO Conze’s departure
Shares in ProSiebenSat.1 Media rallied by 9% on Friday after the abrupt departure of Chief Executive Officer Max Conze ended a drama-filled tenure that unraveled after his deputy denounced a “soap opera” at the German broadcaster.
Wall Street Week Ahead: Fund rebalancing could help buoy stock rebound
Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fueled market drop.
Brazil headed for ‘whatever it takes’ QE as coronavirus crash looms
Brazil’s central bank could soon be forced to fire up the money printing presses if the coronavirus-fueled recession facing Latin America’s largest economy is as devastating as some economists fear.
Oil mixed on stimulus hopes and demands fears
Oil prices were mixed on Friday as the market weighed the potential benefits of stimulus efforts by policymakers around the world against the demand destruction caused by fallout from the rapid spread of the coronavirus.
