First UK-listed firms edge towards BoE loan scheme
A handful of large British companies had emerged on Wednesday as likely candidates for the government’s emergency lending scheme aimed at helping them tide over the coronavirus shutdowns afflicting many of the world’s biggest economies.
For ECB, coronabonds could be shield against legal challenges
European Central Bank President Christine Lagarde has a concrete reason for putting pressure on euro zone governments to finance the fight against coronavirus with joint debt — avoiding trouble with the courts.
Eni cuts 2020, 2021 capex to mitigate Coronavirus hit
Italian oil and gas group Eni said on Wednesday it would reduce its capital expenditure this year by around 2 billion euros ($2.17 billion) to mitigate the impact from falling commodity prices following the coronavirus emergency.
Coronavirus slowdown starts to rival Fed’s doomsday bank stress test scenario
The unfolding market shock and economic crisis wrought by the coronavirus disruption is shaping up to be a nightmare for the Federal Reserve – literally.
Volkswagen expects to resume car production in summer: FAZ
Volkswagen expects to resume car production in Germany in the summer after the auto maker was forced to suspend output due to the coronavirus pandemic, an executive told a newspaper on Wednesday.
Stocks rebound further as markets await $2 trillion U.S. stimulus boost
The dollar slid and global equity markets marched higher on Wednesday for a second day of gains, on optimism $2 trillion in U.S. fiscal stimulus will dampen the economic shock the coronavirus pandemic has started to inflict.U.S. senators will vote Wedn…
U.S. core capital goods orders point to worsening business investment downturn
New orders for key U.S.-made capital goods fell sharply in February as demand for machinery and other products slumped, suggesting a deepening contraction in business investment that analysts said signaled the economy was already in recession.
U.S. Senate bill grants aviation sector big bailout: Republican senator
A compromise $2 trillion economic rescue package set to be voted on by the U.S. Senate on Wednesday will include $25 billion for airlines in cash grants, a badly needed lifeline for an industry facing the worst travel downturn in history.
UK PM Johnson says talks continue over support for airlines
Britain is continuing talks with the aviation industry about how best to support the sector, Prime Minister Boris Johnson and a pilots’ union said on Wednesday, reviving the prospect of a sector-specific support package that had seemed to be on hold.
Occidental to add three of Icahn’s associates to board
Occidental Petroleum Corp said on Wednesday it would add to its board three of activist investor Carl Icahn’s associates, ending a long and bitter fight that began after its ill-timed acquisition of rival Anadarko Petroleum.
