Ryanair will not operate flights in April or May
Ryanair on Tuesday said it does not expect to operate flights in April or May and has offered its aircraft to European governments for rescue or the essential movement of medicines and personal protective equipment.
Norwegian Air secures first cash infusion from state rescue package
Norwegian Air has fulfilled the first condition to access a government-led rescue package for the airline industry and secured an initial cash infusion of 300 million Norwegian crowns ($26.6 million), the budget carrier said on Tuesday.
Oil prices rise over $1 as U.S. ramps up economic support measures
Oil prices rose around 4% on Tuesday on hopes that the United States will soon reach a deal on a $2 trillion coronavirus aid package that could blunt the economic impact of the outbreak and in turn support oil demand.
Dollar slips as Fed’s money bazooka raises hopes of easier cash supply
The dollar slipped on Tuesday on signs tight funding conditions are easing slightly after the U.S. Federal Reserve pulled out all stops to supply much needed greenback liquidity.
Parking pain: Airlines, airports hunt for storage space as pandemic idles planes
As airlines idle thousands of aircraft for which there are no passengers, they are hitting an unprecedented problem: finding a place to park them.
Asian stocks rebound, Fed soothes with boundless QE
Asian equities markets rallied on Tuesday as investors bet the U.S Federal Reserve’s promise of unlimited dollar funding would ease painful strains in financial markets even if it could not stop the economic hit of the coronavirus epidemic.
Oil prices climb as U.S. ramps up economic support measures
Oil prices rose on Tuesday on hopes that the United States will reach a deal soon on a $2 trillion coronavirus aid package which could blunt the economic impact of the outbreak and in turn support oil demand.
Dollar slips as Fed’s money bazooka loosens tight cash supply
The dollar slipped on Tuesday on signs tight funding conditions are easing slightly after the U.S. Federal Reserve pulled out all stops to supply much needed greenback liquidity.
Asia stocks rebound, Fed pits endless QE against economic reality
Asian stocks rebounded sharply on Tuesday as the U.S. Federal Reserve’s promise of bottomless dollar funding eased painful strains in financial markets, even if it could not soften the immediate economic hit of the coronavirus.
Wells Fargo to pay special compensation to front-line workers amid coronavirus outbreak
Wells Fargo & Co will join other large U.S. banks in paying out special compensation to front-line employees, according to a memo seen on Monday by Reuters.
