Oil falls $2 as Trump surprises with travel ban
Oil prices fell on Thursday following surprise travel restrictions imposed by U.S. President Donald Trump in an attempt to halt the spread of coronavirus after the World Health Organization described the outbreak as a pandemic.
Shell CEO’s 2019 pay halves after fatalities, revenue fall
Royal Dutch Shell Chief Executive Ben van Beurden’s pay package halved last year to 10 million euros ($11.3 million) after the energy company suffered seven deaths and saw a drop in revenue.
China automakers seek government relief after February sales dive 79% on coronavirus
Automakers in China are calling on the government to help after industry-wide sales plunged 79% in February to mark their biggest ever monthly decline, with demand pummelled by the coronavirus outbreak.
Airline stocks plunge as U.S. puts Europe in coronavirus quarantine
European airline stocks already battered by the coronavirus plunged again on Thursday, as a U.S. travel ban on much of continental Europe deepened the sector’s misery and piled pressure on governments to offer emergency support.
BOJ’s Kuroda meets with PM Abe and vows response to coronavirus
The Bank of Japan is ready to take further steps to support the economy in the face of the coronavirus epidemic, Governor Haruhiko Kuroda said after a meeting with Prime Minister Shinzo Abe on Thursday.
Global stocks plunge into bear market as Trump stuns with Europe travel ban
Global stocks plunged into a bear market and oil slumped on Thursday after U.S. President Donald Trump banned travel from Europe to stem the coronavirus, threatening more disruption to the world economy.
JP Morgan abandons Boeing buy call after three years
JP Morgan analysts have given up on their long-term “overweight” call on Boeing Co shares, cutting their price target for the company by $160 to just $210 dollars in a note to clients on Thursday.
Silver lining for some: virus shutdown boosts China non-life insurers
Chinese non-life insurers are discovering a silver lining to the cloud spreading over China’s economic performance from the coronavirus outbreak – a sharp drop in car accident claims.
European airline stocks in tailspin after Trump travel ban
European airline stocks plunged as much as 20% on Thursday after U.S. President Donald Trump said he would restrict travel from Europe to the United States for 30 days to try to contain the spread of the coronavirus.
Cineworld could breach debt terms in worst-case virus scenario
Cineworld could fail to meet its debt commitments in a worst-case coronavirus scenario, it warned on Thursday, though it plans to press ahead with its $1.65 billion takeover of Canadian rival Cineplex .
