April 24, 2020

Asian shares fall on coronavirus drug, economic damage concerns

Asian shares and U.S. stock futures fell on Friday, spurred by doubts about progress in the development of drugs to treat COVID-19 and new evidence of […]
April 24, 2020

Virgin Australia owes $4.4 billion to creditors, to seek waiver on aircraft leases: administrator

Virgin Australia Holdings Ltd owes A$6.9 billion ($4.39 billion) to more than 10,000 creditors based on an initial review and will seek a three-month payment waiver […]
April 24, 2020

Oil prices extend rebound on output cuts, still set to end tumultuous week in the red

Oil prices rose on Friday, gaining further ground as some producers like Kuwait said they would move to cut output swiftly to try to counter the […]
April 23, 2020

Brokerages tell clients – no buying oil for two months

Several brokerages, including discount giant TD Ameritrade Corp are restricting customers from buying new positions in certain crude oil contracts after an unprecedented sell-off that sent […]
April 23, 2020

United mandates masks for flight attendants, unions want passengers included

All United Airlines flight attendants must wear a face covering or mask while on duty starting April 24, the airline said on Thursday, in the first […]
April 23, 2020

Coronavirus clouds Intel outlook, despite short-term bump from PC buying

Intel Corp on Thursday forecast second-quarter earnings below Wall Street views as it cited the cost of readying a new PC chip and said it could […]
April 23, 2020

Exclusive: Hertz taps debt restructuring advisers as car rental demand evaporates, sources say

Hertz Global Holdings Inc is working with debt restructuring advisers to explore options for shoring up its finances after the coronavirus pandemic killed demand for car […]
April 23, 2020

U.S. House passes $500 billion coronavirus bill and oversight panel

The U.S. House of Representatives overwhelmingly approved a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending response […]
April 23, 2020

Intel sees lower quarterly profit on weaker global chip demand

Intel Corp forecast current-quarter profit below analysts’ estimates on Thursday as the semiconductor industry deals with slack demand due to massive shutdowns from the coronavirus outbreak, […]
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