April 20, 2020

Virgin Australia enters voluntary administration with aim to recapitalise

Virgin Australia Holdings Ltd said on Tuesday it entered voluntary administration to recapitalise the business and emerge in a stronger financial position after being battered by […]
April 20, 2020

WeWork directors defend right to represent shareholders against SoftBank

A special committee of WeWork board members on Monday rejected an assertion by SoftBank Group Corp that it does not have authority to represent the interests […]
April 20, 2020

Exclusive: Brazil considers further flight cuts as coronavirus crisis bites

Brazil’s government is discussing with the country’s main airlines further reducing a minimal flight schedule implemented due to the coronavirus crisis as travel demand remains close […]
April 20, 2020

U.S. crude futures up more than $20, but still trade below zero

U.S. crude oil jumped more than $20 per barrel on Tuesday but still traded below $0 after plunging into negative territory for the first time in […]
April 20, 2020

U.S. energy industry steps up lobbying for Fed’s emergency aid: letters

The U.S. energy industry has asked the Federal Reserve to change the terms of a $600 billion lending facility so that oil and gas companies can […]
April 20, 2020

WeWork committee pushes back against SoftBank, defends right to represent shareholders

A special committee of WeWork board members on Monday rejected an assertion by SoftBank Group Corp that it does not have authority to represent the interests […]
April 20, 2020

IBM withdraws 2020 forecast on virus uncertainty, dividends to continue

International Business Machines Corp on Monday withdrew its 2020 annual forecast due to uncertainty caused by COVID-19, but said its customers were relatively well positioned for […]
April 20, 2020

IMF may need ‘exceptional measures’ to facilitate pandemic response: Georgieva

The International Monetary Fund may need to step outside its comfort zone and consider “exceptional measures” to help countries deal with the coronavirus pandemic and mitigate […]
April 20, 2020

Wall Street drops as oil traders cannot give away U.S. crude

Wall Street tumbled on Monday after U.S. crude futures turned negative for the first time ever, with traders forced to pay to unload crude as the […]
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