April 6, 2020

HSBC HK shareholders mull legal action over dividend suspension

HSBC shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against the bank’s decision to scrap dividend […]
April 6, 2020

Norwegian Air’s March traffic tumbles 60% amid virus lockdown

Norwegian Air’s passenger volume fell by 60% year-on-year in March as it grounded planes amid efforts to halt the spread of the new coronavirus, and will […]
April 6, 2020

As Germany reels from coronavirus, some officials debate impact on banks

As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will […]
April 6, 2020

Dubai’s Emaar suspends construction projects due to virus – sources

Emaar Properties , the largest listed developer in the United Arab Emirates, has suspended work on major projects in Dubai, sources familiar with the matter said, […]
April 6, 2020

Take Five: Life in the time of corona

The world’s biggest economy won’t be open for business by Easter, as U.S. President Donald Trump had hoped, but the second biggest economy may come close. […]
April 6, 2020

Stocks jump on virus slowdown hopes, but oil slips on oversupply

Stocks jumped on Monday as investors were encouraged by a slowdown in coronavirus-related deaths and new cases, while oil prices skidded after Saudi-Russian negotiations to cut […]
April 6, 2020

Rolls-Royce scraps targets, dividend on pandemic hit

Rolls-Royce is scrapping its targets and final dividend to shore up its finances as the British aero-engine maker’s customers around the world ground planes due to […]
April 6, 2020

Oil edges down after Saudi Arabia, Russia delay meeting

Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus […]
April 6, 2020

Carmaker PSA secures further 3 billion euros worth of loans

French carmaker and Peugeot-owner PSA announced on Monday a further 3 billion euros ($3.3 billion) worth of loans to strengthen its financial position in the wake […]
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