March 27, 2020

S&P cuts Airbus outlook amid concern over deliveries, advances

Ratings agency Standard & Poors placed Airbus on its watch list for a possible downgrade as doubts surfaced over the future level of aircraft deliveries and […]
March 27, 2020

U.S. consumer sentiment near three-and-a-half-year low, spending tepid

U.S. consumer sentiment dropped to near a 3-1/2-year low in March as the coronavirus epidemic upended life for Americans, and consumer spending was sluggish in February, […]
March 27, 2020

Lufthansa applies for short-time work for 31,000 employees

Lufthansa has applied for short-time work for around 31,000 crew and ground staff at its core brand until the end of August, a spokesman said on […]
March 27, 2020

Take Five: Quarter-life crisis

Few will regret the end of the first 2020 quarter. Fears of a U.S.-Iran war gave way to the coronavirus pandemic which JPMorgan reckons will have […]
March 27, 2020

Wall Street drops after three-day surge as virus threat intensifies

Wall Street fell more than 3% on Friday, following the S&P 500 and the Dow’s best three-day run in nearly a century, as fears about the […]
March 27, 2020

Lockheed Martin speeds up payments to suppliers amid coronavirus slowdown

Defense contractor Lockheed Martin Corp said on Friday that it would advance more than $50 million to suppliers hurt by a sharp economic slowdown caused by […]
March 27, 2020

U.S. consumer spending, inflation moderate in February

U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the coronavirus pandemic upending life for Americans. […]
March 27, 2020

China’s auto industry wastes no time coaxing drivers back to showrooms after lockdown

China’s auto industry has gone from zero to sixty in its post-pandemic campaign drive, with manufacturers and dealers quick to woo back lockdown-weary consumers through campaigns […]
March 27, 2020

Toyota seeks $9.2-billion credit line from Sumitomo Mitsui, MUFG Bank: Kyodo

Toyota Motor Corp has sought a credit line totaling 1 trillion yen ($9.23 billion) from Sumitomo Mitsui Banking Corp and MUFG Bank as a coronavirus pandemic […]
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