March 23, 2020

Skies clear as further coronavirus curbs ground more flights

Widening travel curbs to contain the spread of the coronavirus led to further flight cancellations on Monday, with new restrictions spanning India, Australia, New Zealand, the […]
March 23, 2020

Airlines ground flights, count mounting costs of the coronavirus shock

Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts. Powered by WPeMatico
March 23, 2020

Shell lowers 2020 capex, suspends share buyback

British oil major Shell joined other companies in the sector in lowering capital expenditure for the current year by about $5 billion and suspended the next […]
March 23, 2020

Central banks deploy record sums to break financial logjam, but may need more

Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up, as investors worried about the economic […]
March 23, 2020

Brent crude extends fall as coronavirus shutdowns sap demand

Brent crude prices extended falls on Monday amid more action by governments to contain the global coronavirus outbreak that has slashed the demand outlook for oil […]
March 23, 2020

SoftBank to raise $41 billion to expand share buyback, cut debt

SoftBank Group Corp said on Monday it is selling or monetizing up to 4.5 trillion yen ($41 billion) in assets to buy back 2 trillion yen […]
March 23, 2020

Hyundai Motor heir apparent buys $15 million shares in automaker, parts affiliate

Hyundai Motor Group’s heir apparent Euisun Chung bought shares in automaker Hyundai Motor and parts affiliate Hyundai Mobis for a combined 19 billion won ($15 million), […]
March 23, 2020

Oil markets slump amid coronavirus chaos

Oil prices fell on Monday as governments escalated lockdowns to curb the spread of the global coronavirus outbreak that has slashed the demand outlook for oil […]
March 23, 2020

Exxon notifies contractors, vendors of spending cuts over coronavirus

Exxon Mobil Corp is notifying contractors and vendors of planned near-term cuts in capital and operating expenses over a coronavirus pandemic, and will announce the plans […]
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