ANA Holdings, Japan's biggest airline, said on Tuesday it would not release an earnings forecast for the full year amid the coronavirus pandemic that has caused an unprecedented slump in air travel and could further stagnate the global economy.
Southwest Airlines Co posted on Tuesday a $94 million net loss in the first quarter, its first quarterly loss in nine years, due to the coronavirus pandemic and said it sees no major improvement in air travel in the second quarter.
With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He ordered his employees to give injections to the pregnant sows, one by one, that would cause them to abort their baby pigs.
Aluminum Corp of China Ltd, known as Chalco, said on Tuesday its net profit crashed by 93.1% year-on-year in the first quarter as the coronavirus outbreak hammered the company's sales.
Australia has asked the Chinese ambassador to explain his "threats of economic coercion" in response to Canberra's push for an international inquiry into the source and spread of the coronavirus.
China's tourists are set to stick close to home and take advantage of discounts as they take time off for the first major holiday since the easing of coronavirus lockdowns, offering a glimpse of what travel may look like after the epidemic.
The World Health Organization (WHO) said on Tuesday that it is stepping up shipments of diagnostic tests and protective equipment, with a new focus on Latin America where COVID-19 is spreading.
Kenya's economy grew 5.4% in 2019 from 6.3% a year earlier, partly due to a slowing performance of the agriculture sector, finance minister Ukur Yatani said on Tuesday.
The global stocks rally is losing steam in Europe after some Asian markets enjoyed the afterglow of healthy 1.5% overnight gains on Wall Street on news that some states could soon emerge from lockdown, though fresh oil woes are capping enthusiasm.
Tianqi Lithium Corp, one of the world's top lithium producers, said on Tuesday its net loss for 2019 was expected to be twice as big as it previously indicated after raising the impairment provision on its stake in Chilean miner SQM.
Britain's FTSE 100 index is seen opening 1 point lower at 5,846 on Tuesday, according to financial bookmakers, with futures up 0.26% ahead of cash market open.
ANA Holdings, Japan's biggest airline, said on Tuesday it would not release an earnings forecast for the full year amid the coronavirus pandemic that has caused an unprecedented slump in air travel and could further stagnate the global economy.
Lufthansa might seek some form of protection from creditors while talking to the Berlin government about a 9 billion euro ($9.76 billion) rescue package, a company source said on Tuesday after government and airline sources said talks on a deal were continuing.
Tianqi Lithium Corp, one of the world's top lithium producers, said on Tuesday its net loss for 2019 was expected to be twice as big as it previously indicated after raising the impairment provision on its stake in Chilean miner SQM.
American Airlines Group Inc on Monday mandated its flight attendants to wear masks starting May 1, and announced enhanced cleaning procedures in response to the COVID-19 pandemic. Customers will be provided sanitizing wipes or gels and face masks starting early May.
With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He ordered his employees to give injections to the pregnant sows, one by one, that would cause them to abort their baby pigs.
Marfrig Global Foods has resumed sales of fresh beef from Brazil to the United States amid supply disruptions in the U.S. market during the coronavirus epidemic, the Brazilian company's chief executive told Reuters.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Reuters
Checked
43 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities