Taiwan's economic growth in the first quarter is expected to have slowed to its weakest in nearly four years, a Reuters poll showed, as the impact of the coronavirus health crisis hits its key electronics exports, a Reuters poll showed.
The Industrial and Commercial Bank of China (ICBC) said on Monday it will suspend all open positions for trading products linked to commodities futures, including crude oil, natural gas, copper and soybeans as of 0900 local time (0200 GMT) beginning April 28.
Britain's airlines want the government's coronavirus wage support scheme to be extended beyond June, maintaining the assistance for longer with a only slow recovery in air travel expected.
Britain's FTSE 100 index is seen opening 69 points higher at 5,821 on Monday, according to financial bookmakers, with futures up 1.30% ahead of cash market open.
European markets are hoping the ECB, again facing the task of rescuing the euro zone, will soon add junk-rated company debt to its stimulus programmes, but some investors say such a bold move might prove counterproductive.
German drugs and pesticides company Bayer said the economic downturn has prompted it to take a tougher stance in talks to settle claims its glyphosate-based weedkillers cause cancer, even as its earnings rose.
Norwegian Air's proposed financial rescue plan could leave current shareholders with a combined ownership stake of just 5.2%, details of its proposed debt-to-equity swap showed on Monday.
German drugs and pesticides company Bayer said the economic downturn due to the coronavirus has prompted it to take a tougher stance in talks to settle claims its glyphosate-based weedkillers cause cancer.
European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis, telling the company's 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action.
Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a $4.2 billion commercial aerospace tie-up amid the coronavirus crisis.
The United States should work to achieve a single, comprehensive agreement with Kenya that removes barriers to trade and investment, instead of pursuing a phased approach, the U.S. Chamber of Commerce said in a document viewed by Reuters.
Egypt's Nile Air on Sunday urged the government to buy stakes in private airline companies to help them survive the crisis caused by the new coronavirus pandemic.
Virgin Atlantic is still talking with the British government about a bailout package to cope with the devastating effects of the coronavirus outbreak on travel as well as focusing on private sector funding, a company spokeswoman told Reuters.
The British retail industry's lobby group and its main trade union on Sunday issued new guidance to retailers in preparation for an anticipated easing by the government of the country's coronavirus lockdown and the re-opening of more stores.
The U.S. Treasury Department said on Saturday it has released $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers, bringing to $12.4 billion the total provided to the airline sector hit hard by the coronavirus pandemic.
Plans underway to restart the economies of Canadian provinces do not depend on presuming people who become infected with coronavirus develop immunity to it, Canadian Prime Minister Justin Trudeau said on Saturday.
Low-cost airline Wizz Air said on Saturday it would restart some flights from London's Luton Airport on May 1, becoming one of the first European carriers to begin restoring services that have been halted during the coronavirus pandemic.
Abu Dhabi's Etihad Airways said on Saturday it would extend its suspension of scheduled passenger flights until at least May 16 due to the coronavirus outbreak.
Reuters
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