Nasdaq Commodities

India is planning a rescue package worth as much as $1.6 billion for the aviation sector, which has been battered after the coronavirus outbreak forced countries to close borders and brought air travel to a near-halt, two government sources told Reuters.

Canadian aircraft repair and overhaul services provider Chorus Aviation Inc warned on Wednesday of a sales hit as airline customers cancel flights due to the coronavirus outbreak.

As the United States moves to quickly curb the spread of the coronavirus, the question of which retailers can stay open - and where - depends on what government officials deem to be essential.

President Tayyip Erdogan advised Turks on Wednesday not to leave home unless necessary for three weeks and to minimise social contact until the threat of the coronavirus recedes, but did not tell them to stay away from work.

Panama's Copa Airlines said a "complete, temporary shutdown" of its operations was possible by April, while Brazil's carriers said international travel demand has tumbled as much as 85%, hurt by the outbreak of the novel coronavirus.

The Trump administration on Wednesday asked Congress to approve $500 billion in cash payments to taxpayers in two rounds that would start April 6 and $50 billion in secured loans to U.S. airlines to address the financial impact of the coronavirus, according to a document seen by Reuters.

The coronavirus pandemic has virtually eliminated shaking hands. Its economic impact now has investors doubting whether many companies which shook on mergers and acquisitions will see them completed.

Norsk Hydro, one of the world's largest aluminium producers, warned on Wednesday about increasing risk for its operations due to the coronavirus outbreak. It was too early to estimate the financial impact of the virus outbreak, it added.

Panama's Copa Airlines says it is possible it will have a "complete, temporary shutdown of its operations," the carrier said late on Tuesday in an update on the impact of the global coronavirus outbreak on its operations.

Brazil on Wednesday closed its border to Venezuelans for an initial 15 days, citing strains on the public health system from a worsening global coronavirus outbreak and what its president described as Venezuela's inability to respond to the epidemic.

The carnage in stock markets is getting uglier by the day. Should you "buy", "sell" or "hold" on tight?Research houses at big investment banks who provide these recommendations on stocks are dumbfounded. Their ratings on share prices of many companies have become obsolete as markets have skidded at a record pace from bull to bear.

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

China's three biggest airlines reduced about 70% of their capacity in February, data showed on Wednesday, as they grappled with the plummeting demand caused by the coronavirus epidemic.

Hundreds of millions of people worldwide were adjusting on Wednesday to once-in-a-generation measures to battle the coronavirus crisis that is not only killing the old and vulnerable but also threatening prolonged economic misery.

The ILA Berlin Air Show, a major international gathering for the aerospace, air and defence industries scheduled to take place in the German capital from May 13-17 has been cancelled due to the coronavirus, Berlin Messe said on Wednesday.

EasyJet launched an early sale on cut-price winter 2020-21 flights, even as the airline industry heads into a deepening coronavirus crisis that threatens to ground most of the British low-cost carrier's planes.

The coronavirus pandemic has virtually eliminated shaking hands. Its economic impact now has investors doubting whether many companies who shook on mergers and acquisitions will see them completed.

A family feud-fueled proxy fight in Korean Air's parent firm Hanjin Kal escalated this week, as an activist fund offered to buy Delta Air's $300 million Hanjin stake.

The World Health Organization (WHO) said on Wednesday that Middle East states need to offer more information about coronavirus cases to help bolster the fight against the disease across the region.

Bazooka time! After coming under fire for being slow to respond to what is an effectively a simultaneous demand and supply shock to the global economy, governments across the world are rushing to roll out massive stimulus, adding to the monetary firepower their central banks have already deployed.